Xtrackers S&p Global Infrastructure Swap ETF Forecast
Xtrackers S&p Global Infrastructure Swap ETF price ended at 52.02€ on Friday, after losing 0.211%.
(Updated on Jun 28, 2024)
The Xtrackers S&p Global Infrastructure Swap ETF price fell by -0.211% on the last day (Friday, 28th Jun 2024) from 52.13€ to 52.02€. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.673% from a day low at 52.02€ to a day high of 52.37€. The price has fallen in 6 of the last 10 days but is still up by 0.08% over the past 2 weeks. 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 -535 shares and in total, 2 thousand shares were bought and sold for approximately 96.39€ thousand.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 51.37€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 5.95% during the next 3 months and, with a 90% probability hold a price between 54.43€ and 57.93€ at the end of this 3-month period.
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DX2E.F Signals & Forecast
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. The Xtrackers S&p Global Infrastructure Swap 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 52.32€ and 52.50€. 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 -2.29%. 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 very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Xtrackers S&p Global Infrastructure Swap ETF
Xtrackers S&p Global Infrastructure Swap finds support from accumulated volume at 51.84€ 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 0.350€ between high and low, or 0.673%. For the last week the ETF has had daily average volatility of 0.86%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DX2E.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xtrackers S&p Global Infrastructure Swap Ucits Etf to open at 52.14€, and during the day (based on 14 day Average True Range), to move between 51.64€ and 52.40€, which gives a possible trading interval of +/-0.379€ (+/-0.73%) up or down from last closing price. If Xtrackers S&p Global Infrastructure Swap Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 51.84€ (0.35%) than the resistance at 52.31€ (0.56%), 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 S&p Global Infrastructure Swap Ucits Etf ETF A Buy?
The Xtrackers S&p Global Infrastructure Swap ETF holds several negative signals and despite the positive trend, we believe Xtrackers S&p Global Infrastructure Swap will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -1.913 Sell Candidate Unchanged
Predicted Opening Price for Xtrackers S&p Global Infrastructure Swap Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 52.14€ ( 0.224%) | 52.02€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DX2E.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 52.49 | 0.90% |
| R2 | 52.35 | 0.640% |
| R1 | 52.27 | 0.481% |
| Price | 52.02 | |
| S1 | 52.00 | -0.0327% |
| S2 | 51.92 | -0.192% |
| S3 | 51.79 | -0.449% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 53.00 | 1.88% |
| R2 | 52.73 | 1.36% |
| R1 | 52.31 | 0.557% |
| Price | 52.02 | |
| S1 | 51.84 | -0.346% |
| S2 | 50.33 | -3.25% |
| S3 | 49.54 | -4.77% |
FAQ
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