Ubs(lux)fund Solutions – Msci ETF Forecast

Ubs(lux)fund Solutions – Msci ETF upgraded to Strong Buy Candidate.
(Updated on Jun 19, 2024)

UC93.L Signals & Forecast

The Ubs(lux)fund Solutions – Msci ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately £2,555.43. On a fall, the ETF will find some support from the long-term average at approximately £2,506.68. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The ETF had a Golden Star Signal on Tuesday, October 10, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for Ubs(lux)fund Solutions – Msci ETF

Ubs(lux)fund Solutions – Msci finds support from accumulated volume at £2,431.50 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 0.149%

Our recommended stop-loss: £2,395.51 (-5.80%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (UC93.L) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Ubs(lux)fund Solutions – Msci Switzerland 20/35 Ucits Etf(hedged Gbp)a-acc to open at £2,543.00, and during the day (based on 14 day Average True Range), to move between £2,524.88 and £2,561.12, which gives a possible trading interval of +/-£18.12 (+/-0.71%) up or down from last closing price. If Ubs(lux)fund Solutions – Msci Switzerland 20/35 Ucits Etf(hedged Gbp)a-acc takes out the full calculated possible swing range there will be an estimated 1.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £2,557.00 (0.55%) than the support at £2,431.50 (4.38%), 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 Switzerland 20/35 Ucits Etf(hedged Gbp)a-acc ETF A Buy?

Ubs(lux)fund Solutions – Msci holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.048 Strong Buy Candidate Upgraded

Predicted Opening Price for Ubs(lux)fund Solutions – Msci Switzerland 20/35 Ucits Etf(hedged Gbp)a-acc of Thursday, June 20, 2024

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