Xtrackers Ftse Mib Ucits Etf ETF Forecast

Xtrackers Ftse Mib Ucits Etf ETF upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jun 26, 2024)

DBXI.F Signals & Forecast

There are mixed signals in the ETF today. The Xtrackers Ftse Mib Ucits Etf 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 34.17€. On a fall, the ETF will find some support from the short-term average at 33.52€. 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). Xtrackers Ftse Mib 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". A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 2.91%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Xtrackers Ftse Mib Ucits Etf ETF

Xtrackers Ftse Mib Ucits Etf finds support from accumulated volume at 33.57€ 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 0.385€ between high and low, or 1.15%. For the last week the ETF has had daily average volatility of 1.04%.

Our recommended stop-loss: 31.99€ (-4.75%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)

Trading Expectations (DBXI.F) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Xtrackers Ftse Mib Ucits Etf to open at 33.66€, and during the day (based on 14 day Average True Range), to move between 33.17€ and 34.00€, which gives a possible trading interval of +/-0.414€ (+/-1.23%) up or down from last closing price. If Xtrackers Ftse Mib Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 33.57€ (0.06%) than the resistance at 33.76€ (0.52%), 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 Ftse Mib Ucits Etf ETF A Buy?

Xtrackers Ftse Mib 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.374 Hold/Accumulate Upgraded

Predicted Opening Price for Xtrackers Ftse Mib Ucits Etf of Thursday, June 27, 2024

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