Deka Deutsche Börse Eurogov Germany 10+ ETF Forecast

Stronger technical forecast for Deka Deutsche Börse Eurogov Germany 10+ ETF price after Friday trading.
(Updated on Jun 21, 2024)

EL4V.F Signals & Forecast

The Deka Deutsche Börse Eurogov Germany 10+ ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately 109.91€. On a fall, the ETF will find some support from the long-term average at approximately 108.20€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -0.99%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Wednesday, June 12, 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.

Support, Risk & Stop-loss for Deka Deutsche Börse Eurogov Germany 10+ ETF

Deka Deutsche Börse Eurogov Germany 10+ finds support from accumulated volume at 107.98€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved 0.595€ between high and low, or 0.542%. For the last week the ETF has had daily average volatility of 0.547%

Our recommended stop-loss: 106.15€ (-3.32%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (EL4V.F) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Deka Deutsche Börse Eurogov Germany 10+ Ucits Etf to open at 109.99€, and during the day (based on 14 day Average True Range), to move between 108.91€ and 110.68€, which gives a possible trading interval of +/-0.89€ (+/-0.81%) up or down from last closing price. If Deka Deutsche Börse Eurogov Germany 10+ Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 110.12€ (0.29%) than the support at 107.98€ (1.65%), 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 Deutsche Börse Eurogov Germany 10+ Ucits Etf ETF A Buy?

Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.797 Buy Candidate Upgraded

Predicted Opening Price for Deka Deutsche Börse Eurogov Germany 10+ Ucits Etf of Monday, June 24, 2024

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