Ubs (lux) Fund Solutions – Msci Emu ETF Forecast
Ubs (lux) Fund Solutions – Msci Emu ETF downgraded to Hold/Accumulate
(Updated on Jun 28, 2024)
The Ubs (lux) Fund Solutions – Msci Emu ETF price fell by -0.754% on the last day (Friday, 28th Jun 2024) from 21.22 Fr to 21.06 Fr. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.86% from a day low at 21.05 Fr to a day high of 21.23 Fr. The price has fallen in 6 of the last 10 days but is still up by 0.72% over the past 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 -7 thousand shares and in total, 12 thousand shares were bought and sold for approximately 260.51 Fr thousand.
The ETF is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 20.96 Fr will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Ubs (lux) Fund Solutions – Msci Emu ETF with a 90% probability to be traded between 21.23 Fr and 22.42 Fr at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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EMUCHF.SW Signals & Forecast
There are few to no technical positive signals at the moment. The Ubs (lux) Fund Solutions – Msci Emu 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 21.25 Fr and 21.57 Fr. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -1.63%. Further fall is indicated until a new bottom pivot has been found. 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.
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.
A sell signal from a double top formation was found on Thursday, June 06, 2024 with a target of 21.36 Fr. Despite whether the objective of the signal formation has been reached the ETF may continue to fall.
Support, Risk & Stop-loss for Ubs (lux) Fund Solutions – Msci Emu ETF
Ubs (lux) Fund Solutions – Msci Emu finds support from accumulated volume at 21.05 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 0.180 Fr between high and low, or 0.86%. For the last week the ETF has had daily average volatility of 0.83%
Our recommended stop-loss: 20.11 Fr (-4.53%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (EMUCHF.SW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ubs (lux) Fund Solutions – Msci Emu Ucits Etf to open at 21.11 Fr, and during the day (based on 14 day Average True Range), to move between 20.84 Fr and 21.28 Fr, which gives a possible trading interval of +/-0.222 Fr (+/-1.06%) 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 2.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 21.05 Fr (0.07%) than the resistance at 21.17 Fr (0.52%), 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 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. 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: -0.234 Hold/Accumulate Downgraded
Predicted Opening Price for Ubs (lux) Fund Solutions – Msci Emu Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 21.11 Fr ( 0.237%) | 21.06 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EMUCHF.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.29 | 1.09% |
| R2 | 21.22 | 0.766% |
| R1 | 21.18 | 0.564% |
| Price | 21.06 | |
| S1 | 21.04 | -0.0891% |
| S2 | 21.00 | -0.291% |
| S3 | 20.93 | -0.617% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.79 | 3.47% |
| R2 | 21.26 | 0.93% |
| R1 | 21.17 | 0.522% |
| Price | 21.06 | |
| S1 | 21.05 | -0.0712% |
| S2 | 20.93 | -0.617% |
| S3 | 20.88 | -0.85% |
FAQ
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