Xtrackers Harvest Csi300 Ucits Etf ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Xtrackers Harvest Csi300 Ucits Etf ETF price up 0.269% on Friday
(Updated on Jun 28, 2024)
The Xtrackers Harvest Csi300 Ucits Etf ETF price gained 0.269% on the last trading day (Friday, 28th Jun 2024), rising from 8.56€ to 8.58€. During the last trading day the ETF fluctuated 0.233% from a day low at 8.58€ to a day high of 8.60€. The price has fallen in 6 of the last 10 days and is down by -2.53% for this period. Volume fell on the last day by -54 thousand shares and in total, 36 thousand shares were bought and sold for approximately 308.46€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 8.54€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Xtrackers Harvest Csi300 Ucits Etf ETF with a 90% probability to be traded between 8.45€ and 8.99€ 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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RQFI.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 0.398%. 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. 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 8.61€ and 8.82€. A break-up above any of these levels will issue buy signals. 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 also not.
Support, Risk & Stop-loss for Xtrackers Harvest Csi300 Ucits Etf ETF
Xtrackers Harvest Csi300 Ucits Etf finds support from accumulated volume at 8.57€ 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 0.0200€ between high and low, or 0.233%. For the last week the ETF has had daily average volatility of 0.502%
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect Xtrackers Harvest Csi300 Ucits Etf to open at 8.58€, and during the day (based on 14 day Average True Range), to move between 8.50€ and 8.65€, which gives a possible trading interval of +/-0.0735€ (+/-0.86%) 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 1.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 8.57€ (0.09%) than the resistance at 8.72€ (1.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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.
Current score: -1.923 Sell Candidate Unchanged
Predicted Opening Price for Xtrackers Harvest Csi300 Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 8.58€ ( 0.0777%) | 8.58€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RQFI.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.60 | 0.311% |
| R2 | 8.60 | 0.222% |
| R1 | 8.59 | 0.167% |
| Price | 8.58 | |
| S1 | 8.58 | -0.0113% |
| S2 | 8.57 | -0.0664% |
| S3 | 8.56 | -0.155% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.12 | 6.32% |
| R2 | 8.77 | 2.24% |
| R1 | 8.72 | 1.66% |
| Price | 8.58 | |
| S1 | 8.57 | -0.0933% |
| S2 | 8.56 | -0.268% |
| S3 | 8.54 | -0.396% |
RQFI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Feb 21, 2024 | Mar 07, 2024 | 0.0797€ | 0% |
| 2 | Aug 23, 2023 | Aug 23, 2023 | Sep 07, 2023 | 0.0720€ | 0% |
| 3 | Feb 08, 2023 | Feb 08, 2023 | Feb 24, 2023 | 0.0947€ | 0% |
| 4 | Aug 10, 2022 | Aug 10, 2022 | Aug 25, 2022 | 0.0676€ | 0% |
| 5 | Apr 27, 2022 | Apr 27, 2022 | May 03, 2022 | 0.135€ | 0% |
FAQ
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