IQ BEAR U.S. SMALL CAP ETF Stock Forecast
Evaluation of IQ BEAR U.S. SMALL CAP ETF stock downgraded after the last trading session.
(Updated on Mar 27, 2024)
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.
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.
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
# | 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
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