Ishares $ Floating Rate Bond Ucits Etf ETF Forecast
Weaker technical forecast for Ishares $ Floating Rate Bond Ucits Etf as ETF downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Ishares $ Floating Rate Bond Ucits Etf ETF price fell by -0.0233% on the last day (Friday, 28th Jun 2024) from 4.72€ to 4.72€. During the last trading day the ETF fluctuated 0.270% from a day low at 4.71€ to a day high of 4.72€. The price has been going up and down for this period, and there has been a 0.12% gain for the last 2 weeks. Volume has increased on the last day by 21 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 33 thousand shares were bought and sold for approximately 153.98€ thousand.
The ETF lies the upper part of a narrow and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 4.72€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -3.07% during the next 3 months and, with a 90% probability hold a price between 4.40€ and 4.58€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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QDVY.F Signals & Forecast
The Ishares $ Floating Rate Bond 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 4.72€ and 4.67€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 2.29%. 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. Ishares $ Floating Rate Bond Ucits Etf gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Ishares $ Floating Rate Bond Ucits Etf ETF
Ishares $ Floating Rate Bond Ucits Etf finds support from accumulated volume at 4.70€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.0127€ between high and low, or 0.270%. For the last week the ETF has had daily average volatility of 0.300%.
Our recommended stop-loss: 4.56€ (-3.36%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 52 days ago.)
Trading Expectations (QDVY.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares $ Floating Rate Bond Ucits Etf to open at 4.72€, and during the day (based on 14 day Average True Range), to move between 4.69€ and 4.74€, which gives a possible trading interval of +/-0.0206€ (+/-0.44%) up or down from last closing price. If Ishares $ Floating Rate Bond Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 4.70€ (0.33%) than the resistance at 4.79€ (1.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ishares $ Floating Rate Bond Ucits Etf ETF A Buy?
Ishares $ Floating Rate Bond Ucits Etf holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.486 Hold/Accumulate Downgraded
Predicted Opening Price for Ishares $ Floating Rate Bond Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 4.72€ ( 0.0361%) | 4.72€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QDVY.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.73 | 0.305% |
| R2 | 4.73 | 0.202% |
| R1 | 4.72 | 0.139% |
| Price | 4.72 | |
| S1 | 4.71 | -0.0668% |
| S2 | 4.71 | -0.130% |
| S3 | 4.70 | -0.233% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.83 | 2.43% |
| R2 | 4.80 | 1.79% |
| R1 | 4.79 | 1.58% |
| Price | 4.72 | |
| S1 | 4.70 | -0.329% |
| S2 | 4.63 | -1.81% |
| S3 | 4.62 | -2.03% |
FAQ
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