Xtrackers S&p Asx 200 Ucits Etf ETF Forecast
Xtrackers S&p Asx 200 Ucits Etf ETF price up 0.239% on Friday
(Updated on Jun 28, 2024)
The Xtrackers S&p Asx 200 Ucits Etf ETF price gained 0.239% on the last trading day (Friday, 28th Jun 2024), rising from 39.81€ to 39.90€. During the last trading day the ETF fluctuated 0.591% from a day low at 39.79€ to a day high of 40.03€. The price has been going up and down for this period, and there has been a 1.76% gain for the last 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 316 shares were bought and sold for approximately 12.61€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 3.55% during the next 3 months and, with a 90% probability hold a price between 40.09€ and 41.97€ at the end of this 3-month period.
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DX2S.F Signals & Forecast
The Xtrackers S&p Asx 200 Ucits Etf ETF 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 39.84€ and 39.42€. A breakdown below any of these levels will issue sell signals. 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 Thursday, June 20, 2024, and so far it has fallen -0.138%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Thursday, June 20, 2024 and based on theory for this formation the price should fall by -4.43% to 38.13€ within 23 trading days since signal was issued (Tuesday, July 23, 2024).
Support, Risk & Stop-loss for Xtrackers S&p Asx 200 Ucits Etf ETF
Xtrackers S&p Asx 200 Ucits Etf finds support from accumulated volume at 39.07€ 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 0.235€ between high and low, or 0.591%. For the last week the ETF has had daily average volatility of 0.85%
Our recommended stop-loss: 38.55€ (-3.39%) (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 (DX2S.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xtrackers S&p Asx 200 Ucits Etf to open at 39.91€, and during the day (based on 14 day Average True Range), to move between 39.54€ and 40.26€, which gives a possible trading interval of +/-0.359€ (+/-0.90%) up or down from last closing price. If Xtrackers S&p Asx 200 Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 39.92€ (0.05%) than the support at 39.07€ (2.08%), 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 S&p Asx 200 Ucits Etf ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Xtrackers S&p Asx 200 Ucits Etf ETF to perform well in the short-term.
Current score: 2.166 Buy Candidate Unchanged
Predicted Opening Price for Xtrackers S&p Asx 200 Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 39.91€ ( 0.0125%) | 39.90€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DX2S.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 40.14 | 0.602% |
| R2 | 40.05 | 0.377% |
| R1 | 39.99 | 0.238% |
| Price | 39.90 | |
| S1 | 39.82 | -0.212% |
| S2 | 39.76 | -0.351% |
| S3 | 39.67 | -0.576% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 39.96 | 0.138% |
| R1 | 39.92 | 0.0501% |
| Price | 39.90 | |
| S1 | 39.07 | -2.08% |
| S2 | 38.88 | -2.56% |
| S3 | 38.74 | -2.91% |
FAQ
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