Ishares Msci Japan Sri Ucits Etf ETF Forecast

Ishares Msci Japan Sri Ucits Etf ETF downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)

SUJP.L Signals & Forecast

The Ishares Msci Japan Sri 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 $6.84 and $6.87. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 1.62%. 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). Ishares Msci Japan Sri Ucits Etf gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The ETF had a Golden Star Signal on Monday, June 24, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 31, 2024.

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.

Support, Risk & Stop-loss for Ishares Msci Japan Sri Ucits Etf ETF

Ishares Msci Japan Sri Ucits Etf finds support from accumulated volume at $6.88 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 $0.0275 between high and low, or 0.400%. For the last week the ETF has had daily average volatility of 0.366%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SUJP.L) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Ishares Msci Japan Sri Ucits Etf to open at $6.88, and during the day (based on 14 day Average True Range), to move between $6.82 and $6.95, which gives a possible trading interval of +/-$0.0665 (+/-0.97%) up or down from last closing price. If Ishares Msci Japan Sri Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $6.88 (0.04%) than the resistance at $6.95 (0.98%), 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 Msci Japan Sri Ucits Etf ETF A Buy?

Ishares Msci Japan Sri Ucits Etf 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: -2.213 Sell Candidate Downgraded

Predicted Opening Price for Ishares Msci Japan Sri Ucits Etf of Thursday, June 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.