Deka Stoxx Europe Strong Style Composite 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:
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 Style Composite ETF upgraded to Hold/Accumulate.
(Updated on Jun 27, 2024)
The Deka Stoxx Europe Strong Style Composite ETF price fell by -0.235% on the last day (Thursday, 27th Jun 2024) from 36.10€ to 36.02€. During the last trading day the ETF fluctuated 1.08% from a day low at 36.02€ to a day high of 36.41€. The price has been going up and down for this period, and there has been a -1.79% loss for the last 2 weeks. Volume has increased on the last day by 3 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, 3 thousand shares were bought and sold for approximately 125.01€ thousand.
The ETF is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 35.70€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Deka Stoxx Europe Strong Style Composite ETF with a 90% probability to be traded between 36.40€ and 39.22€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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EL4E.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.404%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Deka Stoxx Europe Strong Style Composite 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 36.16€ and 37.05€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Deka Stoxx Europe Strong Style Composite 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 Style Composite ETF
Deka Stoxx Europe Strong Style Composite finds support from accumulated volume at 35.97€ 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 0.390€ between high and low, or 1.08%. For the last week the ETF has had daily average volatility of 0.92%.
Our recommended stop-loss: 34.15€ (-5.17%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (EL4E.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Deka Stoxx Europe Strong Style Composite 40 Ucits Etf to open at 36.15€, and during the day (based on 14 day Average True Range), to move between 35.58€ and 36.45€, which gives a possible trading interval of +/-0.431€ (+/-1.20%) up or down from last closing price. If Deka Stoxx Europe Strong Style Composite 40 Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 36.04€ (0.07%) than the support at 35.97€ (0.12%), 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 Style Composite 40 Ucits Etf ETF A Buy?
Deka Stoxx Europe Strong Style Composite holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.526 Hold/Accumulate Upgraded
Predicted Opening Price for Deka Stoxx Europe Strong Style Composite 40 Ucits Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 36.15€ ( 0.361%) | 36.02€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EL4E.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.54 | 1.44% |
| R2 | 36.39 | 1.03% |
| R1 | 36.29 | 0.775% |
| Price | 36.02 | |
| S1 | 36.00 | -0.0527% |
| S2 | 35.90 | -0.308% |
| S3 | 35.76 | -0.722% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 37.59 | 4.36% |
| R2 | 36.42 | 1.12% |
| R1 | 36.04 | 0.0694% |
| Price | 36.02 | |
| S1 | 35.97 | -0.125% |
| S2 | 35.83 | -0.514% |
| S3 | 35.82 | -0.541% |
EL4E Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 11, 2024 | Mar 11, 2024 | Mar 11, 2024 | 0.0400€ | 0% |
| 2 | Sep 11, 2023 | Sep 11, 2023 | Sep 11, 2023 | 0.160€ | 0% |
| 3 | Jun 12, 2023 | Jun 12, 2023 | Jun 14, 2023 | 0.0500€ | 0% |
| 4 | Sep 12, 2022 | Sep 12, 2022 | Sep 12, 2022 | 0.760€ | 0% |
| 5 | Sep 10, 2021 | Sep 10, 2021 | Sep 10, 2021 | 0.100€ | 0% |
FAQ
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