Ubs Etf - Bloomberg Barclays Usd ETF Forecast

Weaker technical forecast for Ubs Etf - Bloomberg Barclays Usd as ETF downgraded to Hold/Accumulate.
(Updated on Jun 19, 2024)

SBEG.L 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 Ubs Etf - Bloomberg Barclays Usd ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £811.55 and £808.55. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -1.07%. 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. The very low volume increases the risk and reduces the other technical signals issued.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Wednesday, June 12, 2024 and based on theory for this formation the price should fall by -2.50% to £787.79 within 17 trading days since signal was issued (Friday, July 05, 2024).

Support, Risk & Stop-loss for Ubs Etf - Bloomberg Barclays Usd ETF

Ubs Etf - Bloomberg Barclays Usd finds support from accumulated volume at £807.13 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.151%

Our recommended stop-loss: £775.77 (-3.99%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (SBEG.L) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Ubs Etf - Bloomberg Barclays Usd Emerging Markets Sovereign Ucits Etf to open at £808.00, and during the day (based on 14 day Average True Range), to move between £803.50 and £812.50, which gives a possible trading interval of +/-£4.50 (+/-0.56%) up or down from last closing price. If Ubs Etf - Bloomberg Barclays Usd Emerging Markets Sovereign Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £807.13 (0.11%) than the resistance at £810.38 (0.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ubs Etf - Bloomberg Barclays Usd Emerging Markets Sovereign Ucits Etf ETF A Buy?

Ubs Etf - Bloomberg Barclays Usd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.260 Hold/Accumulate Downgraded

Predicted Opening Price for Ubs Etf - Bloomberg Barclays Usd Emerging Markets Sovereign Ucits Etf of Thursday, June 20, 2024

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