Xtrackers Msci Ac Asia Ex Japan Esg Swap ETF Forecast

Red day on Wednesday for Xtrackers Msci Ac Asia Ex Japan Esg Swap ETF after losing 0%
(Updated on Jul 03, 2024)

XAXD.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 0.331%. 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. The Xtrackers Msci Ac Asia Ex Japan Esg Swap ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at £44.37. On a fall, the ETF will find some support from the short-term average at £43.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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. The ETF had a Golden Star Signal on Wednesday, April 24, 2024 in the long-term chart.

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 Msci Ac Asia Ex Japan Esg Swap ETF

Xtrackers Msci Ac Asia Ex Japan Esg Swap finds support from accumulated volume at £43.89 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 0.231%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (XAXD.L) For The Upcoming Trading Day Of Thursday 4th

For the upcoming trading day on Thursday, 4th we expect Xtrackers Msci Ac Asia Ex Japan Esg Swap Ucits Etf to open at £43.94, and during the day (based on 14 day Average True Range), to move between £43.63 and £44.24, which gives a possible trading interval of +/-£0.303 (+/-0.69%) up or down from last closing price. If Xtrackers Msci Ac Asia Ex Japan Esg Swap Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £43.97 (0.08%) than the support at £43.89 (0.10%), 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 Msci Ac Asia Ex Japan Esg Swap Ucits Etf ETF A Buy?

Xtrackers Msci Ac Asia Ex Japan Esg Swap holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -1.607 Sell Candidate Unchanged

Predicted Opening Price for Xtrackers Msci Ac Asia Ex Japan Esg Swap Ucits Etf of Thursday, July 4, 2024

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