Xtrackers Msci Malaysia Ucits Etf ETF Forecast
Weaker technical forecast for Xtrackers Msci Malaysia Ucits Etf as ETF downgraded to Sell Candidate.
(Updated on Jun 26, 2024)
The Xtrackers Msci Malaysia Ucits Etf ETF price gained 0.231% on the last trading day (Wednesday, 26th Jun 2024), rising from $10.80 to $10.83. During the last trading day the ETF fluctuated 0% from a day low at $10.83 to a day high of $10.83. The price has been going up and down for this period, and there has been a -1.14% loss for the last 2 weeks. Volume fell on the last day by -2 shares and in total, 0 shares were bought and sold for approximately $0 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $10.81 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 7.51% during the next 3 months and, with a 90% probability hold a price between $11.63 and $12.35 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
XCS3.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 0.231%. 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. The Xtrackers Msci Malaysia Ucits Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $10.90 and $10.97. A break-up above any of these levels will issue buy signals. 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 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.
Golden Star
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 $10.43 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 0.314%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XCS3.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Xtrackers Msci Malaysia Ucits Etf to open at $10.83, and during the day (based on 14 day Average True Range), to move between $10.74 and $10.91, which gives a possible trading interval of +/-$0.0894 (+/-0.83%) 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 1.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.88 (0.51%) than the support at $10.43 (3.65%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.144 Sell Candidate Downgraded
Predicted Opening Price for Xtrackers Msci Malaysia Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $10.83 ( 0.00000000%) | $10.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XCS3.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.83 | 0.00000000% |
| R2 | 10.83 | 0.00000000% |
| R1 | 10.83 | 0.00000000% |
| Price | 10.83 | |
| S1 | 10.83 | 0.00000000% |
| S2 | 10.83 | 0.00000000% |
| S3 | 10.83 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.99 | 1.52% |
| R2 | 10.90 | 0.647% |
| R1 | 10.88 | 0.508% |
| Price | 10.83 | |
| S1 | 10.43 | -3.65% |
| S2 | 10.37 | -4.20% |
| S3 | 10.33 | -4.57% |
FAQ
Click here for our free guide on how to buy Xtrackers Msci Malaysia Ucits Etf ETF.
