Ishares V Plc - Ishares S&p 500 Consumer ETF Forecast
Ishares V Plc - Ishares S&p 500 Consumer ETF upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Ishares V Plc - Ishares S&p 500 Consumer ETF price gained 0.169% on the last trading day (Friday, 28th Jun 2024), rising from 11.86€ to 11.88€. It has now gained 3 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 0.93% from a day low at 11.87€ to a day high of 11.98€. The price has risen in 8 of the last 10 days and is up by 3.83% 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, 17 thousand more shares were traded than the day before. In total, 32 thousand shares were bought and sold for approximately 375.36€ thousand.
The ETF has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. 11.62€ 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 12.17€ sometime during the next 3 months.
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QDVK.F Signals & Forecast
Mostly positive signals in the chart today. The Ishares V Plc - Ishares S&p 500 Consumer 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 11.75€ and 11.39€. 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 7.98%. 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). Ishares V Plc - Ishares S&p 500 Consumer has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
A buy signal from a double bottom formation was found on Friday, May 31, 2024 with a target of 11.83€. Despite whether the objective of the signal formation has been reached the ETF may continue to perform well.
Support, Risk & Stop-loss for Ishares V Plc - Ishares S&p 500 Consumer ETF
Ishares V Plc - Ishares S&p 500 Consumer finds support from accumulated volume at 11.38€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved 0.110€ (0.93%) between high and low. For the last week, the ETF has had daily average volatility of 1.12%.
Our recommended stop-loss: 11.47€ (-3.42%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (QDVK.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 Consumer Discretionary Sector Ucits Etf Usd (acc) to open at 11.91€, and during the day (based on 14 day Average True Range), to move between 11.77€ and 11.99€, which gives a possible trading interval of +/-0.112€ (+/-0.94%) up or down from last closing price. If Ishares V Plc - Ishares S&p 500 Consumer Discretionary Sector Ucits Etf Usd (acc) takes out the full calculated possible swing range there will be an estimated 1.88% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 11.38€, some 0.498€ (4.19%) from the current price of 11.88€, our system finds the risk reward attractive.
Is Ishares V Plc - Ishares S&p 500 Consumer Discretionary Sector Ucits Etf Usd (acc) 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 V Plc - Ishares S&p 500 Consumer ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.758 Buy Candidate Upgraded
Predicted Opening Price for Ishares V Plc - Ishares S&p 500 Consumer Discretionary Sector Ucits Etf Usd (acc) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 11.91€ ( 0.253%) | 11.88€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QDVK.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.02 | 1.18% |
| R2 | 11.98 | 0.82% |
| R1 | 11.95 | 0.606% |
| Price | 11.88 | |
| S1 | 11.87 | -0.101% |
| S2 | 11.84 | -0.320% |
| S3 | 11.80 | -0.674% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 11.88 | |
| S1 | 11.38 | -4.19% |
| S2 | 11.37 | -4.28% |
| S3 | 11.10 | -6.55% |
FAQ
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