Xtrackers Nifty 50 Swap Ucits Etf ETF Forecast

Xtrackers Nifty 50 Swap Ucits Etf ETF price down 0.0193% on Friday
(Updated on Jun 28, 2024)

DBX7.F Signals & Forecast

The Xtrackers Nifty 50 Swap Ucits Etf 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 255.94€ and 246.63€. A breakdown below any of these levels will issue sell signals. 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 Thursday, June 27, 2024, and so far it has fallen -0.0193%. Further fall is indicated until a new bottom pivot has been found. Xtrackers Nifty 50 Swap Ucits Etf gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The ETF had a Golden Star Signal on Tuesday, November 28, 2023 in the long-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 Xtrackers Nifty 50 Swap Ucits Etf ETF

Xtrackers Nifty 50 Swap Ucits Etf finds support from accumulated volume at 250.30€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved 1.45€ between high and low, or 0.560%. For the last week, the ETF has had daily average volatility of 0.593%.

The Xtrackers Nifty 50 Swap Ucits Etf ETF is overbought on RSI14 and the RSI has been falling for the last couple of days. This together with the fact that the ETF is in the upper part of the trend poses a possible good selling opportunity for the short-term trader. However, one should note that some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.

Our recommended stop-loss: 253.28€ (-2.34%) (This ETF has medium daily movements and this gives medium risk. The RSI14 is 83 and this increases the risk substantially. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (DBX7.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Xtrackers Nifty 50 Swap Ucits Etf to open at 259.57€, and during the day (based on 14 day Average True Range), to move between 256.84€ and 261.86€, which gives a possible trading interval of +/-2.51€ (+/-0.97%) up or down from last closing price. If Xtrackers Nifty 50 Swap Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 259.40€ (0.02%) than the support at 250.30€ (3.49%), 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 Nifty 50 Swap Ucits Etf ETF A Buy?

Xtrackers Nifty 50 Swap Ucits Etf 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: 0.872 Hold/Accumulate Unchanged

Predicted Opening Price for Xtrackers Nifty 50 Swap Ucits Etf of Monday, July 1, 2024

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