Ubs (lux) Fund Solutions – Factor Msci ETF Forecast

Stronger technical forecast for Ubs (lux) Fund Solutions – Factor Msci ETF price after Thursday trading.
(Updated on Jun 20, 2024)

UIM2.F Signals & Forecast

The Ubs (lux) Fund Solutions – Factor Msci ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 27.17€ and 27.10€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Ubs (lux) Fund Solutions – Factor Msci has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Wednesday, June 12, 2024, and so far it has fallen -1.77%. Further fall is indicated until a new bottom pivot has been found.

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

Ubs (lux) Fund Solutions – Factor Msci finds support from accumulated volume at 27.16€ 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 0.260€ between high and low, or 0.97%. For the last week the ETF has had daily average volatility of 0.84%.

Our recommended stop-loss: 25.99€ (-4.41%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 35 days ago.)

Trading Expectations (UIM2.F) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Ubs (lux) Fund Solutions – Factor Msci Emu Quality Ucits Etf to open at 27.10€, and during the day (based on 14 day Average True Range), to move between 26.94€ and 27.44€, which gives a possible trading interval of +/-0.253€ (+/-0.93%) up or down from last closing price. If Ubs (lux) Fund Solutions – Factor Msci Emu Quality Ucits Etf 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 support from accumulated volume at 27.16€ (0.11%) than the resistance at 27.25€ (0.22%), 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 – Factor Msci Emu Quality 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 – Factor Msci 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: 2.814 Buy Candidate Upgraded

Predicted Opening Price for Ubs (lux) Fund Solutions – Factor Msci Emu Quality Ucits Etf of Friday, June 21, 2024

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