Ishares Iii Public Ltd Co - Ishares ETF Forecast
Ishares Iii Public Ltd Co - Ishares ETF downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Jun 19, 2024)
The Ishares Iii Public Ltd Co - Ishares ETF price fell by -0.270% on the last day (Wednesday, 19th Jun 2024) from £65.70 to £65.52. During the last trading day the ETF fluctuated 0% from a day low at £65.52 to a day high of £65.52. The price has risen in 4 of the last 10 days and is up by 0.53% over the past 2 weeks. 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 -70 shares and in total, 0 shares were bought and sold for approximately £0 .
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 £65.79 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 -2.19% during the next 3 months and, with a 90% probability hold a price between £62.97 and £64.35 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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SGEA.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 0.525%. 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. The Ishares Iii Public Ltd Co - Ishares ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at £65.66. On a fall, the ETF will find some support from the short-term average at £65.38. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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.
A buy signal from a double bottom formation was found on Thursday, May 30, 2024 and based on theory for this formation the price should go up by 1.45% to £66.47 within 20 trading days since signal was issued (Thursday, June 27, 2024).
Support, Risk & Stop-loss for Ishares Iii Public Ltd Co - Ishares ETF
Ishares Iii Public Ltd Co - Ishares finds support from accumulated volume at £65.25 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.120%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SGEA.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Ishares Iii Public Limited Company - Ishares Emerging Asia Local Government Bond Ucits Etf to open at £65.52, and during the day (based on 14 day Average True Range), to move between £65.32 and £65.72, which gives a possible trading interval of +/-£0.200 (+/-0.31%) up or down from last closing price. If Ishares Iii Public Limited Company - Ishares Emerging Asia Local Government Bond Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £65.54 (0.03%) than the support at £65.25 (0.42%), 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 Iii Public Limited Company - Ishares Emerging Asia Local Government Bond Ucits Etf ETF A Buy?
Ishares Iii Public Ltd Co - Ishares 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: -2.223 Sell Candidate Downgraded
Predicted Opening Price for Ishares Iii Public Limited Company - Ishares Emerging Asia Local Government Bond Ucits Etf of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £65.52 ( 0%) | £65.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SGEA.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 65.52 | - |
| R2 | 65.52 | - |
| R1 | 65.52 | - |
| Price | 65.52 | |
| S1 | 65.52 | - |
| S2 | 65.52 | - |
| S3 | 65.52 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 66.29 | 1.17% |
| R2 | 65.79 | 0.408% |
| R1 | 65.54 | 0.0267% |
| Price | 65.52 | |
| S1 | 65.25 | -0.416% |
| S2 | 65.19 | -0.507% |
| S3 | 65.18 | -0.523% |
SGEA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 11, 2024 | Jan 11, 2024 | Jan 24, 2024 | £1.04 | 1.58% |
| 2 | Jul 13, 2023 | Jul 13, 2023 | Jul 26, 2023 | £0.99 | 1.48% |
| 3 | Jan 12, 2023 | Jan 12, 2023 | Jan 25, 2023 | £1.00 | 1.39% |
| 4 | Jul 14, 2022 | Jul 14, 2022 | Jul 27, 2022 | £1.06 | 1.51% |
| 5 | Jan 13, 2022 | Jan 13, 2022 | Jan 26, 2022 | £0.95 | 1.37% |
FAQ
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