Market Access Stoxx China A Minimum ETF Forecast
Market Access Stoxx China A Minimum ETF price ended at 126.06€ on Friday, after losing 2.19%.
(Updated on Jun 28, 2024)
The Market Access Stoxx China A Minimum ETF price fell by -2.19% on the last day (Friday, 28th Jun 2024) from 128.88€ to 126.06€. During the last trading day the ETF fluctuated 3.16% from a day low at 126.06€ to a day high of 130.04€. The price has fallen in 7 of the last 10 days and is down by -3.9% for this period. 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 -1 thousand shares and in total, 1 thousand shares were bought and sold for approximately 155.56€ thousand.
Given the current short-term trend, the ETF is expected to rise 4.48% during the next 3 months and, with a 90% probability hold a price between 131.71€ and 138.51€ at the end of this 3-month period.
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M9SV.F Signals & Forecast
There are few to no technical positive signals at the moment. The Market Access Stoxx China A Minimum ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 129.33€ and 128.95€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -4.38%. 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.
Support, Risk & Stop-loss for Market Access Stoxx China A Minimum ETF
Market Access Stoxx China A Minimum finds support from accumulated volume at 124.82€ 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 3.98€ between high and low, or 3.16%. For the last week the ETF has had daily average volatility of 2.41%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (M9SV.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Market Access Stoxx China A Minimum Variance Index Ucits Etf to open at 127.39€, and during the day (based on 14 day Average True Range), to move between 123.54€ and 128.58€, which gives a possible trading interval of +/-2.52€ (+/-2.00%) up or down from last closing price. If Market Access Stoxx China A Minimum Variance Index Ucits Etf takes out the full calculated possible swing range there will be an estimated 4.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 124.82€ (0.98%) than the resistance at 128.88€ (2.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Market Access Stoxx China A Minimum Variance Index Ucits Etf ETF A Buy?
The Market Access Stoxx China A Minimum ETF holds several negative signals and despite the positive trend, we believe Market Access Stoxx China A Minimum will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -2.221 Sell Candidate Unchanged
Predicted Opening Price for Market Access Stoxx China A Minimum Variance Index Ucits Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
127.39€ ( 1.05%) | 126.06€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for M9SV.F
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 131.37 | 4.21% |
R2 | 129.85 | 3.00% |
R1 | 128.91 | 2.26% |
Price | 126.06 | |
S1 | 125.87 | -0.154% |
S2 | 124.93 | -0.90% |
S3 | 123.41 | -2.10% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 131.76 | 4.52% |
R2 | 130.54 | 3.55% |
R1 | 128.88 | 2.24% |
Price | 126.06 | |
S1 | 124.82 | -0.98% |
S2 | 124.44 | -1.29% |
S3 | 122.24 | -3.03% |
FAQ
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