Invesco Jpx-nikkei 400 Ucits Etf ETF Forecast
Stronger technical forecast for Invesco Jpx-nikkei 400 Ucits Etf ETF price after Wednesday trading.
(Updated on Jun 26, 2024)
The Invesco Jpx-nikkei 400 Ucits Etf ETF price fell by -0.0445% on the last day (Wednesday, 26th Jun 2024) from 179.86€ to 179.78€. During the last trading day the ETF fluctuated 0.701% from a day low at 179.78€ to a day high of 181.04€. The price has been going up and down for this period, and there has been a -0.42% loss for the last 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 -221 shares and in total, 229 shares were bought and sold for approximately 41.17€ 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 Invesco Jpx-nikkei 400 Ucits Etf ETF with a 90% probability to be traded between 169.80€ and 179.00€ 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. 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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SMLN.F Signals & Forecast
The Invesco Jpx-nikkei 400 Ucits Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 177.94€ and 178.91€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 1.81%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The ETF had a Golden Star Signal on Friday, May 31, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Friday, May 31, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A sell signal from a double top formation was found on Monday, June 10, 2024 and based on theory for this formation the price should fall by -2.98% to 174.43€ within 25 trading days since signal was issued (Monday, July 15, 2024).
Support, Risk & Stop-loss for Invesco Jpx-nikkei 400 Ucits Etf ETF
Invesco Jpx-nikkei 400 Ucits Etf finds support from accumulated volume at 178.96€ 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 1.26€ between high and low, or 0.701%. For the last week the ETF has had daily average volatility of 0.437%
Our recommended stop-loss: 169.51€ (-5.71%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (SMLN.F) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Invesco Jpx-nikkei 400 Ucits Etf to open at 180.20€, and during the day (based on 14 day Average True Range), to move between 178.27€ and 181.29€, which gives a possible trading interval of +/-1.51€ (+/-0.84%) up or down from last closing price. If Invesco Jpx-nikkei 400 Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 180.52€ (0.41%) than the support at 178.96€ (0.46%), 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 Invesco Jpx-nikkei 400 Ucits Etf ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Invesco Jpx-nikkei 400 Ucits Etf ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.268 Buy Candidate Upgraded
Predicted Opening Price for Invesco Jpx-nikkei 400 Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 180.20€ ( 0.234%) | 179.78€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMLN.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 181.46 | 0.93% |
| R2 | 180.98 | 0.667% |
| R1 | 180.68 | 0.501% |
| Price | 179.78 | |
| S1 | 179.72 | -0.0341% |
| S2 | 179.42 | -0.200% |
| S3 | 178.94 | -0.467% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 182.42 | 1.47% |
| R2 | 181.54 | 0.98% |
| R1 | 180.52 | 0.412% |
| Price | 179.78 | |
| S1 | 178.96 | -0.456% |
| S2 | 178.00 | -0.99% |
| S3 | 177.74 | -1.13% |
FAQ
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