Xtrackers Ii Italy Government Bond 0-1 ETF Forecast
Weaker technical forecast for Xtrackers Ii Italy Government Bond 0-1 as ETF downgraded to Buy Candidate.
(Updated on Jun 26, 2024)
The Xtrackers Ii Italy Government Bond 0-1 ETF price fell by -0.108% on the last day (Wednesday, 26th Jun 2024) from 32.50€ to 32.46€. During the last trading day the ETF fluctuated 0.0924% from a day low at 32.46€ to a day high of 32.49€. The price has risen in 5 of the last 10 days and is up by 0.12% 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 -665 shares and in total, 703 shares were bought and sold for approximately 22.82€ 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 Italy Government Bond 0-1 ETF with a 90% probability to be traded between 32.70€ and 32.77€ 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
XBOT.MI Signals & Forecast
The Xtrackers Ii Italy Government Bond 0-1 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 32.46€. On a fall, the ETF will find some support from the long-term average at approximately 32.40€. 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 Tuesday, June 25, 2024, and so far it has fallen -0.108%. 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.
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 32.31€ 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 0.0300€ between high and low, or 0.0924%. For the last week the ETF has had daily average volatility of 0.0986%
Our recommended stop-loss: 30.86€ (-4.94%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (XBOT.MI) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Xtrackers Ii Italy Government Bond 0-1 Swap Ucits Etf to open at 32.47€, and during the day (based on 14 day Average True Range), to move between 32.42€ and 32.50€, which gives a possible trading interval of +/-0.0393€ (+/-0.12%) 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 0.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 32.47€ (0.02%) than the support at 32.31€ (0.46%), 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 Italy Government Bond 0-1 Swap 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 Italy Government Bond 0-1 ETF to perform well in the short-term period. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.789 Buy Candidate Downgraded
Predicted Opening Price for Xtrackers Ii Italy Government Bond 0-1 Swap Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 32.47€ ( 0.0308%) | 32.46€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XBOT.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.50 | 0.123% |
| R2 | 32.49 | 0.0879% |
| R1 | 32.48 | 0.0661% |
| Price | 32.46 | |
| S1 | 32.46 | -0.0045% |
| S2 | 32.45 | -0.0263% |
| S3 | 32.44 | -0.0616% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.50 | 0.108% |
| R2 | 32.48 | 0.0462% |
| R1 | 32.47 | 0.0154% |
| Price | 32.46 | |
| S1 | 32.31 | -0.462% |
| S2 | 32.24 | -0.678% |
| S3 | 32.21 | -0.770% |
FAQ
Click here for our free guide on how to buy Xtrackers Ii Italy Government Bond 0-1 Swap Ucits Etf ETF.
