Ishares Digital Security Ucits Etf ETF Forecast
Green day on Wednesday for Ishares Digital Security Ucits Etf
(Updated on Jul 03, 2024)
The Ishares Digital Security Ucits Etf ETF price gained 0.80% on the last trading day (Wednesday, 3rd Jul 2024), rising from $7.94 to $8.00. During the last trading day the ETF fluctuated 0.87% from a day low at $7.94 to a day high of $8.01. The price has risen in 6 of the last 10 days and is up by 4.36% over the past 2 weeks. Volume fell on the last day by -23 thousand shares and in total, 11 thousand shares were bought and sold for approximately $85.24 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $7.98 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the ETF is predicted to reach $8.52 sometime during the next 3 months.
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LOCK.L Signals & Forecast
The Ishares Digital Security Ucits Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $7.84 and $7.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 6.93%. Further rise is indicated until a new top pivot has been found. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ishares Digital Security Ucits Etf ETF
Ishares Digital Security Ucits Etf finds support from accumulated volume at $7.96 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 $0.0690 between high and low, or 0.87%. For the last week the ETF has had daily average volatility of 0.788%
Our recommended stop-loss: $7.71 (-3.66%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (LOCK.L) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Ishares Digital Security Ucits Etf to open at $7.98, and during the day (based on 14 day Average True Range), to move between $7.91 and $8.09, which gives a possible trading interval of +/-$0.0897 (+/-1.12%) up or down from last closing price. If Ishares Digital Security Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.24% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $7.96, some $0.0385 (0.48%) from the current price of $8.00, our system finds the risk reward attractive.
Is Ishares Digital Security Ucits Etf ETF A Buy?
Several short-term signals are positive and the ETF has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Ishares Digital Security Ucits Etf ETF to perform well in the short-term period.
Current score: 3.345 Buy Candidate Unchanged
Predicted Opening Price for Ishares Digital Security Ucits Etf of Thursday, July 4, 2024
Fair opening price July 4, 2024 | Current price |
---|---|
$7.98 ( 0.208%) | $8.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LOCK.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 8.05 | 0.654% |
R2 | 8.02 | 0.325% |
R1 | 8.01 | 0.121% |
Price | 8.00 | |
S1 | 7.96 | -0.538% |
S2 | 7.94 | -0.741% |
S3 | 7.91 | -1.07% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 8.00 | |
S1 | 7.96 | -0.481% |
S2 | 7.77 | -2.86% |
S3 | 7.65 | -4.41% |
FAQ
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