Xtrackers (ie) Plc - Xtrackers ETF Forecast

Stronger technical forecast for Xtrackers (ie) Plc - Xtrackers ETF price after Tuesday trading.
(Updated on Jun 25, 2024)

XDNG.L Signals & Forecast

The Xtrackers (ie) Plc - Xtrackers ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £2,631.78 and £2,632.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 6.31%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The ETF had a Golden Star Signal on Friday, May 10, 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 (ie) Plc - Xtrackers ETF

Xtrackers (ie) Plc - Xtrackers finds support from accumulated volume at £2,618.50 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 £2.59 between high and low, or 0.0965%. For the last week the ETF has had daily average volatility of 0.278%

Our recommended stop-loss: £2,596.82 (-3.32%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 63 days ago.)

Trading Expectations (XDNG.L) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Xtrackers (ie) Plc - Xtrackers Jpx-nikkei 400 Ucits Etf 2d - Gbp Hedged to open at £2,685.14, and during the day (based on 14 day Average True Range), to move between £2,663.13 and £2,708.87, which gives a possible trading interval of +/-£22.87 (+/-0.85%) up or down from last closing price. If Xtrackers (ie) Plc - Xtrackers Jpx-nikkei 400 Ucits Etf 2d - Gbp Hedged takes out the full calculated possible swing range there will be an estimated 1.70% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ £2,618.50, some £67.50 (2.51%) from the current price of £2,686.00, our system finds the risk reward attractive.

Is Xtrackers (ie) Plc - Xtrackers Jpx-nikkei 400 Ucits Etf 2d - Gbp Hedged ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Xtrackers (ie) Plc - Xtrackers ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.122 Buy Candidate Upgraded

Predicted Opening Price for Xtrackers (ie) Plc - Xtrackers Jpx-nikkei 400 Ucits Etf 2d - Gbp Hedged of Wednesday, June 26, 2024

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