Xtrackers Semiconductor Select Equity 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
Stronger technical forecast for Xtrackers Semiconductor Select Equity ETF price after Tuesday trading.
(Updated on Jun 25, 2024)
The Xtrackers Semiconductor Select Equity ETF price gained 0.82% on the last trading day (Tuesday, 25th Jun 2024), rising from $35.40 to $35.69. During the last trading day the ETF fluctuated 1.02% from a day low at $35.33 to a day high of $35.69. The price has risen in 6 of the last 10 days and is up by 0.51% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 2 thousand shares were bought and sold for approximately $56.46 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 14.55% during the next 3 months and, with a 90% probability hold a price between $37.65 and $43.16 at the end of this 3-month period.
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CHPS Signals & Forecast
The Xtrackers Semiconductor Select Equity ETF 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 ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $36.35. On a fall, the ETF will find some support from the long-term average at approximately $34.59. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -4.50%. Further fall is indicated until a new bottom pivot has been found. 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
Xtrackers Semiconductor Select Equity finds support from accumulated volume at $35.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.360 between high and low, or 1.02%. For the last week the ETF has had daily average volatility of 1.38%.
Our recommended stop-loss: $33.81 (-5.26%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (CHPS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Xtrackers Semiconductor Select Equity Etf to open at $35.57, and during the day (based on 14 day Average True Range), to move between $35.17 and $36.21, which gives a possible trading interval of +/-$0.523 (+/-1.46%) 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 2.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $35.40 (0.81%) than the resistance at $36.21 (1.46%), 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 Semiconductor Select Equity Etf ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Xtrackers Semiconductor Select Equity ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.356 Buy Candidate Upgraded
Predicted Opening Price for Xtrackers Semiconductor Select Equity Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $35.57 ( 0.336%) | $35.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHPS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.93 | 0.672% |
| R2 | 35.79 | 0.287% |
| R1 | 35.71 | 0.0491% |
| Price | 35.69 | |
| S1 | 35.43 | -0.722% |
| S2 | 35.35 | -0.96% |
| S3 | 35.21 | -1.34% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.59 | 2.51% |
| R2 | 36.30 | 1.71% |
| R1 | 36.21 | 1.46% |
| Price | 35.69 | |
| S1 | 35.40 | -0.81% |
| S2 | 34.45 | -3.47% |
| S3 | 30.24 | -15.27% |
CHPS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 15, 2024 | Mar 22, 2024 | $0.0531 | 0.161% |
| 2 | Dec 14, 2023 | Dec 15, 2023 | Dec 22, 2023 | $0.0849 | 0.303% |
| 3 | Sep 14, 2023 | Sep 15, 2023 | Sep 22, 2023 | $0.0186 | 0.0814% |
FAQ
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