Xtrackers Harvest Ftse China A-h 50 ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for Xtrackers Harvest Ftse China A-h 50 as ETF downgraded to Sell Candidate.
(Updated on Jun 28, 2024)
The Xtrackers Harvest Ftse China A-h 50 ETF price fell by -0.0223% on the last day (Friday, 28th Jun 2024) from 22.47€ to 22.46€. During the last trading day the ETF fluctuated 0.445% from a day low at 22.46€ to a day high of 22.56€. The price has been going up and down for this period, and there has been a -1.17% loss for the last 2 weeks. 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 -369 shares and in total, 47 shares were bought and sold for approximately 1.06€ thousand.
The ETF has broken the 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 22.61€. A reaction back to this level may hold a second chance to get out before further falls.
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AH50.F Signals & Forecast
There are mixed signals in the ETF today. The Xtrackers Harvest Ftse China A-h 50 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 22.68€ and 23.09€. A break-up above any of these levels will issue buy signals. 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 buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 0.0223%. 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).
Support, Risk & Stop-loss for Xtrackers Harvest Ftse China A-h 50 ETF
Xtrackers Harvest Ftse China A-h 50 finds support from accumulated volume at 22.34€ 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 0.1000€ between high and low, or 0.445%. For the last week the ETF has had daily average volatility of 0.81%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AH50.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xtrackers Harvest Ftse China A-h 50 Ucits Etf to open at 22.49€, and during the day (based on 14 day Average True Range), to move between 22.24€ and 22.68€, which gives a possible trading interval of +/-0.223€ (+/-0.99%) up or down from last closing price. If Xtrackers Harvest Ftse China A-h 50 Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 22.34€ (0.53%) than the resistance at 22.63€ (0.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xtrackers Harvest Ftse China A-h 50 Ucits Etf ETF A Buy?
Xtrackers Harvest Ftse China A-h 50 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 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: -1.324 Sell Candidate Downgraded
Predicted Opening Price for Xtrackers Harvest Ftse China A-h 50 Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 22.49€ ( 0.148%) | 22.46€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AH50.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.59 | 0.594% |
| R2 | 22.56 | 0.424% |
| R1 | 22.53 | 0.318% |
| Price | 22.46 | |
| S1 | 22.46 | -0.0217% |
| S2 | 22.43 | -0.127% |
| S3 | 22.39 | -0.297% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.90 | 1.96% |
| R2 | 22.63 | 0.757% |
| R1 | 22.63 | 0.735% |
| Price | 22.46 | |
| S1 | 22.34 | -0.534% |
| S2 | 22.13 | -1.47% |
| S3 | 21.87 | -2.63% |
AH50 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Feb 21, 2024 | Mar 07, 2024 | 0.330€ | 0% |
| 2 | Aug 23, 2023 | Aug 23, 2023 | Sep 07, 2023 | 0.252€ | 0% |
| 3 | Feb 08, 2023 | Feb 08, 2023 | Feb 24, 2023 | 0.342€ | 0% |
| 4 | Aug 10, 2022 | Aug 10, 2022 | Aug 25, 2022 | 0.256€ | 0% |
| 5 | Apr 27, 2022 | Apr 27, 2022 | May 03, 2022 | 0.537€ | 0% |
FAQ
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