Ubs Etf - Msci China Esg Universal Ucits ETF Forecast

Red day on Tuesday for Ubs Etf - Msci China Esg Universal Ucits
(Updated on Jun 25, 2024)

CNSG.L Signals & Forecast

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. The Ubs Etf - Msci China Esg Universal Ucits 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 £637.14 and £655.30. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -10.39%. Further fall is indicated until a new bottom pivot has been found. Ubs Etf - Msci China Esg Universal Ucits gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The ETF had a Golden Star Signal on Tuesday, April 02, 2024 in the long-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 ETF in question.

Support, Risk & Stop-loss for Ubs Etf - Msci China Esg Universal Ucits ETF

Ubs Etf - Msci China Esg Universal Ucits finds support from accumulated volume at £604.05 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved £3.50 between high and low, or 0.557%. For the last week the ETF has had daily average volatility of 0.124%.

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

Trading Expectations (CNSG.L) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Ubs Etf - Msci China Esg Universal Ucits Etf to open at £629.57, and during the day (based on 14 day Average True Range), to move between £622.38 and £636.12, which gives a possible trading interval of +/-£6.87 (+/-1.09%) up or down from last closing price. If Ubs Etf - Msci China Esg Universal Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £634.95 (0.91%) than the support at £604.05 (4.00%), 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 Ubs Etf - Msci China Esg Universal Ucits Etf ETF A Buy?

The Ubs Etf - Msci China Esg Universal Ucits ETF holds several negative signals and despite the positive trend, we believe Ubs Etf - Msci China Esg Universal Ucits will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -2.066 Sell Candidate Unchanged

Predicted Opening Price for Ubs Etf - Msci China Esg Universal Ucits Etf of Wednesday, June 26, 2024

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