Ubs (lux) Fund Solutions – Sbi Foreign ETF Forecast

Stronger technical forecast for Ubs (lux) Fund Solutions – Sbi Foreign ETF price after Friday trading.
(Updated on Jun 28, 2024)

UEFY.F Signals & Forecast

The Ubs (lux) Fund Solutions – Sbi Foreign 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 11.97€. On a fall, the ETF will find some support from the long-term average at approximately 11.75€. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -0.640%. 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). 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.

Support, Risk & Stop-loss for Ubs (lux) Fund Solutions – Sbi Foreign ETF

Ubs (lux) Fund Solutions – Sbi Foreign finds support from accumulated volume at 11.70€ 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 0.0190€ between high and low, or 0.159%. For the last week the ETF has had daily average volatility of 0.205%

Our recommended stop-loss: 11.50€ (-3.77%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)

Trading Expectations (UEFY.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ubs (lux) Fund Solutions – Sbi Foreign Aaa-bbb 1-5 Esg Ucits Etf to open at 11.95€, and during the day (based on 14 day Average True Range), to move between 11.90€ and 12.00€, which gives a possible trading interval of +/-0.0504€ (+/-0.42%) up or down from last closing price. If Ubs (lux) Fund Solutions – Sbi Foreign Aaa-bbb 1-5 Esg Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 12.01€ (0.46%) than the support at 11.70€ (2.10%), 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 – Sbi Foreign Aaa-bbb 1-5 Esg Ucits Etf ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ubs (lux) Fund Solutions – Sbi Foreign ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.148 Buy Candidate Upgraded

Predicted Opening Price for Ubs (lux) Fund Solutions – Sbi Foreign Aaa-bbb 1-5 Esg Ucits Etf of Monday, July 1, 2024

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