DBX Trust - Xtrackers Russell 1000 US ETF Forecast
Green day on Friday for DBX Trust - Xtrackers Russell 1000 US
(Updated on May 03, 2024)
The DBX Trust - Xtrackers Russell 1000 US ETF price gained 0.770% on the last trading day (Friday, 3rd May 2024), rising from $46.73 to $47.09. During the last trading day the ETF fluctuated 0.297% from a day low at $47.07 to a day high of $47.21. The price has risen in 6 of the last 10 days and is up by 1.29% 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, 5 thousand shares were bought and sold for approximately $249.91 thousand.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect DBX Trust - Xtrackers Russell 1000 US ETF with a 90% probability to be traded between $47.19 and $50.10 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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QARP Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 1.73%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). DBX Trust - Xtrackers Russell 1000 US has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The DBX Trust - Xtrackers Russell 1000 US ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $47.74. On a fall, the ETF will find some support from the short-term average at $46.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for DBX Trust - Xtrackers Russell 1000 US ETF
DBX Trust - Xtrackers Russell 1000 US finds support from accumulated volume at $46.69 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 $0.140 between high and low, or 0.297%. For the last week the ETF has had daily average volatility of 0.519%.
Our recommended stop-loss: $44.55 (-5.40%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (QARP) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect DBX ETF Trust - Xtrackers Russell 1000 US Quality at a Reasonable Price ETF to open at $47.12, and during the day (based on 14 day Average True Range), to move between $46.69 and $47.49, which gives a possible trading interval of +/-$0.402 (+/-0.85%) up or down from last closing price. If DBX ETF Trust - Xtrackers Russell 1000 US Quality at a Reasonable Price ETF takes out the full calculated possible swing range there will be an estimated 1.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $47.33 (0.51%) than the support at $46.69 (0.85%), 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 DBX ETF Trust - Xtrackers Russell 1000 US Quality at a Reasonable Price 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 DBX Trust - Xtrackers Russell 1000 US ETF to perform well in the short-term period.
Current score: 2.824 Buy Candidate Unchanged
Predicted Opening Price for DBX ETF Trust - Xtrackers Russell 1000 US Quality at a Reasonable Price ETF of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$47.12 ( 0.0708%) | $47.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QARP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 47.26 | 0.368 % | |
R2 | 47.21 | 0.255 % | ||
R1 | 47.18 | 0.184 % | ||
Current price: | 47.09 | |||
Support | S1 | 47.07 | -0.0428 % | |
S2 | 47.04 | -0.113 % | ||
S3 | 46.98 | -0.227 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 48.18 | 2.31 % | |
R2 | 48.10 | 2.14 % | ||
R1 | 47.33 | 0.510 % | ||
Current price | 47.09 | |||
Support | S1 | 46.69 | -0.85% | |
S2 | 46.52 | -1.21% | ||
S3 | 46.19 | -1.91% |
QARP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2024 | Mar 15, 2024 | Mar 22, 2024 | $0.171 | 0.352% |
2 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.157 | 0.357% |
3 | Feb 27, 2023 | Sep 15, 2023 | Sep 22, 2023 | $0.139 | 0.334% |
4 | Feb 27, 2023 | Jun 23, 2023 | Jun 30, 2023 | $0.150 | 0.357% |
5 | Feb 27, 2023 | Mar 17, 2023 | Mar 24, 2023 | $0.125 | 0.329% |
FAQ
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