Jpmorgan Etfs (ireland) Icav - Usd ETF Forecast

Jpmorgan Etfs (ireland) Icav - Usd ETF downgraded to Sell Candidate
(Updated on Jun 19, 2024)

JPBM.L Signals & Forecast

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. The Jpmorgan Etfs (ireland) Icav - Usd ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £63.73 and £63.72. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -0.609%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Wednesday, May 29, 2024 and based on theory for this formation the price should go up by 2.57% to £65.25 within 22 trading days since signal was issued (Friday, June 28, 2024).

Support, Risk & Stop-loss for Jpmorgan Etfs (ireland) Icav - Usd ETF

Jpmorgan Etfs (ireland) Icav - Usd finds support from accumulated volume at £63.59 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved £0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (JPBM.L) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Jpmorgan Etfs (ireland) Icav - Usd Emerging Markets Sovereign Bond Ucits Etf to open at £63.62, and during the day (based on 14 day Average True Range), to move between £63.41 and £63.82, which gives a possible trading interval of +/-£0.206 (+/-0.32%) 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 0.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £63.59 (0.04%) than the resistance at £63.66 (0.07%), 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 negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.321 Sell Candidate Downgraded

Predicted Opening Price for Jpmorgan Etfs (ireland) Icav - Usd Emerging Markets Sovereign Bond Ucits Etf of Thursday, June 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.