Ubs (irl) Fund Solutions Plc - Cmci ETF Forecast
Red day on Tuesday for Ubs (irl) Fund Solutions Plc - Cmci ETF after losing 0.281%
(Updated on Jun 25, 2024)
The Ubs (irl) Fund Solutions Plc - Cmci ETF price fell by -0.281% on the last day (Tuesday, 25th Jun 2024) from 99.51€ to 99.23€. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.373% from a day low at 99.23€ to a day high of 99.60€. The price has been going up and down for this period, and there has been a -0.24% loss for the last 2 weeks. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 thousand shares were bought and sold for approximately 444.25€ thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ubs (irl) Fund Solutions Plc - Cmci ETF with a 90% probability to be traded between 98.23€ and 102.96€ 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.
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UIQK.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 1.93%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ubs (irl) Fund Solutions Plc - Cmci 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 99.60€ and 99.78€. A break-up above any of these levels will issue buy signals. Ubs (irl) Fund Solutions Plc - Cmci 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 Thursday, March 07, 2024 in the long-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 12 Months
The ETF had a Golden Star Signal on Thursday, March 07, 2024 in the long-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 Ubs (irl) Fund Solutions Plc - Cmci ETF
Ubs (irl) Fund Solutions Plc - Cmci finds support from accumulated volume at 98.88€ 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 0.370€ between high and low, or 0.373%. For the last week the ETF has had daily average volatility of 0.416%.
Our recommended stop-loss: 94.68€ (-4.59%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (UIQK.F) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Ubs (irl) Fund Solutions Plc - Cmci Composite Sf Ucits Etf to open at 99.35€, and during the day (based on 14 day Average True Range), to move between 98.39€ and 100.07€, which gives a possible trading interval of +/-0.84€ (+/-0.84%) up or down from last closing price. If Ubs (irl) Fund Solutions Plc - Cmci Composite Sf Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 99.56€ (0.33%) than the support at 98.88€ (0.35%), 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 Ubs (irl) Fund Solutions Plc - Cmci Composite Sf Ucits Etf ETF A Buy?
Ubs (irl) Fund Solutions Plc - Cmci 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.
Current score: -0.058 Hold/Accumulate Unchanged
Predicted Opening Price for Ubs (irl) Fund Solutions Plc - Cmci Composite Sf Ucits Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 99.35€ ( 0.124%) | 99.23€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UIQK.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 99.72 | 0.497% |
| R2 | 99.58 | 0.355% |
| R1 | 99.49 | 0.267% |
| Price | 99.23 | |
| S1 | 99.21 | -0.0181% |
| S2 | 99.12 | -0.106% |
| S3 | 98.98 | -0.249% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 100.86 | 1.64% |
| R2 | 100.20 | 0.98% |
| R1 | 99.56 | 0.333% |
| Price | 99.23 | |
| S1 | 98.88 | -0.353% |
| S2 | 97.86 | -1.38% |
| S3 | 97.56 | -1.68% |
FAQ
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