Ubs (lux) Fund Solutions – Msci World ETF Forecast

Ubs (lux) Fund Solutions – Msci World ETF downgraded to Hold/Accumulate
(Updated on Jun 28, 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 331.18€ and 322.90€. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". 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€ between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0787%

The Ubs (lux) Fund Solutions – Msci World ETF is extremely overbought on RSI14 (89). This increases the short-term risk substantially.

Our recommended stop-loss: 320.17€ (-3.36%) (This ETF has low daily movements and this gives low risk. The RSI14 is 89 and this increases the risk substantially. There is a sell signal from a pivot top found 42 days ago.)

Trading Expectations (WRDEUA.MI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Ubs (lux) Fund Solutions – Msci World Ucits Etf to open at 331.31€, and during the day (based on 14 day Average True Range), to move between 330.05€ and 332.57€, which gives a possible trading interval of +/-1.26€ (+/-0.38%) 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 0.76% 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?

Ubs (lux) Fund Solutions – Msci World holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Ubs (lux) Fund Solutions – Msci World Ucits Etf of Monday, July 1, 2024

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