Ubs(lux)fund Solutions – Msci Emu ETF Forecast

Ubs(lux)fund Solutions – Msci Emu ETF downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)

UIMR.F Signals & Forecast

There are few to no technical positive signals at the moment. 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 119.37€ and 120.54€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -3.01%. 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). Ubs(lux)fund Solutions – Msci Emu gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

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

Ubs(lux)fund Solutions – Msci Emu finds support from accumulated volume at 116.22€ 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 0.84€ between high and low, or 0.709%. For the last week the ETF has had daily average volatility of 0.629%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

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

For the upcoming trading day on Monday, 1st we expect Ubs(lux)fund Solutions – Msci Emu Socially Responsible Ucits Etf(eur)a-dis to open at 118.79€, and during the day (based on 14 day Average True Range), to move between 117.48€ and 119.56€, which gives a possible trading interval of +/-1.04€ (+/-0.88%) up or down from last closing price. If Ubs(lux)fund Solutions – Msci Emu Socially Responsible Ucits Etf(eur)a-dis takes out the full calculated possible swing range there will be an estimated 1.76% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 118.64€ (0.10%) than the support at 116.22€ (1.94%), 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 Emu Socially Responsible Ucits Etf(eur)a-dis ETF A Buy?

The Ubs(lux)fund Solutions – Msci Emu ETF holds several negative signals and despite the positive trend, we believe Ubs(lux)fund Solutions – Msci Emu will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.563 Sell Candidate Downgraded

Predicted Opening Price for Ubs(lux)fund Solutions – Msci Emu Socially Responsible Ucits Etf(eur)a-dis of Monday, July 1, 2024

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