Xtrackers (ie) Plc - Xtrackers ETF Forecast
Weaker technical forecast for Xtrackers (ie) Plc - Xtrackers as ETF downgraded to Sell Candidate.
(Updated on Jun 26, 2024)
The Xtrackers (ie) Plc - Xtrackers ETF price gained 0.0264% on the last trading day (Wednesday, 26th Jun 2024), rising from 15.16€ to 15.16€. 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 0.620% from a day low at 15.15€ to a day high of 15.24€. The price has risen in 6 of the last 10 days but is still down by -0.52% for this period. Volume fell on the last day by -31 thousand shares and in total, 11 thousand shares were bought and sold for approximately 170.54€ thousand. 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 the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 15.29€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -2.64% during the next 3 months and, with a 90% probability hold a price between 14.09€ and 14.89€ at the end of this 3-month period. 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.
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XDNY.F 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 14.97€ and 15.06€. A breakdown below any of these levels will issue sell signals. 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 Monday, June 10, 2024, and so far it has fallen -1.37%. Further fall is indicated until a new bottom pivot has been found. 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 31, 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 Friday, May 31, 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 15.11€ 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 0.0940€ between high and low, or 0.620%. For the last week the ETF has had daily average volatility of 0.505%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XDNY.F) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Xtrackers (ie) Plc - Xtrackers Jpx-nikkei 400 Ucits Etf 1d to open at 15.18€, and during the day (based on 14 day Average True Range), to move between 15.03€ and 15.29€, which gives a possible trading interval of +/-0.131€ (+/-0.87%) up or down from last closing price. If Xtrackers (ie) Plc - Xtrackers Jpx-nikkei 400 Ucits Etf 1d takes out the full calculated possible swing range there will be an estimated 1.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 15.11€ (0.33%) than the resistance at 15.26€ (0.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xtrackers (ie) Plc - Xtrackers Jpx-nikkei 400 Ucits Etf 1d ETF A Buy?
Xtrackers (ie) Plc - Xtrackers holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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: -1.701 Sell Candidate Downgraded
Predicted Opening Price for Xtrackers (ie) Plc - Xtrackers Jpx-nikkei 400 Ucits Etf 1d of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 15.18€ ( 0.163%) | 15.16€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XDNY.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.28 | 0.783% |
| R2 | 15.24 | 0.546% |
| R1 | 15.22 | 0.400% |
| Price | 15.16 | |
| S1 | 15.15 | -0.0742% |
| S2 | 15.13 | -0.220% |
| S3 | 15.09 | -0.457% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.76 | 3.96% |
| R2 | 15.74 | 3.83% |
| R1 | 15.26 | 0.660% |
| Price | 15.16 | |
| S1 | 15.11 | -0.330% |
| S2 | 14.98 | -1.19% |
| S3 | 14.76 | -2.64% |
FAQ
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