Ishares Msci World Health Care ETF Forecast
Evaluation of Ishares Msci World Health Care ETF downgraded after the last trading session.
(Updated on Jul 03, 2024)
The Ishares Msci World Health Care ETF price fell by -0.98% on the last day (Wednesday, 3rd Jul 2024) from 4.87€ to 4.82€. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 1.43% from a day low at 4.82€ to a day high of 4.89€. The price has fallen in 6 of the last 10 days and is down by -1.16% for this period. 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 -4 thousand shares and in total, 12 thousand shares were bought and sold for approximately 58.38€ thousand.
The ETF has broken the narrow and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at 4.84€. A reaction back to this level may hold a second chance to get out before further falls.
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WHCA.AS Signals & Forecast
There are few to no technical positive signals at the moment. The Ishares Msci World Health Care ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 4.92€ and 4.91€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -3.30%. Further fall is indicated until a new bottom pivot has been found. 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.
A sell signal from a double top formation was found on Tuesday, June 11, 2024 and based on theory for this formation the price should fall by -2.16% to 4.72€ within 18 trading days (Friday, July 05, 2024) since signal was issued.
Support, Risk & Stop-loss for Ishares Msci World Health Care ETF
Ishares Msci World Health Care finds support from accumulated volume at 4.82€ 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 0.0689€ between high and low, or 1.43%. For the last week the ETF has had daily average volatility of 0.85%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WHCA.AS) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Ishares Msci World Health Care to open at 4.84€, and during the day (based on 14 day Average True Range), to move between 4.78€ and 4.86€, which gives a possible trading interval of +/-0.0383€ (+/-0.79%) up or down from last closing price. If Ishares Msci World Health Care takes out the full calculated possible swing range there will be an estimated 1.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 4.82€ (0.01%) than the resistance at 4.83€ (0.19%), 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 World Health Care ETF A Buy?
The Ishares Msci World Health Care ETF holds several negative signals and despite the positive trend, we believe Ishares Msci World Health Care will perform weakly in the next couple of days or weeks. Therefore, we 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: -3.682 Sell Candidate Downgraded
Predicted Opening Price for Ishares Msci World Health Care of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| 4.84€ ( 0.476%) | 4.82€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WHCA.AS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.91 | 1.91% |
| R2 | 4.89 | 1.36% |
| R1 | 4.87 | 1.02% |
| Price | 4.82 | |
| S1 | 4.82 | -0.0696% |
| S2 | 4.80 | -0.407% |
| S3 | 4.77 | -0.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.89 | 1.34% |
| R2 | 4.84 | 0.402% |
| R1 | 4.83 | 0.195% |
| Price | 4.82 | |
| S1 | 4.82 | -0.0124% |
| S2 | 4.81 | -0.220% |
| S3 | 4.76 | -1.26% |
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