Ishares Digital Security Ucits Etf ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Ishares Digital Security Ucits Etf ETF price up 0.145% on Wednesday
(Updated on Jul 03, 2024)
The Ishares Digital Security Ucits Etf ETF price gained 0.145% on the last trading day (Wednesday, 3rd Jul 2024), rising from £6.92 to £6.93. During the last trading day the ETF fluctuated 0.797% from a day low at £6.90 to a day high of £6.96. The price has risen in 7 of the last 10 days and is up by 4.32% 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, 14 thousand more shares were traded than the day before. In total, 19 thousand shares were bought and sold for approximately £133.31 thousand.
The ETF has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. £6.93 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 £7.38 sometime during the next 3 months.
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SHLG.L Signals & Forecast
The Ishares Digital Security 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 £6.84 and £6.77. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Ishares Digital Security Ucits Etf 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 28, 2024, and so far it has fallen -0.0577%. Further fall is indicated until a new bottom pivot has been found.
A sell signal from a double top formation was found on Friday, June 28, 2024 and based on theory for this formation the price should fall by -8.60% to £6.33 within 27 trading days (Tuesday, August 06, 2024) since signal was issued.
Support, Risk & Stop-loss for Ishares Digital Security Ucits Etf ETF
Ishares Digital Security Ucits Etf finds support from accumulated volume at £6.92 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 £0.0550 between high and low, or 0.797%. For the last week the ETF has had daily average volatility of 0.685%.
Our recommended stop-loss: £6.68 (-3.64%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (SHLG.L) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Ishares Digital Security Ucits Etf to open at £6.93, and during the day (based on 14 day Average True Range), to move between £6.86 and £7.00, which gives a possible trading interval of +/-£0.0713 (+/-1.03%) up or down from last closing price. If Ishares Digital Security Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £6.93 (0.01%) than the support at £6.92 (0.13%), 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 Digital Security Ucits Etf ETF A Buy?
Several short-term signals are positive and the ETF has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Ishares Digital Security Ucits Etf ETF to perform well in the short-term period.
Current score: 2.377 Buy Candidate Unchanged
Predicted Opening Price for Ishares Digital Security Ucits Etf of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| £6.93 ( 0.0241%) | £6.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHLG.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.99 | 0.82% |
| R2 | 6.96 | 0.515% |
| R1 | 6.95 | 0.327% |
| Price | 6.93 | |
| S1 | 6.91 | -0.279% |
| S2 | 6.90 | -0.466% |
| S3 | 6.88 | -0.770% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.97 | 0.592% |
| R2 | 6.96 | 0.447% |
| R1 | 6.93 | 0.0144% |
| Price | 6.93 | |
| S1 | 6.92 | -0.130% |
| S2 | 6.77 | -2.29% |
| S3 | 6.64 | -4.17% |
FAQ
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