Xtrackers Harvest Csi300 Ucits Etf ETF Forecast

Xtrackers Harvest Csi300 Ucits Etf ETF downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)

RQFI.F Signals & Forecast

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. The Xtrackers Harvest Csi300 Ucits Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 8.70€ and 8.86€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -6.32%. 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.

Support, Risk & Stop-loss for Xtrackers Harvest Csi300 Ucits Etf ETF

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

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 0.0350€ between high and low, or 0.410%. For the last week the ETF has had daily average volatility of 0.511%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RQFI.F) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Xtrackers Harvest Csi300 Ucits Etf to open at 8.56€, and during the day (based on 14 day Average True Range), to move between 8.47€ and 8.62€, which gives a possible trading interval of +/-0.0726€ (+/-0.85%) up or down from last closing price. If Xtrackers Harvest Csi300 Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.70% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ 8.66€, some 0.116€ (1.36%) from the current price of 8.54€, our system finds the risk reward not very attractive.

Is Xtrackers Harvest Csi300 Ucits Etf ETF A Buy?

Xtrackers Harvest Csi300 Ucits Etf holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.383 Sell Candidate Downgraded

Predicted Opening Price for Xtrackers Harvest Csi300 Ucits Etf of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.