Deka Stoxx Europe Strong Growth 20 Ucits ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Deka Stoxx Europe Strong Growth 20 Ucits ETF price down 0.562% on Thursday
(Updated on Jun 27, 2024)
The Deka Stoxx Europe Strong Growth 20 Ucits ETF price fell by -0.562% on the last day (Thursday, 27th Jun 2024) from 48.03€ to 47.76€. During the last trading day the ETF fluctuated 1.46% from a day low at 47.70€ to a day high of 48.40€. The price has been going up and down for this period, and there has been a -1.72% loss for the last 2 weeks. Volume has increased on the last day by 5 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, 8 thousand shares were bought and sold for approximately 366.85€ thousand.
The ETF lies in the middle of a 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 -4.10% during the next 3 months and, with a 90% probability hold a price between 43.51€ and 46.94€ 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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EL4C.F Signals & Forecast
There are few to no technical positive signals at the moment. 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 48.02€ and 48.40€. 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 -3.16%. 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 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 0.695€ between high and low, or 1.46%. For the last week the ETF has had daily average volatility of 1.14%.
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 Friday 28th
For the upcoming trading day on Friday, 28th 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 47.18€ and 48.33€, which gives a possible trading interval of +/-0.578€ (+/-1.21%) 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 2.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 47.85€ (0.19%) than the support at 47.67€ (0.19%), 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 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.
Current score: -2.887 Sell Candidate Unchanged
Predicted Opening Price for Deka Stoxx Europe Strong Growth 20 Ucits Etf of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
47.95€ ( 0.408%) | 47.76€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EL4C.F
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 48.65 | 1.86% |
R2 | 48.38 | 1.31% |
R1 | 48.22 | 0.96% |
Price | 47.76 | |
S1 | 47.68 | -0.148% |
S2 | 47.52 | -0.491% |
S3 | 47.26 | -1.05% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 49.04 | 2.69% |
R2 | 48.17 | 0.87% |
R1 | 47.85 | 0.188% |
Price | 47.76 | |
S1 | 47.67 | -0.188% |
S2 | 47.56 | -0.419% |
S3 | 47.55 | -0.429% |
EL4C Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 11, 2024 | Mar 11, 2024 | Mar 11, 2024 | 0.0300€ | 0% |
2 | Sep 11, 2023 | Sep 11, 2023 | Sep 11, 2023 | 0.0700€ | 0% |
3 | Jun 12, 2023 | Jun 12, 2023 | Jun 12, 2023 | 0.130€ | 0% |
4 | Dec 12, 2022 | Dec 12, 2022 | Dec 12, 2022 | 0.0100€ | 0% |
5 | Sep 12, 2022 | Sep 12, 2022 | Sep 12, 2022 | 1.90€ | 0% |
FAQ
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