Xtrackers Msci India Swap Ucits Etf ETF Forecast
Xtrackers Msci India Swap Ucits Etf ETF price up 0.0981% on Friday
(Updated on Jun 28, 2024)
The Xtrackers Msci India Swap Ucits Etf ETF price gained 0.0981% on the last trading day (Friday, 28th Jun 2024), rising from 20.39€ to 20.41€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.491% from a day low at 20.39€ to a day high of 20.49€. The price has risen in 7 of the last 10 days and is up by 1.57% 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, 59 thousand more shares were traded than the day before. In total, 73 thousand shares were bought and sold for approximately 1.49€ million.
The ETF has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at 20.02€, a level that may pose a second chance to hit a runner. According to fan-theory 21.36€ will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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XCS5.F Signals & Forecast
The Xtrackers Msci India Swap 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 20.17€ and 19.43€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 12.12%. 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). Xtrackers Msci India Swap Ucits Etf 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Xtrackers Msci India Swap Ucits Etf ETF
On the downside, the ETF finds support just below today's level from accumulated volume at 19.36€ and 18.49€. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Xtrackers Msci India Swap Ucits Etf finds support just below today's level at 19.36€. If this is broken, then the next support from accumulated volume will be at 18.49€ and 18.45€.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved 0.1000€ between high and low, or 0.491%. For the last week, the ETF has had daily average volatility of 0.490%.
The Xtrackers Msci India Swap Ucits Etf ETF is extremely overbought on RSI14 (78). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken.
Our recommended stop-loss: 19.34€ (-5.20%) (This ETF has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (XCS5.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xtrackers Msci India Swap Ucits Etf to open at 20.43€, and during the day (based on 14 day Average True Range), to move between 20.19€ and 20.62€, which gives a possible trading interval of +/-0.214€ (+/-1.05%) up or down from last closing price. If Xtrackers Msci India Swap Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.10% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 19.36€, some 1.05€ (5.12%) from the current price of 20.41€, our system finds the risk reward attractive.
Is Xtrackers Msci India Swap Ucits Etf ETF A Buy?
Xtrackers Msci India Swap Ucits Etf holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Xtrackers Msci India Swap Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 20.43€ ( 0.0980%) | 20.41€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XCS5.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.53 | 0.588% |
| R2 | 20.49 | 0.401% |
| R1 | 20.46 | 0.285% |
| Price | 20.41 | |
| S1 | 20.39 | -0.0892% |
| S2 | 20.36 | -0.205% |
| S3 | 20.33 | -0.392% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 20.41 | |
| S1 | 19.36 | -5.12% |
| S2 | 18.49 | -9.38% |
| S3 | 18.45 | -9.58% |
FAQ
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