Xtrackers Ii Esg Global Aggregate Bond ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Xtrackers Ii Esg Global Aggregate Bond ETF after losing 0%
(Updated on Jun 28, 2024)
No changes to the price of Xtrackers Ii Esg Global Aggregate Bond ETF on the last trading day (Friday, 28th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at 53.93 Fr to a day high of 53.93 Fr. The price has been going up and down for this period, and there has been a -0.17% loss for the last 2 weeks.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 53.83 Fr will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Xtrackers Ii Esg Global Aggregate Bond ETF with a 90% probability to be traded between 54.60 Fr and 55.18 Fr at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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XBAU.SW Signals & Forecast
The Xtrackers Ii Esg Global Aggregate 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 53.92 Fr and 53.67 Fr. 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 Friday, June 14, 2024, and so far it has fallen -0.167%. 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 Xtrackers Ii Esg Global Aggregate Bond ETF
Xtrackers Ii Esg Global Aggregate Bond finds support from accumulated volume at 53.46 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 Fr between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0030%
Our recommended stop-loss: 51.96 Fr (-3.67%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (XBAU.SW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xtrackers Ii Esg Global Aggregate Bond Etf to open at 53.93 Fr, and during the day (based on 14 day Average True Range), to move between 53.85 Fr and 54.02 Fr, which gives a possible trading interval of +/-0.0886 Fr (+/-0.16%) up or down from last closing price. If Xtrackers Ii Esg Global Aggregate Bond Etf takes out the full calculated possible swing range there will be an estimated 0.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 53.96 Fr (0.04%) than the support at 53.46 Fr (0.88%), 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 Esg Global Aggregate Bond Etf ETF A Buy?
Xtrackers Ii Esg Global Aggregate 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 Xtrackers Ii Esg Global Aggregate Bond Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 53.93 Fr ( 0%) | 53.93 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XBAU.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 53.93 | - |
| R2 | 53.93 | - |
| R1 | 53.93 | - |
| Price | 53.93 | |
| S1 | 53.93 | - |
| S2 | 53.93 | - |
| S3 | 53.93 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 54.02 | 0.167% |
| R1 | 53.96 | 0.0445% |
| Price | 53.93 | |
| S1 | 53.46 | -0.88% |
| S2 | 53.45 | -0.90% |
| S3 | 53.39 | -1.02% |
FAQ
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