XTRACKERS FTSE EMERGING COMPREHENSIVE Stock Forecast
On Friday, XTRACKERS FTSE EMERGING COMPREHENSIVE stock price gained an impressive 6.40%
(Updated on May 03, 2024)
The XTRACKERS FTSE EMERGING COMPREHENSIVE stock price gained 6.40% on the last trading day (Friday, 3rd May 2024), rising from £0.125 to £0.133. During the last trading day the stock fluctuated 0.752% from a day low at £0.133 to a day high of £0.134. The price has risen in 5 of the last 10 days and is up by 6.4% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately £292.60 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £0.135 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.96% during the next 3 months and, with a 90% probability hold a price between £0.0851 and £0.120 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DEMG.L Signals & Forecast
The XTRACKERS FTSE EMERGING COMPREHENSIVE stock 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 £0.129 and £0.121. A breakdown below any of these levels will issue sell signals. XTRACKERS FTSE EMERGING COMPREHENSIVE has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Monday, April 22, 2024, and so far it has fallen -2.92%. 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).
Support, Risk & Stop-loss for XTRACKERS FTSE EMERGING COMPREHENSIVE stock
On the downside, the stock finds support just below today's level from accumulated volume at £0.115 and £0.105. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, XTRACKERS FTSE EMERGING COMPREHENSIVE finds support just below today's level at £0.115. If this is broken, then the next support from accumulated volume will be at £0.105 and £0.103.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £0.0010 between high and low, or 0.752%. For the last week, the stock has had daily average volatility of 7.75%.
Our recommended stop-loss: £0.127 (-4.64%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (DEMG.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect XTRACKERS FTSE EMERGING COMPREHENSIVE FACTOR ETF to open at £0.133, and during the day (based on 14 day Average True Range), to move between £0.123 and £0.143, which gives a possible trading interval of +/-£0.0097 (+/-7.27%) up or down from last closing price. If XTRACKERS FTSE EMERGING COMPREHENSIVE FACTOR ETF takes out the full calculated possible swing range there will be an estimated 14.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £0.134 (1.05%) than the support at £0.115 (13.53%), 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 FTSE EMERGING COMPREHENSIVE FACTOR ETF stock A Buy?
XTRACKERS FTSE EMERGING COMPREHENSIVE 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 stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.976 Hold/Accumulate Upgraded
Predicted Opening Price for XTRACKERS FTSE EMERGING COMPREHENSIVE FACTOR ETF of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £0.133 ( 0.251%) | £0.133 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DEMG.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.134 | 1.00 % | |
| R2 | 0.134 | 0.715 % | ||
| R1 | 0.134 | 0.538 % | ||
| Current price: | 0.133 | |||
| Support | S1 | 0.133 | -0.0366 % | |
| S2 | 0.133 | -0.214 % | ||
| S3 | 0.132 | -0.501 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.141 | 5.64 % | |
| R2 | 0.137 | 3.01 % | ||
| R1 | 0.134 | 1.05 % | ||
| Current price | 0.133 | |||
| Support | S1 | 0.115 | -13.53% | |
| S2 | 0.105 | -21.05% | ||
| S3 | 0.103 | -22.93% |
FAQ
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