Deka Msci Usa Mc Ucits Etf ETF Forecast
Stronger technical forecast for Deka Msci Usa Mc Ucits Etf ETF price after Friday trading.
(Updated on Jun 28, 2024)
The Deka Msci Usa Mc Ucits Etf ETF price gained 0.482% on the last trading day (Friday, 28th Jun 2024), rising from 26.97€ to 27.10€. During the last trading day the ETF fluctuated 0.185% from a day low at 27.10€ to a day high of 27.15€. The price has risen in 6 of the last 10 days and is up by 1.06% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 85 shares were bought and sold for approximately 2.30€ 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 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 Deka Msci Usa Mc Ucits Etf ETF with a 90% probability to be traded between 25.86€ and 27.04€ 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. 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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EL41.F Signals & Forecast
The Deka Msci Usa Mc Ucits Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 27.05€ and 27.06€. 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 Monday, June 24, 2024, and so far it has fallen -0.642%. 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 buy signal from a double bottom formation was found on Tuesday, June 04, 2024 and based on theory for this formation the price should go up by 4.64% to 28.35€ within 31 trading days since signal was issued (Wednesday, July 17, 2024).
Support, Risk & Stop-loss for Deka Msci Usa Mc Ucits Etf ETF
Deka Msci Usa Mc Ucits Etf finds support from accumulated volume at 26.99€ 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 0.0500€ between high and low, or 0.185%. For the last week the ETF has had daily average volatility of 0.542%
Our recommended stop-loss: 26.18€ (-3.39%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (EL41.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Deka Msci Usa Mc Ucits Etf to open at 27.11€, and during the day (based on 14 day Average True Range), to move between 26.88€ and 27.31€, which gives a possible trading interval of +/-0.216€ (+/-0.80%) up or down from last closing price. If Deka Msci Usa Mc Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 26.99€ (0.39%) than the resistance at 27.24€ (0.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Deka Msci Usa Mc Ucits Etf ETF A Buy?
Deka Msci Usa Mc Ucits Etf 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 ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.378 Hold/Accumulate Upgraded
Predicted Opening Price for Deka Msci Usa Mc Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 27.11€ ( 0.0615%) | 27.10€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EL41.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.16 | 0.246% |
| R2 | 27.14 | 0.176% |
| R1 | 27.13 | 0.132% |
| Price | 27.10 | |
| S1 | 27.09 | -0.0090% |
| S2 | 27.08 | -0.0525% |
| S3 | 27.06 | -0.123% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.67 | 2.12% |
| R2 | 27.36 | 0.98% |
| R1 | 27.24 | 0.535% |
| Price | 27.10 | |
| S1 | 26.99 | -0.388% |
| S2 | 26.67 | -1.57% |
| S3 | 26.50 | -2.20% |
FAQ
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