Deka Stoxx Europe Strong Growth 20 Ucits ETF Forecast

Deka Stoxx Europe Strong Growth 20 Ucits ETF downgraded to Sell Candidate
(Updated on Jun 21, 2024)

EL4C.F Signals & Forecast

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. The Deka Stoxx Europe Strong Growth 20 Ucits 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 48.20€ and 48.43€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -2.98%. Further fall is indicated until a new bottom pivot has been found. Deka Stoxx Europe Strong Growth 20 Ucits 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".

Support, Risk & Stop-loss for Deka Stoxx Europe Strong Growth 20 Ucits ETF

Deka Stoxx Europe Strong Growth 20 Ucits finds support from accumulated volume at 47.67€ 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 0.315€ between high and low, or 0.658%. For the last week the ETF has had daily average volatility of 0.85%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EL4C.F) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Deka Stoxx Europe Strong Growth 20 Ucits Etf to open at 47.95€, and during the day (based on 14 day Average True Range), to move between 47.28€ and 48.41€, which gives a possible trading interval of +/-0.566€ (+/-1.18%) up or down from last closing price. If Deka Stoxx Europe Strong Growth 20 Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 47.67€ (0.38%) than the resistance at 48.17€ (0.68%), 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 Stoxx Europe Strong Growth 20 Ucits Etf ETF A Buy?

Deka Stoxx Europe Strong Growth 20 Ucits holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -4.522 Sell Candidate Downgraded

Predicted Opening Price for Deka Stoxx Europe Strong Growth 20 Ucits Etf of Monday, June 24, 2024

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