Ubs (lux) Fund Solutions – Bloomberg ETF Forecast

Red day on Friday for Ubs (lux) Fund Solutions – Bloomberg ETF after losing 0.142%
(Updated on Jun 28, 2024)

UET0.F Signals & Forecast

The Ubs (lux) Fund Solutions – Bloomberg 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 14.46€. On a fall, the ETF will find some support from the long-term average at approximately 14.39€. 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 Friday, June 14, 2024, and so far it has fallen -0.558%. 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. The ETF had a Golden Star Signal on Friday, May 31, 2024 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 – Bloomberg ETF

Ubs (lux) Fund Solutions – Bloomberg finds support from accumulated volume at 14.11€ 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 0.0485€ between high and low, or 0.336%. For the last week the ETF has had daily average volatility of 0.400%

Our recommended stop-loss: 13.84€ (-4.18%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 52 days ago.)

Trading Expectations (UET0.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ubs (lux) Fund Solutions – Bloomberg Msci Us Liquid Corporates Sustainable Ucits Etf to open at 14.46€, and during the day (based on 14 day Average True Range), to move between 14.38€ and 14.51€, which gives a possible trading interval of +/-0.0650€ (+/-0.45%) up or down from last closing price. If Ubs (lux) Fund Solutions – Bloomberg Msci Us Liquid Corporates Sustainable Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 14.49€ (0.33%) than the support at 14.11€ (2.29%), 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 – Bloomberg Msci Us Liquid Corporates Sustainable 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 – Bloomberg ETF to perform well in the short-term.

Current score: 1.511 Buy Candidate Unchanged

Predicted Opening Price for Ubs (lux) Fund Solutions – Bloomberg Msci Us Liquid Corporates Sustainable Ucits Etf of Monday, July 1, 2024

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