Ubs (lux) Fund Solutions – Msci World ETF Forecast
Ubs (lux) Fund Solutions – Msci World ETF price up 0.98% on Friday
(Updated on Jun 28, 2024)
The Ubs (lux) Fund Solutions – Msci World ETF price gained 0.98% on the last trading day (Friday, 28th Jun 2024), rising from 28.17 Fr to 28.44 Fr. It has now gained 3 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 0.529% from a day low at 28.35 Fr to a day high of 28.50 Fr. The price has risen in 6 of the last 10 days and is up by 2.43% over the past 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 1 thousand shares were bought and sold for approximately 29.61 Fr thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a 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 3.53% during the next 3 months and, with a 90% probability hold a price between 28.17 Fr and 29.94 Fr at the end of this 3-month period.
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WSRUS.SW 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 28.15 Fr and 27.85 Fr. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 4.16%. Further rise is indicated until a new top pivot has been found. 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. 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 28.16 Fr 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 0.150 Fr between high and low, or 0.529%. For the last week the ETF has had daily average volatility of 0.287%
Our recommended stop-loss: 27.09 Fr (-4.75%) (This ETF has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (WSRUS.SW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ubs (lux) Fund Solutions – Msci World Socially Responsible Ucits Etf to open at 28.43 Fr, and during the day (based on 14 day Average True Range), to move between 28.25 Fr and 28.63 Fr, which gives a possible trading interval of +/-0.187 Fr (+/-0.66%) up or down from last closing price. If Ubs (lux) Fund Solutions – Msci World Socially Responsible Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 28.49 Fr (0.18%) than the support at 28.16 Fr (0.98%), 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 World Socially Responsible 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.
Current score: 4.492 Buy Candidate Unchanged
Predicted Opening Price for Ubs (lux) Fund Solutions – Msci World Socially Responsible Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 28.43 Fr ( 0.0352%) | 28.44 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WSRUS.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.58 | 0.492% |
| R2 | 28.52 | 0.291% |
| R1 | 28.49 | 0.166% |
| Price | 28.44 | |
| S1 | 28.37 | -0.237% |
| S2 | 28.34 | -0.361% |
| S3 | 28.28 | -0.563% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 28.49 | 0.176% |
| Price | 28.44 | |
| S1 | 28.16 | -0.98% |
| S2 | 28.12 | -1.13% |
| S3 | 27.56 | -3.09% |
FAQ
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