Xtrackers MSCI Europe Hedged Equity ETF Forecast
Xtrackers MSCI Europe Hedged Equity ETF upgraded to Hold/Accumulate.
(Updated on Jun 26, 2024)
The Xtrackers MSCI Europe Hedged Equity ETF price fell by -0.692% on the last day (Wednesday, 26th Jun 2024) from $41.92 to $41.63. During the last trading day the ETF fluctuated 0.577% from a day low at $41.57 to a day high of $41.81. The price has risen in 6 of the last 10 days but is still down by -0.79% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -27 thousand shares and in total, 14 thousand shares were bought and sold for approximately $572.62 thousand.
The ETF lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $41.53 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 5.26% during the next 3 months and, with a 90% probability hold a price between $43.72 and $45.37 at the end of this 3-month period.
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DBEU Signals & Forecast
There are few to no technical positive signals at the moment. The Xtrackers MSCI Europe Hedged Equity 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 $41.80 and $42.16. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -2.39%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Xtrackers MSCI Europe Hedged Equity ETF
Xtrackers MSCI Europe Hedged Equity finds support from accumulated volume at $41.17 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 $0.240 between high and low, or 0.577%. For the last week the ETF has had daily average volatility of 0.693%
Our recommended stop-loss: $39.83 (-4.33%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (DBEU) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Xtrackers MSCI Europe Hedged Equity ETF to open at $41.67, and during the day (based on 14 day Average True Range), to move between $41.23 and $42.03, which gives a possible trading interval of +/-$0.399 (+/-0.96%) up or down from last closing price. If Xtrackers MSCI Europe Hedged Equity ETF takes out the full calculated possible swing range there will be an estimated 1.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $41.85 (0.53%) than the support at $41.17 (1.10%), 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 Xtrackers MSCI Europe Hedged Equity ETF ETF A Buy?
Xtrackers MSCI Europe Hedged Equity holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.783 Hold/Accumulate Upgraded
Predicted Opening Price for Xtrackers MSCI Europe Hedged Equity ETF of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $41.67 ( 0.0961%) | $41.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DBEU
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.91 | 0.673% |
| R2 | 41.82 | 0.452% |
| R1 | 41.76 | 0.316% |
| Price | 41.63 | |
| S1 | 41.58 | -0.124% |
| S2 | 41.52 | -0.260% |
| S3 | 41.43 | -0.480% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.20 | 1.37% |
| R2 | 42.05 | 1.02% |
| R1 | 41.85 | 0.528% |
| Price | 41.63 | |
| S1 | 41.17 | -1.10% |
| S2 | 41.16 | -1.13% |
| S3 | 41.05 | -1.39% |
DBEU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2023 | Jun 23, 2023 | Jun 30, 2023 | $1.38 | 3.79% |
| 2 | Mar 04, 2022 | Dec 16, 2022 | Dec 23, 2022 | $0.143 | 0.424% |
| 3 | Mar 04, 2022 | Jun 24, 2022 | Jul 01, 2022 | $0.511 | 1.62% |
| 4 | Feb 05, 2021 | Dec 17, 2021 | Dec 27, 2021 | $0.112 | 0.306% |
| 5 | Feb 05, 2021 | Jun 25, 2021 | Jul 02, 2021 | $0.569 | 1.66% |
FAQ
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