Deka Stoxx Europe 50 Ucits Etf ETF Forecast

Deka Stoxx Europe 50 Ucits Etf ETF price ended at 45.44€ on Friday, after losing 0.634%.
(Updated on Jun 21, 2024)

EL4Y.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.90%. 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 50 Ucits Etf ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at 45.84€. On a fall, the ETF will find some support from the short-term average at 45.35€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Monday, April 22, 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 Stoxx Europe 50 Ucits Etf ETF

Deka Stoxx Europe 50 Ucits Etf finds support from accumulated volume at 44.88€ 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 0.260€ between high and low, or 0.572%. For the last week the ETF has had daily average volatility of 0.506%

Our recommended stop-loss: 42.73€ (-5.96%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (EL4Y.F) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Deka Stoxx Europe 50 Ucits Etf to open at 45.52€, and during the day (based on 14 day Average True Range), to move between 45.07€ and 45.80€, which gives a possible trading interval of +/-0.368€ (+/-0.81%) up or down from last closing price. If Deka Stoxx Europe 50 Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 45.87€ (0.95%) than the support at 44.88€ (1.22%), 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 50 Ucits Etf ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Deka Stoxx Europe 50 Ucits Etf ETF to perform well in the short-term.

Current score: 1.187 Buy Candidate Unchanged

Predicted Opening Price for Deka Stoxx Europe 50 Ucits Etf of Monday, June 24, 2024

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