Xtrackers Msci World Minimum Volatility ETF Forecast
Green day on Monday for Xtrackers Msci World Minimum Volatility
(Updated on Jun 17, 2024)
The Xtrackers Msci World Minimum Volatility ETF price gained 0.0920% on the last trading day (Monday, 17th Jun 2024), rising from £3,262.00 to £3,265.00. During the last trading day the ETF fluctuated 0.276% from a day low at £3,256.00 to a day high of £3,265.00. The price has been going up and down for this period, and there has been a 0.85% gain for the last 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 2 thousand shares were bought and sold for approximately £5.73 million. 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 is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Xtrackers Msci World Minimum Volatility ETF with a 90% probability to be traded between £3,170.92 and £3,241.83 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
XDEB.L Signals & Forecast
There are mixed signals in the ETF today. The Xtrackers Msci World Minimum Volatility 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 £3,281.00. On a fall, the ETF will find some support from the short-term average at £3,263.51. 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 Thursday, June 06, 2024, and so far it has fallen -0.702%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.
Support, Risk & Stop-loss for Xtrackers Msci World Minimum Volatility ETF
Xtrackers Msci World Minimum Volatility finds support from accumulated volume at £3,252.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved £9.00 between high and low, or 0.276%. For the last week the ETF has had daily average volatility of 0.381%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XDEB.L) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Xtrackers Msci World Minimum Volatility Ucits Etf to open at £3,262.00, and during the day (based on 14 day Average True Range), to move between £3,247.17 and £3,282.83, which gives a possible trading interval of +/-£17.83 (+/-0.55%) up or down from last closing price. If Xtrackers Msci World Minimum Volatility Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £3,267.00 (0.06%) than the support at £3,252.00 (0.40%), 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 World Minimum Volatility Ucits Etf ETF A Buy?
Xtrackers Msci World Minimum Volatility holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -2.133 Sell Candidate Unchanged
Predicted Opening Price for Xtrackers Msci World Minimum Volatility Ucits Etf of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| £3,262.00 ( 0.0919%) | £3,265.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XDEB.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,271.00 | 0.184% |
| R2 | 3,267.56 | 0.0785% |
| R1 | 3,265.44 | 0.0134% |
| Price | 3,265.00 | |
| S1 | 3,258.56 | -0.197% |
| S2 | 3,256.44 | -0.262% |
| S3 | 3,253.00 | -0.368% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,275.00 | 0.306% |
| R2 | 3,268.00 | 0.0919% |
| R1 | 3,267.00 | 0.0613% |
| Price | 3,265.00 | |
| S1 | 3,252.00 | -0.398% |
| S2 | 3,238.50 | -0.81% |
| S3 | 3,236.00 | -0.89% |
FAQ
Click here for our free guide on how to buy Xtrackers Msci World Minimum Volatility Ucits Etf ETF.
