Xtrackers Us Green Infrastructure Select ETF Forecast
Evaluation of Xtrackers Us Green Infrastructure Select ETF downgraded after the last trading session.
(Updated on Jun 20, 2024)
The Xtrackers Us Green Infrastructure Select ETF price fell by -1.66% on the last day (Thursday, 20th Jun 2024) from $19.09 to $18.77. It has now fallen 5 days in a row. During the last trading day the ETF fluctuated 0.751% from a day low at $18.77 to a day high of $18.91. The price has fallen in 8 of the last 10 days and is down by -5.93% for this period. Volume has increased on the last day by 189 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 203 shares were bought and sold for approximately $3.81 thousand.
The ETF lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 3.26% during the next 3 months and, with a 90% probability hold a price between $18.92 and $20.93 at the end of this 3-month period.
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UPGR Signals & Forecast
There are few to no technical positive signals at the moment. The Xtrackers Us Green Infrastructure Select 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 $19.33 and $19.37. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -6.75%. 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). Xtrackers Us Green Infrastructure Select 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Xtrackers Us Green Infrastructure Select ETF
Xtrackers Us Green Infrastructure Select finds support from accumulated volume at $18.55 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 $0.141 between high and low, or 0.751%. For the last week the ETF has had daily average volatility of 0.377%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UPGR) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Xtrackers Us Green Infrastructure Select Equity Etf to open at $18.82, and during the day (based on 14 day Average True Range), to move between $18.47 and $19.07, which gives a possible trading interval of +/-$0.299 (+/-1.59%) up or down from last closing price. If Xtrackers Us Green Infrastructure Select Equity Etf takes out the full calculated possible swing range there will be an estimated 3.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.55 (1.17%) than the resistance at $19.02 (1.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xtrackers Us Green Infrastructure Select Equity Etf ETF A Buy?
The Xtrackers Us Green Infrastructure Select ETF holds several negative signals and despite the positive trend, we believe Xtrackers Us Green Infrastructure Select 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: -2.346 Sell Candidate Downgraded
Predicted Opening Price for Xtrackers Us Green Infrastructure Select Equity Etf of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
$18.82 ( 0.250%) | $18.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UPGR
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 18.96 | 1.00% |
R2 | 18.90 | 0.715% |
R1 | 18.87 | 0.537% |
Price | 18.77 | |
S1 | 18.76 | -0.0366% |
S2 | 18.73 | -0.214% |
S3 | 18.68 | -0.501% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 20.03 | 6.70% |
R2 | 19.82 | 5.60% |
R1 | 19.02 | 1.34% |
Price | 18.77 | |
S1 | 18.55 | -1.17% |
S2 | 18.15 | -3.30% |
S3 | 17.90 | -4.63% |
UPGR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 15, 2024 | Mar 22, 2024 | $0.0408 | 0.212% |
2 | Dec 14, 2023 | Dec 15, 2023 | Dec 22, 2023 | $0.0427 | 0.200% |
3 | Sep 14, 2023 | Sep 15, 2023 | Sep 22, 2023 | $0.0253 | 0.123% |
FAQ
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