Ubs (lux) Fund Solutions – J.p. Morgan ETF Forecast
Ubs (lux) Fund Solutions – J.p. Morgan ETF price down 0.0262% on Friday
(Updated on Jun 28, 2024)
The Ubs (lux) Fund Solutions – J.p. Morgan ETF price fell by -0.0262% on the last day (Friday, 28th Jun 2024) from 11.44€ to 11.43€. During the last trading day the ETF fluctuated 0.179% from a day low at 11.43€ to a day high of 11.45€. The price has fallen in 6 of the last 10 days but is still up by 0.03% 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 Ubs (lux) Fund Solutions – J.p. Morgan ETF with a 90% probability to be traded between 11.28€ and 11.54€ 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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JC11.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 11.43€ and 11.32€. 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). 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 Wednesday, June 26, 2024, and so far it has fallen -0.127%. Further fall is indicated until a new bottom pivot has been found. 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 very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Friday, June 07, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, January 16, 2024.
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 Friday, June 07, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, January 16, 2024.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 Friday, June 07, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, January 16, 2024.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 Wednesday, June 26, 2024 and based on theory for this formation the price should fall by -2.30% to 11.17€ within 50 trading days since signal was issued (Wednesday, September 04, 2024).
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 11.40€ 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 0.0205€ between high and low, or 0.179%. For the last week the ETF has had daily average volatility of 0.157%
Our recommended stop-loss: 10.99€ (-3.86%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (JC11.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ubs (lux) Fund Solutions – J.p. Morgan Cny China Government 1-10 Year Bond Ucits Etf to open at 11.44€, and during the day (based on 14 day Average True Range), to move between 11.40€ and 11.47€, which gives a possible trading interval of +/-0.0344€ (+/-0.30%) up or down from last closing price. If Ubs (lux) Fund Solutions – J.p. Morgan Cny China Government 1-10 Year Bond Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 11.44€ (0.03%) than the support at 11.40€ (0.30%), 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 Cny China Government 1-10 Year Bond 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 Ubs (lux) Fund Solutions – J.p. Morgan ETF to perform well in the short-term period.
Current score: 1.158 Buy Candidate Unchanged
Predicted Opening Price for Ubs (lux) Fund Solutions – J.p. Morgan Cny China Government 1-10 Year Bond Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 11.44€ ( 0.0598%) | 11.43€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JC11.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.46 | 0.239% |
| R2 | 11.45 | 0.171% |
| R1 | 11.45 | 0.128% |
| Price | 11.43 | |
| S1 | 11.43 | -0.0087% |
| S2 | 11.43 | -0.0510% |
| S3 | 11.42 | -0.120% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.45 | 0.127% |
| R2 | 11.44 | 0.0525% |
| R1 | 11.44 | 0.0262% |
| Price | 11.43 | |
| S1 | 11.40 | -0.297% |
| S2 | 11.37 | -0.533% |
| S3 | 11.37 | -0.560% |
FAQ
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