Deka Msci Japan Ucits Etf ETF Forecast
Red day on Friday for Deka Msci Japan Ucits Etf
(Updated on Jun 21, 2024)
The Deka Msci Japan Ucits Etf ETF price fell by -0.505% on the last day (Friday, 21st Jun 2024) from 9.90€ to 9.85€. During the last trading day the ETF fluctuated 0.514% from a day low at 9.85€ to a day high of 9.90€. The price has been going up and down for this period, and there has been a -3% loss for the last 2 weeks. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 thousand shares were bought and sold for approximately 66.07€ thousand.
The ETF lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -4.16% during the next 3 months and, with a 90% probability hold a price between 9.18€ and 9.61€ 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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EL44.F Signals & Forecast
There are few to no technical positive signals at the moment. The Deka Msci Japan Ucits Etf 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 9.90€ and 10.05€. 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 06, 2024, and so far it has fallen -4.10%. 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). Deka Msci Japan Ucits Etf gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Deka Msci Japan Ucits Etf ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.0506€ between high and low, or 0.514%. For the last week the ETF has had daily average volatility of 0.407%.
Deka Msci Japan Ucits Etf is oversold on RSI14 (29). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EL44.F) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Deka Msci Japan Ucits Etf to open at 9.87€, and during the day (based on 14 day Average True Range), to move between 9.77€ and 9.93€, which gives a possible trading interval of +/-0.0825€ (+/-0.84%) up or down from last closing price. If Deka Msci Japan Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.68% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 10.06€, some 0.211€ (2.14%) from the current price of 9.85€, our system finds the risk reward not very attractive.
Is Deka Msci Japan Ucits Etf ETF A Buy?
Deka Msci Japan Ucits Etf holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -3.335 Sell Candidate Unchanged
Predicted Opening Price for Deka Msci Japan Ucits Etf of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 9.87€ ( 0.171%) | 9.85€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EL44.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.92 | 0.685% |
| R2 | 9.90 | 0.489% |
| R1 | 9.89 | 0.368% |
| Price | 9.85 | |
| S1 | 9.85 | -0.0250% |
| S2 | 9.83 | -0.146% |
| S3 | 9.82 | -0.342% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.53 | 6.91% |
| R2 | 10.09 | 2.44% |
| R1 | 10.06 | 2.14% |
| Price | 9.85 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
EL44 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 11, 2023 | Dec 11, 2023 | Dec 11, 2023 | 0.0620€ | 0% |
| 2 | Sep 11, 2023 | Sep 11, 2023 | Sep 11, 2023 | 0.0390€ | 0% |
| 3 | Jun 12, 2023 | Jun 12, 2023 | Jun 12, 2023 | 0.0731€ | 0% |
| 4 | Mar 10, 2023 | Mar 10, 2023 | Mar 10, 2023 | 0.0670€ | 0% |
| 5 | Dec 12, 2022 | Dec 12, 2022 | Dec 12, 2022 | 0.0156€ | 0% |
FAQ
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