Ishares Automation & Robotics Ucits Etf ETF Forecast
Red day on Tuesday for Ishares Automation & Robotics Ucits Etf ETF after losing 0.0431%
(Updated on Jun 25, 2024)
The Ishares Automation & Robotics Ucits Etf ETF price fell by -0.0431% on the last day (Tuesday, 25th Jun 2024) from $8.70 to $8.70. During the last trading day the ETF fluctuated 0.693% from a day low at $8.66 to a day high of $8.72. The price has fallen in 6 of the last 10 days and is down by -0.2% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -202 thousand shares and in total, 5 thousand shares were bought and sold for approximately $46.13 thousand.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ishares Automation & Robotics Ucits Etf ETF with a 90% probability to be traded between $8.06 and $8.79 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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RBOD.L Signals & Forecast
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. The Ishares Automation & Robotics Ucits Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $8.73 and $8.78. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -3.65%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ishares Automation & Robotics Ucits Etf ETF
Ishares Automation & Robotics Ucits Etf finds support from accumulated volume at $8.66 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 $0.0600 between high and low, or 0.693%. For the last week the ETF has had daily average volatility of 0.84%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RBOD.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Ishares Automation & Robotics Ucits Etf to open at $8.69, and during the day (based on 14 day Average True Range), to move between $8.58 and $8.82, which gives a possible trading interval of +/-$0.123 (+/-1.41%) up or down from last closing price. If Ishares Automation & Robotics Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.66 (0.43%) than the resistance at $8.77 (0.80%), 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 Automation & Robotics Ucits Etf ETF A Buy?
Ishares Automation & Robotics Ucits Etf holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -3.177 Sell Candidate Unchanged
Predicted Opening Price for Ishares Automation & Robotics Ucits Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $8.69 ( 0.0766%) | $8.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RBOD.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.75 | 0.613% |
| R2 | 8.73 | 0.350% |
| R1 | 8.72 | 0.187% |
| Price | 8.70 | |
| S1 | 8.67 | -0.340% |
| S2 | 8.66 | -0.503% |
| S3 | 8.63 | -0.766% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.00 | 3.45% |
| R2 | 8.97 | 3.10% |
| R1 | 8.77 | 0.80% |
| Price | 8.70 | |
| S1 | 8.66 | -0.431% |
| S2 | 8.51 | -2.18% |
| S3 | 8.41 | -3.33% |
RBOD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0.0134 | 0.157% |
| 2 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | $0.0263 | 0.323% |
| 3 | Dec 15, 2022 | Dec 15, 2022 | Dec 15, 2022 | $0.0133 | 0.202% |
| 4 | Jun 16, 2022 | Jun 16, 2022 | Jun 16, 2022 | $0.0224 | 0.368% |
| 5 | Dec 16, 2021 | Dec 16, 2021 | Dec 16, 2021 | $0.0099 | 0.103% |
FAQ
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