Goldman Sachs Access Uk Gilts 1-10 Years ETF Forecast
Goldman Sachs Access Uk Gilts 1-10 Years ETF price ended at £43.83 on Thursday, after losing 0%.
(Updated on Jun 27, 2024)
No changes to the price of Goldman Sachs Access Uk Gilts 1-10 Years ETF on the last trading day (Thursday, 27th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at £43.83 to a day high of £43.83. The price has fallen in 5 of the last 10 days but is still up by 0.06% over the past 2 weeks.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Goldman Sachs Access Uk Gilts 1-10 Years ETF with a 90% probability to be traded between £43.77 and £44.43 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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GBPG.L Signals & Forecast
The Goldman Sachs Access Uk Gilts 1-10 Years ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately £43.91. On a fall, the ETF will find some support from the long-term average at approximately £43.63. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -0.364%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". 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 Monday, October 09, 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 Monday, October 09, 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 Monday, October 09, 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.
A sell signal from a double top formation was found on Thursday, June 20, 2024 and based on theory for this formation the price should fall by -2.82% to £42.59 within 22 trading days since signal was issued (Monday, July 22, 2024).
Support, Risk & Stop-loss for Goldman Sachs Access Uk Gilts 1-10 Years ETF
Goldman Sachs Access Uk Gilts 1-10 Years finds support from accumulated volume at £43.77 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.249%
Our recommended stop-loss: £42.14 (-3.85%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (GBPG.L) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Goldman Sachs Access Uk Gilts 1-10 Years Ucits Etf to open at £43.83, and during the day (based on 14 day Average True Range), to move between £43.67 and £43.99, which gives a possible trading interval of +/-£0.162 (+/-0.37%) up or down from last closing price. If Goldman Sachs Access Uk Gilts 1-10 Years Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £43.84 (0.02%) than the support at £43.77 (0.14%), 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 Goldman Sachs Access Uk Gilts 1-10 Years Ucits Etf ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Goldman Sachs Access Uk Gilts 1-10 Years ETF to perform well in the short-term period.
Current score: 1.984 Buy Candidate Unchanged
Predicted Opening Price for Goldman Sachs Access Uk Gilts 1-10 Years Ucits Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| £43.83 ( 0.00000000%) | £43.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GBPG.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.83 | 0.00000000% |
| R2 | 43.83 | 0.00000000% |
| R1 | 43.83 | 0.00000000% |
| Price | 43.83 | |
| S1 | 43.83 | 0.00000000% |
| S2 | 43.83 | 0.00000000% |
| S3 | 43.83 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.94 | 0.262% |
| R2 | 43.92 | 0.205% |
| R1 | 43.84 | 0.0171% |
| Price | 43.83 | |
| S1 | 43.77 | -0.143% |
| S2 | 43.72 | -0.245% |
| S3 | 43.60 | -0.519% |
FAQ
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