iShares Automation & Robotics UCITS USD ETF Forecast
Evaluation of iShares Automation & Robotics UCITS USD ETF downgraded after the last trading session.
(Updated on May 02, 2024)
The iShares Automation & Robotics UCITS USD ETF price gained 1.00% on the last trading day (Thursday, 2nd May 2024), rising from £12.48 to £12.61. During the last trading day the ETF fluctuated 1.36% from a day low at £12.50 to a day high of £12.67. The price has fallen in 6 of the last 10 days and is down by -0.4% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 100 thousand more shares were traded than the day before. In total, 123 thousand shares were bought and sold for approximately £1.55 million.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -5.02% during the next 3 months and, with a 90% probability hold a price between £11.68 and £12.74 at the end of this 3-month period.
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RBOT.L Signals & Forecast
There are mixed signals in the ETF today. The iShares Automation & Robotics UCITS USD 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 £12.64 and £13.18. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 1.74%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for iShares Automation & Robotics UCITS USD ETF
iShares Automation & Robotics UCITS USD finds support from accumulated volume at £12.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 £0.170 between high and low, or 1.36%. For the last week, the ETF has had daily average volatility of 1.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RBOT.L) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect iShares Automation & Robotics UCITS ETF USD (Acc) to open at £12.59, and during the day (based on 14 day Average True Range), to move between £12.40 and £12.81, which gives a possible trading interval of +/-£0.202 (+/-1.60%) up or down from last closing price. If iShares Automation & Robotics UCITS ETF USD (Acc) takes out the full calculated possible swing range there will be an estimated 3.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £12.60 (0.08%) than the resistance at £12.77 (1.31%), 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 USD (Acc) ETF A Buy?
iShares Automation & Robotics UCITS USD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.688 Sell Candidate Downgraded
Predicted Opening Price for iShares Automation & Robotics UCITS ETF USD (Acc) of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| £12.59 ( 0.106%) | £12.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RBOT.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.76 | 1.24 % | |
| R2 | 12.70 | 0.728 % | ||
| R1 | 12.66 | 0.409 % | ||
| Current price: | 12.61 | |||
| Support | S1 | 12.53 | -0.621 % | |
| S2 | 12.49 | -0.94 % | ||
| S3 | 12.42 | -1.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.63 | 8.13 % | |
| R2 | 13.59 | 7.77 % | ||
| R1 | 12.77 | 1.31 % | ||
| Current price | 12.61 | |||
| Support | S1 | 12.60 | -0.0793% | |
| S2 | 12.50 | -0.87% | ||
| S3 | 12.45 | -1.27% |
FAQ
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