Ubs (lux) Fund Solutions – Msci Japan ETF Forecast
Ubs (lux) Fund Solutions – Msci Japan ETF upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The Ubs (lux) Fund Solutions – Msci Japan ETF price gained 1.24% on the last trading day (Friday, 28th Jun 2024), rising from 50.71€ to 51.34€. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 1.10% from a day low at 50.85€ to a day high of 51.41€. The price has risen in 7 of the last 10 days and is up by 1.99% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately 194.77€ thousand.
The ETF has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. 51.24€ is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the ETF is predicted to reach 53.86€ sometime during the next 3 months.
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UIM5.F Signals & Forecast
The Ubs (lux) Fund Solutions – Msci Japan 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 50.37€ and 50.36€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 3.54%. Further rise is indicated until a new top pivot has been found. Ubs (lux) Fund Solutions – Msci Japan 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. Higher liquidity also reduces the general risk. 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). The ETF had a Golden Star Signal on Friday, May 31, 2024 in the short-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.
Golden Star
The ETF had a Golden Star Signal on Friday, May 31, 2024 in the short-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.
A sell signal from a double top formation was found on Monday, June 10, 2024 and based on theory for this formation the price should fall by -4.28% to 49.14€ within 25 trading days since signal was issued (Monday, July 15, 2024).
Support, Risk & Stop-loss for Ubs (lux) Fund Solutions – Msci Japan ETF
Ubs (lux) Fund Solutions – Msci Japan finds support from accumulated volume at 50.73€ 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 0.560€ between high and low, or 1.10%. For the last week the ETF has had daily average volatility of 0.638%.
Our recommended stop-loss: 48.46€ (-5.60%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (UIM5.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ubs (lux) Fund Solutions – Msci Japan Ucits Etf to open at 51.20€, and during the day (based on 14 day Average True Range), to move between 50.89€ and 51.78€, which gives a possible trading interval of +/-0.442€ (+/-0.86%) up or down from last closing price. If Ubs (lux) Fund Solutions – Msci Japan Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 51.34€ (0.01%) than the support at 50.73€ (1.18%), 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 Japan Ucits Etf ETF A Buy?
Several short-term signals are positive and the ETF has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Ubs (lux) Fund Solutions – Msci Japan ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.884 Buy Candidate Upgraded
Predicted Opening Price for Ubs (lux) Fund Solutions – Msci Japan Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 51.20€ ( 0.270%) | 51.34€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UIM5.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 51.76 | 0.82% |
| R2 | 51.54 | 0.404% |
| R1 | 51.41 | 0.147% |
| Price | 51.34 | |
| S1 | 50.98 | -0.687% |
| S2 | 50.85 | -0.94% |
| S3 | 50.64 | -1.36% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 51.60 | 0.514% |
| R2 | 51.57 | 0.456% |
| R1 | 51.34 | 0.0078% |
| Price | 51.34 | |
| S1 | 50.73 | -1.18% |
| S2 | 50.24 | -2.13% |
| S3 | 50.07 | -2.47% |
FAQ
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