Xtrackers Semiconductor Select Equity ETF Forecast

Xtrackers Semiconductor Select Equity ETF upgraded from Buy Candidate to Strong Buy Candidate after Monday trading session.
(Updated on Jun 17, 2024)

CHPS Signals & Forecast

The Xtrackers Semiconductor Select Equity ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $36.03 and $33.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 25.55%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Xtrackers Semiconductor Select Equity ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $32.95 and $32.05. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Xtrackers Semiconductor Select Equity finds support just below today's level at $32.95. If this is broken, then the next support from accumulated volume will be at $32.05 and $30.24.

In general the ETF tends to have controlled movements and therefore the general risk is considered 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 $0.390 between high and low, or 1.07%. For the last week the ETF has had daily average volatility of 0.589%.

Our recommended stop-loss: $35.70 (-3.24%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 70 days ago.)

Trading Expectations (CHPS) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Xtrackers Semiconductor Select Equity Etf to open at $36.77, and during the day (based on 14 day Average True Range), to move between $36.42 and $37.38, which gives a possible trading interval of +/-$0.477 (+/-1.29%) up or down from last closing price. If Xtrackers Semiconductor Select Equity Etf takes out the full calculated possible swing range there will be an estimated 2.58% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $32.95, some $3.95 (10.70%) from the current price of $36.90, our system finds the risk reward attractive.

Is Xtrackers Semiconductor Select Equity Etf ETF A Buy?

Xtrackers Semiconductor Select Equity holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.219 Strong Buy Candidate Upgraded

Predicted Opening Price for Xtrackers Semiconductor Select Equity Etf of Tuesday, June 18, 2024

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