Ubs (lux) Fund Solutions – Msci World ETF Forecast

Ubs (lux) Fund Solutions – Msci World ETF upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)

WRDEUA.MI Signals & Forecast

The Ubs (lux) Fund Solutions – Msci World 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 330.67€ and 321.86€. 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). 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 Thursday, June 20, 2024, and so far it has fallen -0.322%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

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

Ubs (lux) Fund Solutions – Msci World finds support from accumulated volume at 330.52€ 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 0.360€ between high and low, or 0.109%. For the last week the ETF has had daily average volatility of 0.139%

The Ubs (lux) Fund Solutions – Msci World ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the ETF manages to break the trend before that occurs.

Our recommended stop-loss: 321.34€ (-3.01%) (This ETF has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 40 days ago.)

Trading Expectations (WRDEUA.MI) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Ubs (lux) Fund Solutions – Msci World Ucits Etf to open at 331.43€, and during the day (based on 14 day Average True Range), to move between 329.83€ and 332.79€, which gives a possible trading interval of +/-1.48€ (+/-0.45%) up or down from last closing price. If Ubs (lux) Fund Solutions – Msci World Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 330.52€ (0.24%) than the resistance at 332.38€ (0.32%), 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 – Msci World 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 – Msci World 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: 1.763 Buy Candidate Upgraded

Predicted Opening Price for Ubs (lux) Fund Solutions – Msci World Ucits Etf of Thursday, June 27, 2024

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