Robeco Sustainable Global Stars Equities Trust Forecast
Robeco Sustainable Global Stars Equities trust price ended at 76.83€ on Thursday, after gaining 0.326%.
(Updated on Jun 27, 2024)
The Robeco Sustainable Global Stars Equities trust price gained 0.326% on the last trading day (Thursday, 27th Jun 2024), rising from 76.58€ to 76.83€. During the last trading day the trust fluctuated 0% from a day low at 76.83€ to a day high of 76.83€. The price has risen in 8 of the last 10 days and is up by 2.56% over the past 2 weeks.
The trust lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 77.26€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the trust is expected to rise 6.78% during the next 3 months and, with a 90% probability hold a price between 78.85€ and 82.50€ at the end of this 3-month period.
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ROBA.AS Signals & Forecast
The Robeco Sustainable Global Stars Equities trust 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 76.57€ and 74.42€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 9.49%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Robeco Sustainable Global Stars Equities trust
On the downside, the trust finds support just below today's level from accumulated volume at 72.61€ and 72.29€. There is a natural risk involved when a trust is testing a support level, since if this is broken, the trust then may fall to the next support level. In this case, Robeco Sustainable Global Stars Equities finds support just below today's level at 72.61€. If this is broken, then the next support from accumulated volume will be at 72.29€ and 72.24€.
In general the trust 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 trust During the last day, the trust moved 0€ between high and low, or 0%. For the last week the trust has had daily average volatility of 0%
Our recommended stop-loss: 74.46€ (-3.08%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 63 days ago.)
Trading Expectations (ROBA.AS) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Robeco Sustainable Global Stars Equities Fund to open at 76.83€, and during the day (based on 14 day Average True Range), to move between 76.46€ and 77.20€, which gives a possible trading interval of +/-0.371€ (+/-0.48%) up or down from last closing price. If Robeco Sustainable Global Stars Equities Fund takes out the full calculated possible swing range there will be an estimated 0.97% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 72.61€, some 4.22€ (5.49%) from the current price of 76.83€, our system finds the risk reward attractive.
Is Robeco Sustainable Global Stars Equities Fund trust A Buy?
Robeco Sustainable Global Stars Equities 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Robeco Sustainable Global Stars Equities Fund of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 76.83€ ( 0%) | 76.83€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ROBA.AS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 76.83 | - |
| R2 | 76.83 | - |
| R1 | 76.83 | - |
| Price | 76.83 | |
| S1 | 76.83 | - |
| S2 | 76.83 | - |
| S3 | 76.83 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 76.83 | |
| S1 | 72.61 | -5.49% |
| S2 | 72.29 | -5.91% |
| S3 | 72.24 | -5.97% |
FAQ
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