Deka Msci Europe Mc Ucits Etf ETF Forecast

Deka Msci Europe Mc Ucits Etf ETF price up 0.157% on Friday
(Updated on Jun 21, 2024)

EL43.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.35%. Further rise is indicated until a new top pivot has been found. Deka Msci Europe Mc Ucits Etf 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Deka Msci Europe Mc Ucits Etf ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at 13.11€. On a fall, the ETF will find some support from the short-term average at 12.71€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Monday, April 22, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for Deka Msci Europe Mc Ucits Etf ETF

Deka Msci Europe Mc Ucits Etf finds support from accumulated volume at 12.74€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved 0.0700€ (0.550%) between high and low. For the last week, the ETF has had daily average volatility of 0.493%.

Our recommended stop-loss: 11.94€ (-6.29%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)

Trading Expectations (EL43.F) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Deka Msci Europe Mc Ucits Etf to open at 12.76€, and during the day (based on 14 day Average True Range), to move between 12.61€ and 12.88€, which gives a possible trading interval of +/-0.133€ (+/-1.04%) up or down from last closing price. If Deka Msci Europe Mc Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 12.74€ (0.03%) than the resistance at 13.20€ (3.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Deka Msci Europe Mc 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 Deka Msci Europe Mc Ucits Etf ETF to perform well in the short-term.

Current score: 1.636 Buy Candidate Unchanged

Predicted Opening Price for Deka Msci Europe Mc Ucits Etf of Monday, June 24, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.