Deka Msci Japan Ucits Etf ETF Forecast
Deka Msci Japan Ucits Etf ETF downgraded to Hold/Accumulate
(Updated on Jun 27, 2024)
The Deka Msci Japan Ucits Etf ETF price gained 0.353% on the last trading day (Thursday, 27th Jun 2024), rising from 10.05€ to 10.09€. During the last trading day the ETF fluctuated 1.21% from a day low at 10.02€ to a day high of 10.14€. The price has risen in 6 of the last 10 days and is up by 1.55% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 33 thousand more shares were traded than the day before. In total, 34 thousand shares were bought and sold for approximately 340.48€ thousand.
The ETFhas broken the narrow and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is 10.08€, a level that may pose a second chance to hit a runner. According to fan-theory 10.52€ will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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EL44.F Signals & Forecast
The Deka Msci Japan 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 9.96€ and 10.04€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 2.43%. Further rise is indicated until a new top pivot has been found. Deka Msci Japan 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Friday, May 31, 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.
Golden Star
The ETF had a Golden Star Signal on Friday, May 31, 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.
A buy signal from a double bottom formation was found on Friday, June 21, 2024 and based on theory for this formation the price should go up by 0.240% to 10.11€ within 40 trading days since signal was issued (Friday, August 16, 2024).
Support, Risk & Stop-loss for Deka Msci Japan Ucits Etf ETF
Deka Msci Japan Ucits Etf finds support from accumulated volume at 10.06€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.121€ between high and low, or 1.21%. For the last week the ETF has had daily average volatility of 0.691%.
Our recommended stop-loss: 9.57€ (-5.19%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 38 days ago.)
Trading Expectations (EL44.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Deka Msci Japan Ucits Etf to open at 10.08€, and during the day (based on 14 day Average True Range), to move between 10.00€ and 10.18€, which gives a possible trading interval of +/-0.0891€ (+/-0.88%) 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 1.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 10.09€ (0.01%) than the support at 10.06€ (0.28%), 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 Deka Msci Japan Ucits Etf ETF A Buy?
Deka Msci Japan 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.128 Hold/Accumulate Downgraded
Predicted Opening Price for Deka Msci Japan Ucits Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 10.08€ ( 0.0793%) | 10.09€ |
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 | 10.20 | 1.12% |
| R2 | 10.16 | 0.662% |
| R1 | 10.13 | 0.379% |
| Price | 10.09 | |
| S1 | 10.03 | -0.537% |
| S2 | 10.01 | -0.82% |
| S3 | 9.96 | -1.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.34 | 2.49% |
| R2 | 10.11 | 0.243% |
| R1 | 10.09 | 0.0149% |
| Price | 10.09 | |
| S1 | 10.06 | -0.278% |
| S2 | 10.06 | -0.282% |
| S3 | 9.93 | -1.60% |
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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