Xtrackers Msci Malaysia Ucits Etf ETF Forecast

Green day on Friday for Xtrackers Msci Malaysia Ucits Etf
(Updated on Jun 28, 2024)

XCS3.F Signals & Forecast

There are few to no technical positive signals at the moment. The Xtrackers Msci Malaysia 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 10.16€. On a fall, the ETF will find some support from the short-term average at 10.13€. 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. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -1.27%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Tuesday, January 02, 2024 in the long-term chart.

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.

Support, Risk & Stop-loss for Xtrackers Msci Malaysia Ucits Etf ETF

Xtrackers Msci Malaysia Ucits Etf finds support from accumulated volume at 10.11€ 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 0.0400€ between high and low, or 0.395%. For the last week the ETF has had daily average volatility of 0.618%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (XCS3.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Xtrackers Msci Malaysia Ucits Etf to open at 10.14€, and during the day (based on 14 day Average True Range), to move between 10.05€ and 10.21€, which gives a possible trading interval of +/-0.0790€ (+/-0.78%) up or down from last closing price. If Xtrackers Msci Malaysia Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 10.15€ (0.14%) than the support at 10.11€ (0.22%), 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 Msci Malaysia Ucits Etf ETF A Buy?

The Xtrackers Msci Malaysia Ucits Etf ETF holds several negative signals and despite the positive trend, we believe Xtrackers Msci Malaysia Ucits Etf will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -1.609 Sell Candidate Unchanged

Predicted Opening Price for Xtrackers Msci Malaysia Ucits Etf of Monday, July 1, 2024

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