Xtrackers Ii Italy Government Bond 0-1 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
Green day on Friday for Xtrackers Ii Italy Government Bond 0-1
(Updated on Jun 28, 2024)
The Xtrackers Ii Italy Government Bond 0-1 ETF price gained 0.0462% on the last trading day (Friday, 28th Jun 2024), rising from 32.48€ to 32.50€. During the last trading day the ETF fluctuated 0.0924% from a day low at 32.48€ to a day high of 32.51€. The price has risen in 6 of the last 10 days and is up by 0.18% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 766 more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately 38.12€ thousand.
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 32.51€ will give a strong buy signal and a trend shift could 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 32.71€ and 32.78€ 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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XBOT.MI 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 32.47€ and 32.41€. 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). Xtrackers Ii Italy Government Bond 0-1 has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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%. Further fall is indicated until a new bottom pivot has been found.
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 with good liquidity the risk is considered very low in this stock. 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 0.0862%.
Our recommended stop-loss: 30.94€ (-4.80%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 46 days ago.)
Trading Expectations (XBOT.MI) 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 32.50€, and during the day (based on 14 day Average True Range), to move between 32.46€ and 32.53€, which gives a possible trading interval of +/-0.0385€ (+/-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.
With no resistance above and support from accumulated volume @ 32.31€, some 0.185€ (0.57%) from the current price of 32.50€, our system finds the risk reward attractive.
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.
Current score: 1.372 Buy Candidate Unchanged
Predicted Opening Price for Xtrackers Ii Italy Government Bond 0-1 Swap Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 32.50€ ( 0%) | 32.50€ |
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 | 32.53 | 0.0923% |
| R2 | 32.51 | 0.0571% |
| R1 | 32.51 | 0.0353% |
| Price | 32.50 | |
| S1 | 32.48 | -0.0353% |
| S2 | 32.48 | -0.0571% |
| S3 | 32.47 | -0.0923% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 32.50 | |
| S1 | 32.31 | -0.569% |
| S2 | 32.28 | -0.662% |
| S3 | 32.24 | -0.785% |
FAQ
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