Ishares V Plc - Ishares S&p 500 Health ETF Forecast
Green day on Friday for Ishares V Plc - Ishares S&p 500 Health
(Updated on Jun 28, 2024)
The Ishares V Plc - Ishares S&p 500 Health ETF price gained 0.374% on the last trading day (Friday, 28th Jun 2024), rising from 10.68€ to 10.72€. During the last trading day the ETF fluctuated 0.616% from a day low at 10.72€ to a day high of 10.78€. The price has been going up and down for this period, and there has been a 0.69% gain for the last 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 46 thousand shares were bought and sold for approximately 497.55€ 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 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 4.35% during the next 3 months and, with a 90% probability hold a price between 10.83€ and 11.29€ at the end of this 3-month period.
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QDVG.F Signals & Forecast
The Ishares V Plc - Ishares S&p 500 Health 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 10.73€. On a fall, the ETF will find some support from the long-term average at approximately 10.53€. 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 -0.612%. Further fall is indicated until a new bottom pivot has been found. 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 also not.
Support, Risk & Stop-loss for Ishares V Plc - Ishares S&p 500 Health ETF
Ishares V Plc - Ishares S&p 500 Health finds support from accumulated volume at 10.65€ 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 0.0660€ between high and low, or 0.616%. For the last week the ETF has had daily average volatility of 0.635%
Our recommended stop-loss: 10.37€ (-3.33%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (QDVG.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares V Plc - Ishares S&p 500 Health Care Sector Ucits Etf Usd (acc) to open at 10.74€, and during the day (based on 14 day Average True Range), to move between 10.64€ and 10.81€, which gives a possible trading interval of +/-0.0866€ (+/-0.81%) up or down from last closing price. If Ishares V Plc - Ishares S&p 500 Health Care Sector Ucits Etf Usd (acc) takes out the full calculated possible swing range there will be an estimated 1.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 10.74€ (0.17%) than the support at 10.65€ (0.69%), 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 V Plc - Ishares S&p 500 Health Care Sector Ucits Etf Usd (acc) 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 V Plc - Ishares S&p 500 Health ETF to perform well in the short-term.
Current score: 4.269 Buy Candidate Unchanged
Predicted Opening Price for Ishares V Plc - Ishares S&p 500 Health Care Sector Ucits Etf Usd (acc) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 10.74€ ( 0.155%) | 10.72€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QDVG.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.81 | 0.771% |
| R2 | 10.78 | 0.536% |
| R1 | 10.77 | 0.391% |
| Price | 10.72 | |
| S1 | 10.72 | -0.0797% |
| S2 | 10.70 | -0.225% |
| S3 | 10.67 | -0.460% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.79 | 0.615% |
| R2 | 10.76 | 0.373% |
| R1 | 10.74 | 0.168% |
| Price | 10.72 | |
| S1 | 10.65 | -0.690% |
| S2 | 10.61 | -1.06% |
| S3 | 10.16 | -5.26% |
FAQ
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