Ishares Vii Plc - Ishares Nasdaq 100 ETF Forecast
Stronger technical forecast for Ishares Vii Plc - Ishares Nasdaq 100 ETF price after Friday trading.
(Updated on Jun 28, 2024)
The Ishares Vii Plc - Ishares Nasdaq 100 ETF price gained 0.81% on the last trading day (Friday, 28th Jun 2024), rising from 11.87€ to 11.97€. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 1.11% from a day low at 11.92€ to a day high of 12.05€. The price has risen in 7 of the last 10 days and is up by 1.34% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 68 thousand more shares were traded than the day before. In total, 144 thousand shares were bought and sold for approximately 1.72€ million.
The ETF lies in the middle of a strong 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 12.36% during the next 3 months and, with a 90% probability hold a price between 12.74€ and 13.68€ at the end of this 3-month period.
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NQSE.F Signals & Forecast
The Ishares Vii Plc - Ishares Nasdaq 100 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 11.89€ and 11.50€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, June 19, 2024, and so far it has fallen -0.433%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Ishares Vii Plc - Ishares Nasdaq 100 ETF
On the downside, the ETF finds support just below today's level from accumulated volume at 11.02€ and 10.93€. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Ishares Vii Plc - Ishares Nasdaq 100 finds support just below today's level at 11.02€. If this is broken, then the next support from accumulated volume will be at 10.93€ and 10.92€.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved 0.132€ between high and low, or 1.11%. For the last week, the ETF has had daily average volatility of 0.99%.
Our recommended stop-loss: 11.53€ (-3.68%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (NQSE.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares Vii Plc - Ishares Nasdaq 100 Ucits Etf to open at 11.98€, and during the day (based on 14 day Average True Range), to move between 11.84€ and 12.09€, which gives a possible trading interval of +/-0.125€ (+/-1.04%) up or down from last closing price. If Ishares Vii Plc - Ishares Nasdaq 100 Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 11.97€ (0.02%) than the support at 11.02€ (7.92%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Ishares Vii Plc - Ishares Nasdaq 100 Ucits Etf ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ishares Vii Plc - Ishares Nasdaq 100 ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.316 Buy Candidate Upgraded
Predicted Opening Price for Ishares Vii Plc - Ishares Nasdaq 100 Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 11.98€ ( 0.111%) | 11.97€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NQSE.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.11 | 1.21% |
| R2 | 12.06 | 0.793% |
| R1 | 12.03 | 0.533% |
| Price | 11.97 | |
| S1 | 11.93 | -0.310% |
| S2 | 11.90 | -0.570% |
| S3 | 11.85 | -0.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.02 | 0.434% |
| R2 | 12.00 | 0.284% |
| R1 | 11.97 | 0.0167% |
| Price | 11.97 | |
| S1 | 11.02 | -7.92% |
| S2 | 10.93 | -8.67% |
| S3 | 10.92 | -8.76% |
FAQ
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