Xtrackers Ii Italy Government Bond 0-1 ETF Forecast

Xtrackers Ii Italy Government Bond 0-1 ETF price ended at 32.49€ on Friday, after losing 0%.
(Updated on Jun 28, 2024)

XBO2.F Signals & Forecast

The Xtrackers Ii Italy Government Bond 0-1 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 32.48€ and 32.42€. A breakdown below any of these levels will issue sell signals. 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 Thursday, June 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Italy Government Bond 0-1 ETF

Xtrackers Ii Italy Government Bond 0-1 finds support from accumulated volume at 32.47€ 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 0.0020€ between high and low, or 0.0062%. For the last week the ETF has had daily average volatility of 0.0493%

The Xtrackers Ii Italy Government Bond 0-1 ETF is extremely overbought on RSI14 (90). This increases the short-term risk substantially.

Our recommended stop-loss: 31.17€ (-4.05%) (This ETF has low daily movements and this gives low risk. The RSI14 is 90 and this increases the risk substantially. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (XBO2.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Xtrackers Ii Italy Government Bond 0-1 Swap Ucits Etf to open at 32.49€, and during the day (based on 14 day Average True Range), to move between 32.47€ and 32.51€, which gives a possible trading interval of +/-0.0193€ (+/-0.06%) up or down from last closing price. If Xtrackers Ii Italy Government Bond 0-1 Swap Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.12% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 32.47€, some 0.0180€ (0.06%) from the current price of 32.49€, our system finds the risk reward attractive.

Is Xtrackers Ii Italy Government Bond 0-1 Swap Ucits Etf ETF A Buy?

Xtrackers Ii Italy Government Bond 0-1 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: 0.482 Hold/Accumulate Unchanged

Predicted Opening Price for Xtrackers Ii Italy Government Bond 0-1 Swap Ucits Etf of Monday, July 1, 2024

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