Horizons DAX Germany ETF Forecast
Green day on Wednesday for Horizons DAX Germany
(Updated on Mar 27, 2024)
The Horizons DAX Germany ETF price gained 1.15% on the last trading day (Wednesday, 27th Mar 2024), rising from $33.15 to $33.53. It has now gained 4 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 0.419% from a day low at $33.39 to a day high of $33.53. The price has risen in 7 of the last 10 days and is up by 1.95% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 6 thousand shares were bought and sold for approximately $207.32 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 narrow 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 10.27% during the next 3 months and, with a 90% probability hold a price between $35.72 and $37.48 at the end of this 3-month period.
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DAX Signals & Forecast
The Horizons DAX Germany 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 $33.05 and $31.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 17, 2024, and so far it has risen 12.33%. 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 Monday, January 22, 2024 in the short-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.
Golden Star
The ETF had a Golden Star Signal on Monday, January 22, 2024 in the short-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 Horizons DAX Germany ETF
Horizons DAX Germany finds support from accumulated volume at $32.50 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 $0.140 between high and low, or 0.419%. For the last week the ETF has had daily average volatility of 0.453%
Our recommended stop-loss: $32.47 (-3.16%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 49 days ago.)
Trading Expectations (DAX) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Horizons DAX Germany ETF to open at $33.48, and during the day (based on 14 day Average True Range), to move between $33.24 and $33.82, which gives a possible trading interval of +/-$0.285 (+/-0.85%) up or down from last closing price. If Horizons DAX Germany ETF takes out the full calculated possible swing range there will be an estimated 1.70% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $32.50, some $1.03 (3.07%) from the current price of $33.53, our system finds the risk reward attractive.
Is Horizons DAX Germany ETF ETF A Buy?
Horizons DAX Germany 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.
Current score: 7.420 Strong Buy Candidate Unchanged
Predicted Opening Price for Horizons DAX Germany ETF of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$33.48 ( 0.139%) | $33.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DAX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 33.62 | 0.278 % | |
R2 | 33.57 | 0.119 % | ||
R1 | 33.54 | 0.0203 % | ||
Current price: | 33.53 | |||
Support | S1 | 33.43 | -0.299 % | |
S2 | 33.40 | -0.397 % | ||
S3 | 33.34 | -0.557 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 33.53 | |||
Support | S1 | 32.50 | -3.07% | |
S2 | 30.59 | -8.77% | ||
S3 | 30.31 | -9.60% |
DAX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 28, 2023 | Dec 28, 2023 | Jan 08, 2024 | $0.113 | 0.367% |
2 | Jun 28, 2023 | Jun 29, 2023 | Jul 10, 2023 | $0.651 | 2.25% |
3 | Dec 28, 2022 | Dec 29, 2022 | Jan 09, 2023 | $0.111 | 0.406% |
4 | Jun 28, 2022 | Jun 29, 2022 | Jul 08, 2022 | $0.606 | 2.64% |
5 | Dec 29, 2021 | Dec 30, 2021 | Jan 07, 2022 | $0.333 | 1.03% |
FAQ
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