Xtrackers Ii Eurozone Government Bond ETF Forecast
Xtrackers Ii Eurozone Government Bond ETF upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jun 26, 2024)
The Xtrackers Ii Eurozone Government Bond ETF price fell by -0.107% on the last day (Wednesday, 26th Jun 2024) from 195.58€ to 195.37€. During the last trading day the ETF fluctuated 0.136% from a day low at 195.37€ to a day high of 195.64€. The price has been going up and down for this period, and there has been a 0.26% gain for the last 2 weeks. Volume has increased on the last day by 403 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 521 shares were bought and sold for approximately 101.79€ thousand.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 195.59€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Xtrackers Ii Eurozone Government Bond ETF with a 90% probability to be traded between 193.92€ and 195.64€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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DBXQ.F Signals & Forecast
The Xtrackers Ii Eurozone Government Bond 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 195.49€. On a fall, the ETF will find some support from the long-term average at approximately 194.86€. 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 Tuesday, June 18, 2024, and so far it has fallen -0.112%. Further fall is indicated until a new bottom pivot has been found. Xtrackers Ii Eurozone Government Bond 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 Thursday, June 13, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 13, 2024.
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.
Golden Star
The ETF had a Golden Star Signal on Thursday, June 13, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 13, 2024.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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Thursday, June 13, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 13, 2024.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 Ii Eurozone Government Bond ETF
Xtrackers Ii Eurozone Government Bond finds support from accumulated volume at 194.90€ 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 0.265€ between high and low, or 0.136%. For the last week the ETF has had daily average volatility of 0.136%.
Our recommended stop-loss: 189.75€ (-2.88%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (DBXQ.F) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Xtrackers Ii Eurozone Government Bond 3-5 Ucits Etf 1c to open at 195.46€, and during the day (based on 14 day Average True Range), to move between 194.96€ and 195.78€, which gives a possible trading interval of +/-0.409€ (+/-0.21%) up or down from last closing price. If Xtrackers Ii Eurozone Government Bond 3-5 Ucits Etf 1c takes out the full calculated possible swing range there will be an estimated 0.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 195.48€ (0.06%) than the support at 194.90€ (0.24%), 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 Ii Eurozone Government Bond 3-5 Ucits Etf 1c ETF A Buy?
Xtrackers Ii Eurozone Government Bond 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: -0.063 Hold/Accumulate Upgraded
Predicted Opening Price for Xtrackers Ii Eurozone Government Bond 3-5 Ucits Etf 1c of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 195.46€ ( 0.0452%) | 195.37€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DBXQ.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 195.72 | 0.181% |
| R2 | 195.62 | 0.129% |
| R1 | 195.56 | 0.0970% |
| Price | 195.37 | |
| S1 | 195.36 | -0.0066% |
| S2 | 195.29 | -0.0386% |
| S3 | 195.19 | -0.0904% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 195.60 | 0.118% |
| R2 | 195.54 | 0.0845% |
| R1 | 195.48 | 0.0563% |
| Price | 195.37 | |
| S1 | 194.90 | -0.241% |
| S2 | 194.88 | -0.251% |
| S3 | 194.64 | -0.374% |
FAQ
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