Xtrackers Ii Eur Corporate Bond Ucits 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 Wednesday for Xtrackers Ii Eur Corporate Bond Ucits
(Updated on Jun 26, 2024)
The Xtrackers Ii Eur Corporate Bond Ucits ETF price fell by -0.175% on the last day (Wednesday, 26th Jun 2024) from 151.75€ to 151.48€. During the last trading day the ETF fluctuated 0.132% from a day low at 151.48€ to a day high of 151.68€. The price has risen in 5 of the last 10 days and is up by 0.78% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -33 thousand shares and in total, 329 shares were bought and sold for approximately 49.84€ thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can 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 150.39€ and 152.21€ 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 a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately 151.59€. On a fall, the ETF will find some support from the long-term average at approximately 151.03€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, June 19, 2024, and so far it has fallen -0.263%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. 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 sell signal from a double top formation was found on Wednesday, June 19, 2024 and based on theory for this formation the price should fall by -1.71% to 148.89€ within 22 trading days since signal was issued (Friday, July 19, 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 0.200€ between high and low, or 0.132%. For the last week the ETF has had daily average volatility of 0.179%
Our recommended stop-loss: 145.78€ (-3.76%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (XBLC.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Xtrackers Ii Eur Corporate Bond Ucits Etf to open at 151.55€, and during the day (based on 14 day Average True Range), to move between 151.11€ and 151.85€, which gives a possible trading interval of +/-0.373€ (+/-0.25%) 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 0.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 151.49€ (0.01%) than the support at 151.41€ (0.05%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Xtrackers Ii Eur Corporate Bond Ucits ETF to perform well in the short-term period.
Current score: 1.137 Buy Candidate Unchanged
Predicted Opening Price for Xtrackers Ii Eur Corporate Bond Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 151.55€ ( 0.0440%) | 151.48€ |
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 | 151.75 | 0.176% |
| R2 | 151.67 | 0.126% |
| R1 | 151.62 | 0.0944% |
| Price | 151.48 | |
| S1 | 151.47 | -0.0064% |
| S2 | 151.42 | -0.0376% |
| S3 | 151.35 | -0.0880% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 151.75 | 0.175% |
| R2 | 151.52 | 0.0264% |
| R1 | 151.49 | 0.0066% |
| Price | 151.48 | |
| S1 | 151.41 | -0.0462% |
| S2 | 151.28 | -0.132% |
| S3 | 150.63 | -0.561% |
FAQ
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