Ubs(lux)fund Solutions – Sustainable ETF Forecast
Evaluation of Ubs(lux)fund Solutions – Sustainable ETF downgraded after the last trading session.
(Updated on Jun 25, 2024)
The Ubs(lux)fund Solutions – Sustainable ETF price gained 0.0893% on the last trading day (Tuesday, 25th Jun 2024), rising from £839.80 to £840.55. During the last trading day the ETF fluctuated 0.0481% from a day low at £840.15 to a day high of £840.55. The price has risen in 5 of the last 10 days and is up by 1.1% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately £1.65 million.
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 – Sustainable ETF with a 90% probability to be traded between £821.36 and £842.58 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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MDBU.L Signals & Forecast
The Ubs(lux)fund Solutions – Sustainable 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 £840.03 and £834.29. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, June 21, 2024, and so far it has fallen -0.385%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Wednesday, April 10, 2024 in the long-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 12 Months
The ETF had a Golden Star Signal on Wednesday, April 10, 2024 in the long-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 buy signal from a double bottom formation was found on Monday, April 29, 2024 and based on theory for this formation the price should go up by 0.98% to £848.75 within 15 trading days since signal was issued (Wednesday, May 22, 2024).
Support, Risk & Stop-loss for Ubs(lux)fund Solutions – Sustainable ETF
Ubs(lux)fund Solutions – Sustainable finds support from accumulated volume at £836.25 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved £0.404 between high and low, or 0.0481%. For the last week the ETF has had daily average volatility of 0.0911%.
Our recommended stop-loss: £809.72 (-3.67%) (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 (MDBU.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Ubs(lux)fund Solutions – Sustainable Development Bank Bonds Ucits Etf(usd)a-dis to open at £840.42, and during the day (based on 14 day Average True Range), to move between £837.84 and £843.26, which gives a possible trading interval of +/-£2.71 (+/-0.32%) up or down from last closing price. If Ubs(lux)fund Solutions – Sustainable Development Bank Bonds Ucits Etf(usd)a-dis takes out the full calculated possible swing range there will be an estimated 0.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £840.70 (0.02%) than the support at £836.25 (0.51%), 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 – Sustainable Development Bank Bonds Ucits Etf(usd)a-dis ETF A Buy?
Ubs(lux)fund Solutions – Sustainable 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: -0.106 Hold/Accumulate Downgraded
Predicted Opening Price for Ubs(lux)fund Solutions – Sustainable Development Bank Bonds Ucits Etf(usd)a-dis of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| £840.42 ( 0.0160%) | £840.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MDBU.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 840.82 | 0.0320% |
| R2 | 840.67 | 0.0137% |
| R1 | 840.57 | 0.0023% |
| Price | 840.55 | |
| S1 | 840.26 | -0.0344% |
| S2 | 840.17 | -0.0457% |
| S3 | 840.01 | -0.0641% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 842.60 | 0.244% |
| R2 | 840.90 | 0.0416% |
| R1 | 840.70 | 0.0178% |
| Price | 840.55 | |
| S1 | 836.25 | -0.512% |
| S2 | 835.25 | -0.631% |
| S3 | 833.15 | -0.88% |
MDBU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 01, 2024 | Feb 01, 2024 | Feb 07, 2024 | £5.97 | 0.714% |
| 2 | Jul 31, 2023 | Jul 31, 2023 | Aug 04, 2023 | £9.49 | 1.17% |
| 3 | Feb 01, 2023 | Feb 01, 2023 | Feb 06, 2023 | £6.58 | 0.757% |
| 4 | Aug 01, 2022 | Aug 01, 2022 | Aug 04, 2022 | £3.88 | 0.440% |
| 5 | Feb 01, 2022 | Feb 01, 2022 | Feb 04, 2022 | £2.58 | 0.314% |
FAQ
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