Xtrackers Csi300 Swap Ucits Etf ETF Forecast

Xtrackers Csi300 Swap Ucits Etf ETF upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Jun 19, 2024)

XCHA.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 0.568%. Further rise is indicated until a new top pivot has been found. 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. The Xtrackers Csi300 Swap Ucits Etf ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $13.55. On a fall, the ETF will find some support from the short-term average at $13.27. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 Csi300 Swap Ucits Etf ETF

Xtrackers Csi300 Swap Ucits Etf finds support from accumulated volume at $13.17 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 0.219%

Our recommended stop-loss: $12.45 (-6.19%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)

Trading Expectations (XCHA.L) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Xtrackers Csi300 Swap Ucits Etf to open at $13.28, and during the day (based on 14 day Average True Range), to move between $13.18 and $13.37, which gives a possible trading interval of +/-$0.0987 (+/-0.74%) up or down from last closing price. If Xtrackers Csi300 Swap Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $13.38 (0.79%) than the support at $13.17 (0.79%), 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 Csi300 Swap Ucits Etf ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Xtrackers Csi300 Swap Ucits Etf ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.022 Buy Candidate Upgraded

Predicted Opening Price for Xtrackers Csi300 Swap Ucits Etf of Thursday, June 20, 2024

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