Xtrackers Ii Global Government Bond ETF Forecast
Red day on Friday for Xtrackers Ii Global Government Bond
(Updated on Jun 28, 2024)
The Xtrackers Ii Global Government Bond ETF price fell by -0.151% on the last day (Friday, 28th Jun 2024) from 204.96€ to 204.65€. During the last trading day the ETF fluctuated 0.352% from a day low at 204.50€ to a day high of 205.22€. The price has fallen in 6 of the last 10 days and is down by -0.6% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -1 thousand shares and in total, 1 thousand shares were bought and sold for approximately 279.35€ thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Xtrackers Ii Global Government Bond ETF with a 90% probability to be traded between 204.34€ and 207.84€ 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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DBZB.F Signals & Forecast
The Xtrackers Ii Global 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 205.23€. On a fall, the ETF will find some support from the long-term average at approximately 204.41€. 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 -0.617%. 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. The ETF had a Golden Star Signal on Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 04, 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 Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 04, 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 Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 04, 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.
A sell signal from a double top formation was found on Tuesday, June 18, 2024 and based on theory for this formation the price should fall by -1.61% to 201.36€ within 9 trading days since signal was issued (Monday, July 01, 2024).
Support, Risk & Stop-loss for Xtrackers Ii Global Government Bond ETF
Xtrackers Ii Global Government Bond finds support from accumulated volume at 203.00€ 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 therefore the general risk is considered very 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 0.720€ between high and low, or 0.352%. For the last week the ETF has had daily average volatility of 0.309%
Our recommended stop-loss: 197.03€ (-3.72%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (DBZB.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xtrackers Ii Global Government Bond Ucits Etf 1c - Eur Hedged to open at 204.79€, and during the day (based on 14 day Average True Range), to move between 203.86€ and 205.44€, which gives a possible trading interval of +/-0.794€ (+/-0.39%) up or down from last closing price. If Xtrackers Ii Global Government Bond Ucits Etf 1c - Eur Hedged takes out the full calculated possible swing range there will be an estimated 0.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 204.72€ (0.03%) than the support at 203.00€ (0.81%), 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 Global Government Bond Ucits Etf 1c - Eur Hedged ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Xtrackers Ii Global Government Bond ETF to perform well in the short-term period.
Current score: 1.787 Buy Candidate Unchanged
Predicted Opening Price for Xtrackers Ii Global Government Bond Ucits Etf 1c - Eur Hedged of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 204.79€ ( 0.0684%) | 204.65€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DBZB.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 205.51 | 0.420% |
| R2 | 205.23 | 0.286% |
| R1 | 205.07 | 0.203% |
| Price | 204.65 | |
| S1 | 204.51 | -0.0660% |
| S2 | 204.35 | -0.149% |
| S3 | 204.07 | -0.283% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 205.44 | 0.386% |
| R2 | 204.88 | 0.112% |
| R1 | 204.72 | 0.0342% |
| Price | 204.65 | |
| S1 | 203.00 | -0.81% |
| S2 | 202.91 | -0.85% |
| S3 | 201.68 | -1.45% |
FAQ
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