Ubs(lux)fund Solutions – J.p. Morgan ETF Forecast
Ubs(lux)fund Solutions – J.p. Morgan ETF upgraded to Buy Candidate.
(Updated on Jun 21, 2024)
The Ubs(lux)fund Solutions – J.p. Morgan ETF price gained 0.372% on the last trading day (Friday, 21st Jun 2024), rising from 11.96€ to 12.00€. During the last trading day the ETF fluctuated 0.640% from a day low at 11.96€ to a day high of 12.04€. The price has risen in 7 of the last 10 days and is up by 1.91% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 178 shares were bought and sold for approximately 2.14€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. 11.96€ is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the ETF is predicted to reach 12.23€ sometime during the next 3 months.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
EMIG.F Signals & Forecast
The Ubs(lux)fund Solutions – J.p. Morgan ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 11.96€ and 11.77€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 3.11%. Further rise is indicated until a new top pivot has been found. 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. 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 Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, November 28, 2023.
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
The ETF had a Golden Star Signal on Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, November 28, 2023.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, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, November 28, 2023.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 Ubs(lux)fund Solutions – J.p. Morgan ETF
Ubs(lux)fund Solutions – J.p. Morgan finds support from accumulated volume at 11.78€ 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 0.0765€ between high and low, or 0.640%. For the last week the ETF has had daily average volatility of 0.328%
The Ubs(lux)fund Solutions – J.p. Morgan ETF is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken.
Our recommended stop-loss: 11.50€ (-4.15%) (This ETF has low daily movements and this gives low risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (EMIG.F) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Ubs(lux)fund Solutions – J.p. Morgan Usd Em Ig Esg Diversified Bond Ucits Etf(usd)a-acc to open at 12.00€, and during the day (based on 14 day Average True Range), to move between 11.95€ and 12.05€, which gives a possible trading interval of +/-0.0480€ (+/-0.40%) up or down from last closing price. If Ubs(lux)fund Solutions – J.p. Morgan Usd Em Ig Esg Diversified Bond Ucits Etf(usd)a-acc takes out the full calculated possible swing range there will be an estimated 0.80% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 11.78€, some 0.226€ (1.88%) from the current price of 12.00€, our system finds the risk reward attractive.
Is Ubs(lux)fund Solutions – J.p. Morgan Usd Em Ig Esg Diversified Bond Ucits Etf(usd)a-acc ETF A Buy?
Several short-term signals are positive and the ETF has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Ubs(lux)fund Solutions – J.p. Morgan ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.629 Buy Candidate Upgraded
Predicted Opening Price for Ubs(lux)fund Solutions – J.p. Morgan Usd Em Ig Esg Diversified Bond Ucits Etf(usd)a-acc of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 12.00€ ( 0.0181%) | 12.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EMIG.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.08 | 0.619% |
| R2 | 12.05 | 0.376% |
| R1 | 12.03 | 0.225% |
| Price | 12.00 | |
| S1 | 11.97 | -0.262% |
| S2 | 11.95 | -0.412% |
| S3 | 11.92 | -0.656% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 12.00 | |
| S1 | 11.78 | -1.88% |
| S2 | 11.71 | -2.42% |
| S3 | 11.70 | -2.51% |
FAQ
Click here for our free guide on how to buy Ubs(lux)fund Solutions – J.p. Morgan Usd Em Ig Esg Diversified Bond Ucits Etf(usd)a-acc ETF.
