Deka Euro Stoxx 50 Esg Ucits Etf ETF Forecast
Red day on Thursday for Deka Euro Stoxx 50 Esg Ucits Etf
(Updated on Jun 27, 2024)
The Deka Euro Stoxx 50 Esg Ucits Etf ETF price fell by -0.680% on the last day (Thursday, 27th Jun 2024) from 111.78€ to 111.02€. During the last trading day the ETF fluctuated 1.26% from a day low at 111.02€ to a day high of 112.42€. The price has been going up and down for this period, and there has been a -0.45% loss for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -2 thousand shares and in total, 691 shares were bought and sold for approximately 76.71€ thousand.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 109.69€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 2.01% during the next 3 months and, with a 90% probability hold a price between 111.90€ and 118.68€ at the end of this 3-month period.
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ELFA.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.52%. 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 Euro Stoxx 50 Esg Ucits Etf 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 111.42€ and 113.55€. 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). 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, August 28, 2023 in the long-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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Monday, August 28, 2023 in the long-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 Euro Stoxx 50 Esg Ucits Etf ETF
Deka Euro Stoxx 50 Esg Ucits Etf finds support from accumulated volume at 110.44€ 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 1.40€ between high and low, or 1.26%. For the last week the ETF has had daily average volatility of 0.799%
Our recommended stop-loss: 104.23€ (-6.12%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (ELFA.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Deka Euro Stoxx 50 Esg Ucits Etf to open at 111.49€, and during the day (based on 14 day Average True Range), to move between 109.80€ and 112.24€, which gives a possible trading interval of +/-1.22€ (+/-1.10%) up or down from last closing price. If Deka Euro Stoxx 50 Esg Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 111.56€ (0.49%) than the support at 110.44€ (0.52%), 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 Euro Stoxx 50 Esg Ucits Etf ETF A Buy?
Deka Euro Stoxx 50 Esg Ucits Etf 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.
Current score: 0.894 Hold/Accumulate Unchanged
Predicted Opening Price for Deka Euro Stoxx 50 Esg Ucits Etf of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
111.49€ ( 0.420%) | 111.02€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ELFA.F
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 112.89 | 1.68% |
R2 | 112.35 | 1.20% |
R1 | 112.02 | 0.90% |
Price | 111.02 | |
S1 | 110.95 | -0.0614% |
S2 | 110.62 | -0.359% |
S3 | 110.09 | -0.84% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 112.06 | 0.94% |
R2 | 111.80 | 0.703% |
R1 | 111.56 | 0.486% |
Price | 111.02 | |
S1 | 110.44 | -0.522% |
S2 | 109.46 | -1.41% |
S3 | 109.36 | -1.50% |
ELFA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 11, 2024 | Mar 11, 2024 | Mar 11, 2024 | 0.250€ | 0% |
2 | Dec 11, 2023 | Dec 11, 2023 | Dec 11, 2023 | 0.140€ | 0% |
3 | Sep 11, 2023 | Sep 11, 2023 | Sep 11, 2023 | 0.640€ | 0% |
4 | Jun 12, 2023 | Jun 12, 2023 | Jun 12, 2023 | 1.41€ | 0% |
5 | Mar 10, 2023 | Mar 10, 2023 | Mar 10, 2023 | 1.13€ | 0% |
FAQ
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