XTRACKERS MSCI JAPAN HEDGED EQUITY ETF Forecast
XTRACKERS MSCI JAPAN HEDGED EQUITY ETF upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The XTRACKERS MSCI JAPAN HEDGED EQUITY ETF price gained 0.368% on the last trading day (Friday, 28th Jun 2024), rising from $74.97 to $75.25. It has now gained 5 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 0.97% from a day low at $75.25 to a day high of $75.98. The price has risen in 8 of the last 10 days and is up by 0.96% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 123 thousand more shares were traded than the day before. In total, 142 thousand shares were bought and sold for approximately $10.70 million.
The ETF lies in the middle of a weak 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 2.62% during the next 3 months and, with a 90% probability hold a price between $74.58 and $78.84 at the end of this 3-month period.
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DBJP Signals & Forecast
The XTRACKERS MSCI JAPAN HEDGED EQUITY ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $74.25 and $74.80. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 3.76%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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).
Support, Risk & Stop-loss for XTRACKERS MSCI JAPAN HEDGED EQUITY ETF
XTRACKERS MSCI JAPAN HEDGED EQUITY finds support from accumulated volume at $74.61 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 $0.733 between high and low, or 0.97%. For the last week the ETF has had daily average volatility of 0.615%.
Our recommended stop-loss: $71.11 (-5.49%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (DBJP) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect XTRACKERS MSCI JAPAN HEDGED EQUITY ETF to open at $75.49, and during the day (based on 14 day Average True Range), to move between $74.40 and $76.09, which gives a possible trading interval of +/-$0.84 (+/-1.12%) 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 2.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $75.71 (0.62%) than the support at $74.61 (0.85%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for XTRACKERS MSCI JAPAN HEDGED EQUITY ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.120 Buy Candidate Upgraded
Predicted Opening Price for XTRACKERS MSCI JAPAN HEDGED EQUITY ETF of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $75.49 ( 0.325%) | $75.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DBJP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 76.22 | 1.30% |
| R2 | 75.94 | 0.93% |
| R1 | 75.77 | 0.697% |
| Price | 75.25 | |
| S1 | 75.21 | -0.0474% |
| S2 | 75.04 | -0.277% |
| S3 | 74.76 | -0.649% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 76.02 | 1.03% |
| R2 | 75.84 | 0.788% |
| R1 | 75.71 | 0.615% |
| Price | 75.25 | |
| S1 | 74.61 | -0.85% |
| S2 | 73.78 | -1.95% |
| S3 | 71.64 | -4.79% |
DBJP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.155 | 0.256% |
| 2 | Feb 21, 2023 | Jun 23, 2023 | Jun 30, 2023 | $3.08 | 5.23% |
| 3 | Mar 04, 2022 | Dec 16, 2022 | Dec 23, 2022 | $0.0190 | 0.0387% |
| 4 | Mar 04, 2022 | Jun 24, 2022 | Jul 01, 2022 | $0.366 | 0.773% |
| 5 | Dec 16, 2021 | Dec 17, 2021 | Dec 27, 2021 | $0.0100 | 0.0197% |
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