Ubs (lux) Fund Solutions – Msci Emu ETF Forecast

Ubs (lux) Fund Solutions – Msci Emu ETF downgraded to Hold/Accumulate
(Updated on Jun 27, 2024)

UEFD.AS Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.0082%. 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. 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 122.62€ and 126.34€. A break-up above any of these levels will issue buy signals. 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 Friday, June 30, 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 Emu ETF

Ubs (lux) Fund Solutions – Msci Emu finds support from accumulated volume at 121.41€ 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 controlled movements and therefore the general risk is considered 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 1.70€ between high and low, or 1.40%. For the last week the ETF has had daily average volatility of 0.590%.

Ubs (lux) Fund Solutions – Msci Emu is oversold on RSI14 (27). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: 113.58€ (-6.46%) (This ETF has low daily movements and this gives low risk. Low RSI14 is 27 which reduces the risk some. There is a buy signal from a pivot bottom found 22 days ago.)

Trading Expectations (UEFD.AS) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Ubs (lux) Fund Solutions – Msci Emu Small Cap Ucits Etf to open at 121.89€, and during the day (based on 14 day Average True Range), to move between 120.34€ and 122.50€, which gives a possible trading interval of +/-1.08€ (+/-0.89%) up or down from last closing price. If Ubs (lux) Fund Solutions – Msci Emu Small Cap Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 121.41€ (0.01%) than the resistance at 124.14€ (2.24%), 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 (lux) Fund Solutions – Msci Emu Small Cap Ucits Etf 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: 0.186 Hold/Accumulate Downgraded

Predicted Opening Price for Ubs (lux) Fund Solutions – Msci Emu Small Cap Ucits Etf of Friday, June 28, 2024

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