Ishares Iii Public Ltd Co - Ishares ETF Forecast
Ishares Iii Public Ltd Co - Ishares ETF upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Ishares Iii Public Ltd Co - Ishares ETF price gained 0.92% on the last trading day (Friday, 28th Jun 2024), rising from £65.51 to £66.11. During the last trading day the ETF fluctuated 0% from a day low at £66.11 to a day high of £66.11. The price has risen in 5 of the last 10 days and is up by 1.31% 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, 50 more shares were traded than the day before. In total, 50 shares were bought and sold for approximately £3.31 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. £65.85 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 £67.23 sometime during the next 3 months.
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SGEA.L Signals & Forecast
The Ishares Iii Public Ltd Co - Ishares 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 £65.69 and £65.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 1.42%. 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 Iii Public Ltd Co - Ishares 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. 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 0.550% 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 £65.79 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.150%.
Our recommended stop-loss: £62.58 (-5.34%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (SGEA.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ishares Iii Public Limited Company - Ishares Emerging Asia Local Government Bond Ucits Etf to open at £66.11, and during the day (based on 14 day Average True Range), to move between £65.88 and £66.34, which gives a possible trading interval of +/-£0.229 (+/-0.35%) 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 0.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £66.25 (0.22%) than the support at £65.79 (0.48%), 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 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Ishares Iii Public Limited Company - Ishares Emerging Asia Local Government Bond Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £66.11 ( 0%) | £66.11 |
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 | 66.11 | - |
| R2 | 66.11 | - |
| R1 | 66.11 | - |
| Price | 66.11 | |
| S1 | 66.11 | - |
| S2 | 66.11 | - |
| S3 | 66.11 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 66.39 | 0.428% |
| R2 | 66.29 | 0.277% |
| R1 | 66.25 | 0.216% |
| Price | 66.11 | |
| S1 | 65.79 | -0.480% |
| S2 | 65.54 | -0.86% |
| S3 | 65.25 | -1.30% |
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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