Ubs(lux)fund Solutions – J.p. Morgan ETF Forecast
Stronger technical forecast for Ubs(lux)fund Solutions – J.p. Morgan ETF price after Thursday trading.
(Updated on Jun 27, 2024)
The Ubs(lux)fund Solutions – J.p. Morgan ETF price gained 0.125% on the last trading day (Thursday, 27th Jun 2024), rising from 11.97€ to 11.99€. During the last trading day the ETF fluctuated 0.690% from a day low at 11.96€ to a day high of 12.05€. The price has risen in 6 of the last 10 days and is up by 0.59% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately 51.31€ thousand.
The ETF lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 12.02€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 2.33% during the next 3 months and, with a 90% probability hold a price between 12.00€ and 12.30€ at the end of this 3-month period.
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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 11.98€ and 11.80€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Ubs(lux)fund Solutions – J.p. Morgan has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 21, 2024, and so far it has fallen -0.129%. Further fall is indicated until a new bottom pivot has been found. 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.0825€ between high and low, or 0.690%. For the last week the ETF has had daily average volatility of 0.457%.
Our recommended stop-loss: 11.55€ (-3.60%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (EMIG.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th 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 11.93€ and 12.04€, which gives a possible trading interval of +/-0.0510€ (+/-0.43%) 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 0.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 11.99€ (0.03%) than the support at 11.78€ (1.75%), 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 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, 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 Ubs(lux)fund Solutions – J.p. Morgan 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: 2.946 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 Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 12.00€ ( 0.113%) | 11.99€ |
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 | 0.80% |
| R2 | 12.05 | 0.538% |
| R1 | 12.03 | 0.376% |
| Price | 11.99 | |
| S1 | 11.97 | -0.150% |
| S2 | 11.95 | -0.313% |
| S3 | 11.92 | -0.576% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.00 | 0.129% |
| R2 | 12.00 | 0.104% |
| R1 | 11.99 | 0.0292% |
| Price | 11.99 | |
| S1 | 11.78 | -1.75% |
| S2 | 11.72 | -2.22% |
| S3 | 11.70 | -2.38% |
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.
