Xtrackers Shortdax X2 Daily Swap Ucits ETF Forecast

Xtrackers Shortdax X2 Daily Swap Ucits ETF price ended at 0.92€ on Friday, after losing 0.420%.
(Updated on Jun 28, 2024)

DBPD.F Signals & Forecast

The Xtrackers Shortdax X2 Daily Swap Ucits ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately 0.93€. On a fall, the ETF will find some support from the long-term average at approximately 0.90€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -2.22%. Further fall is indicated until a new bottom pivot has been found. 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 Shortdax X2 Daily Swap Ucits ETF

Xtrackers Shortdax X2 Daily Swap Ucits finds support from accumulated volume at 0.92€ 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 controlled movements and therefore the general risk is considered 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 0.0143€ between high and low, or 1.57%. For the last week the ETF has had daily average volatility of 1.86%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DBPD.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Xtrackers Shortdax X2 Daily Swap Ucits Etf to open at 0.92€, and during the day (based on 14 day Average True Range), to move between 0.90€ and 0.94€, which gives a possible trading interval of +/-0.0188€ (+/-2.04%) up or down from last closing price. If Xtrackers Shortdax X2 Daily Swap Ucits Etf takes out the full calculated possible swing range there will be an estimated 4.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 0.92€ (0.26%) than the resistance at 0.94€ (1.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Xtrackers Shortdax X2 Daily Swap Ucits Etf ETF A Buy?

Xtrackers Shortdax X2 Daily Swap Ucits holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -1.158 Sell Candidate Unchanged

Predicted Opening Price for Xtrackers Shortdax X2 Daily Swap Ucits Etf of Monday, July 1, 2024

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