Ubs (lux) Fund Solutions – Msci Emu ETF Forecast

Ubs (lux) Fund Solutions – Msci Emu ETF downgraded to Hold/Accumulate
(Updated on Jun 25, 2024)

EMUCHF.SW Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.89%. 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 Ubs (lux) Fund Solutions – Msci Emu 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 21.60 Fr. On a fall, the ETF will find some support from the short-term average at 21.23 Fr. 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 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.

Buy

Special Signal Notification

Golden Star

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.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Friday, June 14, 2024 and based on theory for this formation the price should go up by 7.22% to 22.84 Fr within 40 trading days since signal was issued (Monday, August 12, 2024).

Support, Risk & Stop-loss for Ubs (lux) Fund Solutions – Msci Emu ETF

Ubs (lux) Fund Solutions – Msci Emu finds support from accumulated volume at 21.29 Fr 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 0.0800 Fr between high and low, or 0.377%. For the last week the ETF has had daily average volatility of 0.766%

Our recommended stop-loss: 20.05 Fr (-5.88%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)

Trading Expectations (EMUCHF.SW) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Ubs (lux) Fund Solutions – Msci Emu Ucits Etf to open at 21.28 Fr, and during the day (based on 14 day Average True Range), to move between 21.07 Fr and 21.54 Fr, which gives a possible trading interval of +/-0.232 Fr (+/-1.09%) up or down from last closing price. If Ubs (lux) Fund Solutions – Msci Emu Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 21.29 Fr (0.07%) than the resistance at 21.41 Fr (0.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ubs (lux) Fund Solutions – Msci Emu Ucits Etf ETF A Buy?

Ubs (lux) Fund Solutions – Msci Emu holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.347 Hold/Accumulate Downgraded

Predicted Opening Price for Ubs (lux) Fund Solutions – Msci Emu Ucits Etf of Wednesday, June 26, 2024

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