Xtrackers Ii Eur Corporate Bond Ucits ETF Forecast
Green day on Thursday for Xtrackers Ii Eur Corporate Bond Ucits ETF after gaining 0.0790%
(Updated on Jul 04, 2024)
The Xtrackers Ii Eur Corporate Bond Ucits ETF price gained 0.0790% on the last trading day (Thursday, 4th Jul 2024), rising from 151.82€ to 151.94€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.148% from a day low at 151.75€ to a day high of 151.98€. The price has risen in 7 of the last 10 days and is up by 0.27% over the past 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 2 thousand shares were bought and sold for approximately 245.07€ 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 ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 152.12€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Xtrackers Ii Eur Corporate Bond Ucits ETF with a 90% probability to be traded between 151.49€ and 153.01€ 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 ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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D5BG.F Signals & Forecast
The Xtrackers Ii Eur Corporate Bond Ucits 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 151.63€ and 151.19€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 1.11%. 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 also not. The ETF had a Golden Star Signal on Tuesday, June 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, October 09, 2023.
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.
Golden Star
The ETF had a Golden Star Signal on Tuesday, June 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, October 09, 2023.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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Tuesday, June 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, October 09, 2023.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.
A buy signal from a double bottom formation was found on Wednesday, May 29, 2024 and based on theory for this formation the price should go up by 0.220% to 152.27€ within 23 trading days (Monday, July 01, 2024) since signal was issued.
Support, Risk & Stop-loss for Xtrackers Ii Eur Corporate Bond Ucits ETF
Xtrackers Ii Eur Corporate Bond Ucits finds support from accumulated volume at 150.99€ 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 0.225€ between high and low, or 0.148%. For the last week the ETF has had daily average volatility of 0.296%
Our recommended stop-loss: 139.91€ (-7.91%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (D5BG.F) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Xtrackers Ii Eur Corporate Bond Ucits Etf to open at 151.89€, and during the day (based on 14 day Average True Range), to move between 151.44€ and 152.43€, which gives a possible trading interval of +/-0.497€ (+/-0.33%) up or down from last closing price. If Xtrackers Ii Eur Corporate Bond Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.65% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 150.99€, some 0.94€ (0.62%) from the current price of 151.94€, our system finds the risk reward attractive.
Is Xtrackers Ii Eur Corporate Bond Ucits Etf ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Xtrackers Ii Eur Corporate Bond Ucits ETF to perform well in the short-term period.
Current score: 1.323 Buy Candidate Unchanged
Predicted Opening Price for Xtrackers Ii Eur Corporate Bond Ucits Etf of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| 151.89€ ( 0.0318%) | 151.94€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for D5BG.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 152.11 | 0.116% |
| R2 | 152.03 | 0.0597% |
| R1 | 151.97 | 0.0248% |
| Price | 151.94 | |
| S1 | 151.80 | -0.0884% |
| S2 | 151.75 | -0.123% |
| S3 | 151.66 | -0.180% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 151.94 | |
| S1 | 150.99 | -0.622% |
| S2 | 150.77 | -0.767% |
| S3 | 150.27 | -1.10% |
FAQ
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