Xtrackers MSCI India Swap UCITS ETF Forecast

Xtrackers MSCI India Swap UCITS ETF downgraded to Hold/Accumulate
(Updated on May 29, 2024)

XCX5.L Signals & Forecast

The Xtrackers MSCI India Swap UCITS 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 £1,640.57 and £1,612.32. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Xtrackers MSCI India Swap UCITS ETF

Xtrackers MSCI India Swap UCITS finds support from accumulated volume at £1,625.50 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 0.423%

Our recommended stop-loss: £1,596.05 (-3.62%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (XCX5.L) For The Upcoming Trading Day Of Thursday 30th

For the upcoming trading day on Thursday, 30th we expect Xtrackers MSCI India Swap UCITS ETF to open at £1,656.00, and during the day (based on 14 day Average True Range), to move between £1,642.10 and £1,669.90, which gives a possible trading interval of +/-£13.90 (+/-0.84%) 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 1.68% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ £1,625.50, some £30.50 (1.84%) from the current price of £1,656.00, our system finds the risk reward attractive.

Is Xtrackers MSCI India Swap UCITS ETF ETF A Buy?

Xtrackers MSCI India Swap UCITS 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

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 Thursday, May 30, 2024

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