XTRACKERS FTSE DEVELOPED EX US ETF Forecast
XTRACKERS FTSE DEVELOPED EX US ETF downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)
The XTRACKERS FTSE DEVELOPED EX US ETF price fell by -0.579% on the last day (Wednesday, 26th Jun 2024) from $28.52 to $28.36. During the last trading day the ETF fluctuated 0.681% from a day low at $28.36 to a day high of $28.55. The price has fallen in 6 of the last 10 days and is down by -3.54% 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 -9 thousand shares and in total, 2 thousand shares were bought and sold for approximately $60.71 thousand.
The ETF has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $28.44 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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DEEF Signals & Forecast
There are few to no technical positive signals at the moment. The XTRACKERS FTSE DEVELOPED EX US ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $28.69 and $29.42. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -5.34%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for XTRACKERS FTSE DEVELOPED EX US ETF
XTRACKERS FTSE DEVELOPED EX US finds support from accumulated volume at $28.35 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 $0.193 between high and low, or 0.681%. For the last week the ETF has had daily average volatility of 0.674%
XTRACKERS FTSE DEVELOPED EX US is oversold on RSI14 (22). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DEEF) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect XTRACKERS FTSE DEVELOPED EX US COMPREHENSIVE FACTOR ETF to open at $28.42, and during the day (based on 14 day Average True Range), to move between $28.08 and $28.63, which gives a possible trading interval of +/-$0.271 (+/-0.96%) up or down from last closing price. If XTRACKERS FTSE DEVELOPED EX US COMPREHENSIVE FACTOR ETF takes out the full calculated possible swing range there will be an estimated 1.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $28.35 (0.02%) than the resistance at $28.52 (0.58%), 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 DEVELOPED EX US COMPREHENSIVE FACTOR ETF ETF A Buy?
XTRACKERS FTSE DEVELOPED EX US holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.537 Sell Candidate Downgraded
Predicted Opening Price for XTRACKERS FTSE DEVELOPED EX US COMPREHENSIVE FACTOR ETF of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $28.42 ( 0.227%) | $28.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DEEF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.61 | 0.91% |
| R2 | 28.54 | 0.648% |
| R1 | 28.49 | 0.487% |
| Price | 28.36 | |
| S1 | 28.35 | -0.0331% |
| S2 | 28.30 | -0.194% |
| S3 | 28.23 | -0.454% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.96 | 5.64% |
| R2 | 28.78 | 1.48% |
| R1 | 28.52 | 0.582% |
| Price | 28.36 | |
| S1 | 28.35 | -0.0176% |
| S2 | 28.31 | -0.159% |
| S3 | 0 | - |
DEEF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2024 | Mar 15, 2024 | Mar 22, 2024 | $0.0653 | 0.221% |
| 2 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.185 | 0.666% |
| 3 | Feb 21, 2023 | Sep 15, 2023 | Sep 22, 2023 | $0.451 | 1.71% |
| 4 | Feb 21, 2023 | Jun 23, 2023 | Jun 30, 2023 | $0.396 | 1.45% |
| 5 | Feb 21, 2023 | Mar 17, 2023 | Mar 24, 2023 | $0.100 | 0.383% |
FAQ
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