RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BRSC.L
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Evaluation of IQ BEAR U.S. SMALL CAP ETF stock downgraded after the last trading session.
(Updated on Mar 27, 2024)

Sell candidate since Mar 27, 2024 PDF

The IQ BEAR U.S. SMALL CAP ETF stock price fell by -0.594% on the last day (Wednesday, 27th Mar 2024) from £1,346.00 to £1,338.00. During the last trading day the stock fluctuated 1.11% from a day low at £1,331.92 to a day high of £1,346.75. The price has been going up and down for this period, and there has been a -1.18% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -48 thousand shares and in total, 64 thousand shares were bought and sold for approximately £85.34 million.

The stock 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 IQ BEAR U.S. SMALL CAP ETF stock with a 90% probability to be traded between £1,293.39 and £1,330.84 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks 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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BRSC.L Signals & Forecast

The IQ BEAR U.S. SMALL CAP ETF stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £1,338.86. On a fall, the stock will find some support from the long-term average at approximately £1,337.37. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 0.90%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Monday, March 04, 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 stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Monday, March 04, 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 stock in question.
Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Tuesday, March 19, 2024 and based on theory for this formation the price should go up by 1.46% to £1,357.60 within 25 trading days since signal was issued (Thursday, March 28, 2024).

Support, Risk & Stop-loss for IQ BEAR U.S. SMALL CAP ETF stock

IQ BEAR U.S. SMALL CAP ETF finds support from accumulated volume at £1,336.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £14.83 between high and low, or 1.11%. For the last week the stock has had daily average volatility of 1.31%.

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

Trading Expectations (BRSC.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect IQ BEAR U.S. SMALL CAP ETF to open at £1,338.89, and during the day (based on 14 day Average True Range), to move between £1,320.58 and £1,355.42, which gives a possible trading interval of +/-£17.42 (+/-1.30%) up or down from last closing price. If IQ BEAR U.S. SMALL CAP ETF takes out the full calculated possible swing range there will be an estimated 2.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £1,340.00 (0.15%) than the support at £1,336.00 (0.15%), 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 IQ BEAR U.S. SMALL CAP ETF stock A Buy?

IQ BEAR U.S. SMALL CAP 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 stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.054 Sell Candidate Downgraded

Predicted Opening Price for IQ BEAR U.S. SMALL CAP ETF of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£1,338.89 ( 0.0665%) £1,338.00

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

Trading levels for BRSC.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1,353.72 1.17 %
R2 1,348.05 0.751 %
R1 1,344.56 0.490 %
Current price: 1,338.00
Support S1 1,333.22 -0.357 %
S2 1,329.73 -0.618 %
S3 1,324.06 -1.04 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1,362.00 1.79 %
R2 1,358.00 1.49 %
R1 1,340.00 0.149 %
Current price 1,338.00
Support S1 1,336.00 -0.149%
S2 1,330.00 -0.598%
S3 1,324.00 -1.05%

BRSC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 02, 2023 Nov 02, 2023 Nov 02, 2023 £0.150 0.0124%
2 May 18, 2023 May 18, 2023 May 18, 2023 £25.50 1.94%
3 Nov 03, 2022 Nov 10, 2022 Dec 09, 2022 £14.50 1.09%
4 Apr 29, 2022 May 12, 2022 Jun 17, 2022 £22.00 1.67%
5 Nov 02, 2021 Nov 11, 2021 Dec 02, 2021 £13.00 0.648%

FAQ

What is the symbol for IQ BEAR U.S. SMALL CAP ETF Stock and on which exchange is it traded?
The symbol for IQ BEAR U.S. SMALL CAP ETF is BRSC.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell IQ BEAR U.S. SMALL CAP ETF Stock?
IQ BEAR U.S. SMALL CAP 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 stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy IQ BEAR U.S. SMALL CAP ETF Stock?
IQ BEAR U.S. SMALL CAP ETF Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy IQ BEAR U.S. SMALL CAP ETF Stock.

What's the current price of IQ BEAR U.S. SMALL CAP ETF Stock?
As of the end of day on the 2024-03-27, the price of an IQ BEAR U.S. SMALL CAP ETF (BRSC.L) share was £1,338.00.

What is the 52-week high and low for IQ BEAR U.S. SMALL CAP ETF Stock?
The 52-week high for IQ BEAR U.S. SMALL CAP ETF Stock is £1,388.00 and the 52-week low is £1,146.00.

What is the market capitalization of IQ BEAR U.S. SMALL CAP ETF Stock?
As of the 2024-03-27, the market capitalization of IQ BEAR U.S. SMALL CAP ETF is 636.256M.

When is the next earnings date for IQ BEAR U.S. SMALL CAP ETF?
The upcoming earnings date for IQ BEAR U.S. SMALL CAP ETF is May 03, 2024.
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About IQ BEAR U.S. SMALL CAP ETF

BlackRock Smaller Companies Trust plc is a closed ended equity mutual fund launched by BlackRock Fund Managers Limited. The fund is managed by BlackRock Investment Managers (UK) Limited. It invests in public equity markets of the United Kingdom. The fund seeks to invest in the stocks of companies operating across diversified sectors including support services, software and computer services, media and entertainment, construction and building mate... BRSC.L Profile

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