Xtrackers Ii Eur Corporate Bond Ucits ETF Forecast
Green day on Wednesday for Xtrackers Ii Eur Corporate Bond Ucits
(Updated on Jun 19, 2024)
The Xtrackers Ii Eur Corporate Bond Ucits ETF price gained 0.0429% on the last trading day (Wednesday, 19th Jun 2024), rising from 151.50€ to 151.57€. During the last trading day the ETF fluctuated 0% from a day low at 151.57€ to a day high of 151.57€. The price has been going up and down for this period, and there has been a 0.25% gain for the last 2 weeks. Volume fell on the last day by -230 shares and in total, 0 shares were bought and sold for approximately 0€ . 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 ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 151.79€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Xtrackers Ii Eur Corporate Bond Ucits ETF with a 90% probability to be traded between 150.06€ and 151.92€ 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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XBLC.L Signals & Forecast
The Xtrackers Ii Eur Corporate Bond Ucits 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 151.33€ and 150.92€. 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 Monday, June 17, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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. The ETF had a Golden Star Signal on Wednesday, June 12, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, October 09, 2023.
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.
Golden Star
The ETF had a Golden Star Signal on Wednesday, June 12, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, October 09, 2023.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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Wednesday, June 12, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, October 09, 2023.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.
A buy signal from a double bottom formation was found on Wednesday, May 29, 2024 and based on theory for this formation the price should go up by 0.220% to 151.91€ within 22 trading days since signal was issued (Friday, June 28, 2024).
Support, Risk & Stop-loss for Xtrackers Ii Eur Corporate Bond Ucits ETF
Xtrackers Ii Eur Corporate Bond Ucits finds support from accumulated volume at 151.41€ 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 0.124%
Our recommended stop-loss: 146.62€ (-3.26%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (XBLC.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Xtrackers Ii Eur Corporate Bond Ucits Etf to open at 151.57€, and during the day (based on 14 day Average True Range), to move between 151.24€ and 151.89€, which gives a possible trading interval of +/-0.328€ (+/-0.22%) up or down from last closing price. If Xtrackers Ii Eur Corporate Bond Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 151.68€ (0.08%) than the support at 151.41€ (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 Ii Eur Corporate Bond Ucits Etf ETF A Buy?
Xtrackers Ii Eur Corporate Bond Ucits 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: 0.444 Hold/Accumulate Unchanged
Predicted Opening Price for Xtrackers Ii Eur Corporate Bond Ucits Etf of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| 151.57€ ( 0%) | 151.57€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XBLC.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 151.57 | - |
| R2 | 151.57 | - |
| R1 | 151.57 | - |
| Price | 151.57 | |
| S1 | 151.57 | - |
| S2 | 151.57 | - |
| S3 | 151.57 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 151.68 | 0.0759% |
| Price | 151.57 | |
| S1 | 151.41 | -0.102% |
| S2 | 151.28 | -0.188% |
| S3 | 150.84 | -0.478% |
FAQ
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