Xtrackers Ii Eurozone Government Bond ETF Forecast

Evaluation of Xtrackers Ii Eurozone Government Bond ETF downgraded after the last trading session.
(Updated on Jun 28, 2024)

X03B.F Signals & Forecast

The Xtrackers Ii Eurozone Government Bond 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 155.01€ and 154.62€. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the ETF should be watched more closely at it may be a "turning point". 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 Tuesday, June 25, 2024, and so far it has fallen -0.0258%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 03, 2024.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for Xtrackers Ii Eurozone Government Bond ETF

Xtrackers Ii Eurozone Government Bond finds support from accumulated volume at 154.40€ 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 0.0500€ between high and low, or 0.0323%. For the last week the ETF has had daily average volatility of 0.0361%.

The Xtrackers Ii Eurozone Government Bond 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. 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: 146.98€ (-5.18%) (This ETF has low daily movements and this gives low risk. The RSI14 is 86 and this increases the risk substantially. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (X03B.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Xtrackers Ii Eurozone Government Bond 1-3 Ucits Etf to open at 155.01€, and during the day (based on 14 day Average True Range), to move between 154.90€ and 155.12€, which gives a possible trading interval of +/-0.114€ (+/-0.07%) up or down from last closing price. If Xtrackers Ii Eurozone Government Bond 1-3 Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 155.02€ (0.01%) than the support at 154.40€ (0.39%), 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 Xtrackers Ii Eurozone Government Bond 1-3 Ucits Etf ETF A Buy?

Xtrackers Ii Eurozone Government Bond 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: 0.811 Hold/Accumulate Downgraded

Predicted Opening Price for Xtrackers Ii Eurozone Government Bond 1-3 Ucits Etf of Monday, July 1, 2024

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