XTRACKERS MSCI JAPAN HEDGED EQUITY ETF Forecast

Green day on Tuesday for XTRACKERS MSCI JAPAN HEDGED EQUITY ETF after gaining 1.60%
(Updated on Jun 25, 2024)

DBJP Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 2.54%. Further rise is indicated until a new top pivot has been found. XTRACKERS MSCI JAPAN HEDGED EQUITY has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The XTRACKERS MSCI JAPAN HEDGED EQUITY ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $74.75. On a fall, the ETF will find some support from the short-term average at $74.02. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for XTRACKERS MSCI JAPAN HEDGED EQUITY ETF

XTRACKERS MSCI JAPAN HEDGED EQUITY finds support from accumulated volume at $73.78 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 $0.401 between high and low, or 0.543%. For the last week the ETF has had daily average volatility of 0.579%.

Our recommended stop-loss: $70.20 (-5.59%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (DBJP) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect XTRACKERS MSCI JAPAN HEDGED EQUITY ETF to open at $74.25, and during the day (based on 14 day Average True Range), to move between $73.46 and $75.26, which gives a possible trading interval of +/-$0.90 (+/-1.21%) up or down from last closing price. If XTRACKERS MSCI JAPAN HEDGED EQUITY ETF takes out the full calculated possible swing range there will be an estimated 2.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $74.55 (0.26%) than the support at $73.78 (0.78%), 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 JAPAN HEDGED EQUITY ETF ETF A Buy?

XTRACKERS MSCI JAPAN HEDGED EQUITY holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.258 Hold/Accumulate Unchanged

Predicted Opening Price for XTRACKERS MSCI JAPAN HEDGED EQUITY ETF of Wednesday, June 26, 2024

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