Jpmorgan Etfs (ireland) Icav - Usd ETF Forecast
Jpmorgan Etfs (ireland) Icav - Usd ETF price down 0.141% on Friday
(Updated on Jun 28, 2024)
The Jpmorgan Etfs (ireland) Icav - Usd ETF price fell by -0.141% on the last day (Friday, 28th Jun 2024) from £101.41 to £101.27. During the last trading day the ETF fluctuated 0.328% from a day low at £101.27 to a day high of £101.60. The price has fallen in 6 of the last 10 days but is still up by 0.19% over the past 2 weeks. Volume has increased on the last day by 500 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 500 shares were bought and sold for approximately £50.63 thousand.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 2.54% during the next 3 months and, with a 90% probability hold a price between £102.43 and £104.58 at the end of this 3-month period.
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JMBA.L Signals & Forecast
The Jpmorgan Etfs (ireland) Icav - Usd ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately £101.57. On a fall, the ETF will find some support from the long-term average at approximately £100.83. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -0.572%. Further fall is indicated until a new bottom pivot has been found. Jpmorgan Etfs (ireland) Icav - Usd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Jpmorgan Etfs (ireland) Icav - Usd ETF
Jpmorgan Etfs (ireland) Icav - Usd finds support from accumulated volume at £101.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved £0.332 between high and low, or 0.328%. For the last week the ETF has had daily average volatility of 0.132%.
Our recommended stop-loss: £98.18 (-3.05%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (JMBA.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Jpmorgan Etfs (ireland) Icav - Usd Emerging Markets Sovereign Bond Ucits Etf to open at £101.38, and during the day (based on 14 day Average True Range), to move between £100.85 and £101.69, which gives a possible trading interval of +/-£0.421 (+/-0.42%) up or down from last closing price. If Jpmorgan Etfs (ireland) Icav - Usd Emerging Markets Sovereign Bond Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £101.23 (0.04%) than the resistance at £101.41 (0.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jpmorgan Etfs (ireland) Icav - Usd Emerging Markets Sovereign Bond Ucits Etf ETF A Buy?
Jpmorgan Etfs (ireland) Icav - Usd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Jpmorgan Etfs (ireland) Icav - Usd Emerging Markets Sovereign Bond Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £101.38 ( 0.109%) | £101.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JMBA.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 101.71 | 0.438% |
| R2 | 101.58 | 0.312% |
| R1 | 101.51 | 0.235% |
| Price | 101.27 | |
| S1 | 101.25 | -0.0160% |
| S2 | 101.17 | -0.0935% |
| S3 | 101.05 | -0.219% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 101.85 | 0.575% |
| R2 | 101.59 | 0.318% |
| R1 | 101.41 | 0.141% |
| Price | 101.27 | |
| S1 | 101.23 | -0.0370% |
| S2 | 101.12 | -0.146% |
| S3 | 100.60 | -0.659% |
FAQ
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