Ishares Vii Plc -ishares Core Msci Emu ETF Forecast

Ishares Vii Plc -ishares Core Msci Emu ETF downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jun 26, 2024)

SXR7.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.26%. 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. The Ishares Vii Plc -ishares Core Msci Emu ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 175.39€ and 178.26€. A break-up above any of these levels will issue buy signals. 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 ETF had a Golden Star Signal on Monday, April 22, 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.

Support, Risk & Stop-loss for Ishares Vii Plc -ishares Core Msci Emu ETF

Ishares Vii Plc -ishares Core Msci Emu finds support from accumulated volume at 173.86€ 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 2.90€ between high and low, or 1.67%. For the last week the ETF has had daily average volatility of 0.92%

Our recommended stop-loss: 164.56€ (-6.01%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (SXR7.F) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Ishares Vii Plc -ishares Core Msci Emu Ucits Etf Eur (acc) to open at 175.42€, and during the day (based on 14 day Average True Range), to move between 173.19€ and 176.97€, which gives a possible trading interval of +/-1.89€ (+/-1.08%) up or down from last closing price. If Ishares Vii Plc -ishares Core Msci Emu Ucits Etf Eur (acc) takes out the full calculated possible swing range there will be an estimated 2.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 175.24€ (0.09%) than the support at 173.86€ (0.70%), 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 Vii Plc -ishares Core Msci Emu Ucits Etf Eur (acc) ETF A Buy?

Ishares Vii Plc -ishares Core Msci Emu holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.446 Hold/Accumulate Downgraded

Predicted Opening Price for Ishares Vii Plc -ishares Core Msci Emu Ucits Etf Eur (acc) of Thursday, June 27, 2024

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