Xtrackers Msci Malaysia Ucits Etf ETF Forecast

Stronger technical forecast for Xtrackers Msci Malaysia Ucits Etf ETF price after Wednesday trading.
(Updated on Jun 19, 2024)

XCS3.L Signals & Forecast

The Xtrackers Msci Malaysia Ucits Etf 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 $10.99 and $10.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 0.434%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The ETF had a Golden Star Signal on Thursday, April 18, 2024 in the short-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 $10.99 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 0.386%

Our recommended stop-loss: $10.36 (-5.84%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (XCS3.L) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Xtrackers Msci Malaysia Ucits Etf to open at $11.00, and during the day (based on 14 day Average True Range), to move between $10.90 and $11.10, which gives a possible trading interval of +/-$0.102 (+/-0.92%) 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 1.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $10.99 (0.07%) than the resistance at $11.01 (0.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Xtrackers Msci Malaysia Ucits Etf ETF A Buy?

Xtrackers Msci Malaysia Ucits Etf holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.283 Strong Buy Candidate Upgraded

Predicted Opening Price for Xtrackers Msci Malaysia Ucits Etf of Thursday, June 20, 2024

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