Ubs(lux)fund Solutions – Msci Emu ETF Forecast
Evaluation of Ubs(lux)fund Solutions – Msci Emu ETF downgraded after the last trading session.
(Updated on Jun 26, 2024)
The Ubs(lux)fund Solutions – Msci Emu ETF price gained 0.0992% on the last trading day (Wednesday, 26th Jun 2024), rising from £10,082.00 to £10,092.00. During the last trading day the ETF fluctuated 0.712% from a day low at £10,060.39 to a day high of £10,132.00. The price has been going up and down for this period, and there has been a -2.1% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately £41.22 million.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £9,996.52 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 3.90% during the next 3 months and, with a 90% probability hold a price between £10,385.89 and £11,051.81 at the end of this 3-month period.
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UB39.L Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ubs(lux)fund Solutions – Msci Emu 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 £10,103.19 and £10,250.80. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -0.552%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Ubs(lux)fund Solutions – Msci Emu ETF
Ubs(lux)fund Solutions – Msci Emu finds support from accumulated volume at £9,970.00 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 £71.61 between high and low, or 0.712%. For the last week the ETF has had daily average volatility of 0.519%.
Our recommended stop-loss: £9,654.77 (-4.33%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (UB39.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Ubs(lux)fund Solutions – Msci Emu Socially Responsible Ucits Etf(eur)a-dis to open at £10,094.80, and during the day (based on 14 day Average True Range), to move between £9,998.24 and £10,185.76, which gives a possible trading interval of +/-£93.76 (+/-0.93%) up or down from last closing price. If Ubs(lux)fund Solutions – Msci Emu Socially Responsible Ucits Etf(eur)a-dis takes out the full calculated possible swing range there will be an estimated 1.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £10,146.00 (0.54%) than the support at £9,970.00 (1.21%), 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 Ubs(lux)fund Solutions – Msci Emu Socially Responsible Ucits Etf(eur)a-dis ETF A Buy?
Ubs(lux)fund Solutions – Msci Emu 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: 0.170 Hold/Accumulate Downgraded
Predicted Opening Price for Ubs(lux)fund Solutions – Msci Emu Socially Responsible Ucits Etf(eur)a-dis of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
£10,094.80 ( 0.0277%) | £10,092.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UB39.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 10,166.41 | 0.737% |
R2 | 10,139.05 | 0.466% |
R1 | 10,122.15 | 0.299% |
Price | 10,092.00 | |
S1 | 10,067.44 | -0.243% |
S2 | 10,050.54 | -0.411% |
S3 | 10,023.19 | -0.682% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 10,379.00 | 2.84% |
R2 | 10,192.00 | 0.99% |
R1 | 10,146.00 | 0.535% |
Price | 10,092.00 | |
S1 | 9,970.00 | -1.21% |
S2 | 9,847.00 | -2.43% |
S3 | 9,839.00 | -2.51% |
FAQ
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