Xtrackers (ie) Plc - Xtrackers ETF Forecast
Xtrackers (ie) Plc - Xtrackers ETF price ended at 15.36€ on Friday, after gaining 1.05%.
(Updated on Jun 28, 2024)
The Xtrackers (ie) Plc - Xtrackers ETF price gained 1.05% on the last trading day (Friday, 28th Jun 2024), rising from 15.20€ to 15.36€. It has now gained 5 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 1.09% from a day low at 15.20€ to a day high of 15.37€. The price has risen in 7 of the last 10 days and is up by 1.88% over the past 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 12 thousand shares were bought and sold for approximately 185.40€ 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 has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. 15.31€ is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the ETF is predicted to reach 16.06€ sometime during the next 3 months.
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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. 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 15.09€ and 15.08€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 3.39%. 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 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.
A sell signal from a double top formation was found on Monday, June 10, 2024 and based on theory for this formation the price should fall by -4.27% to 14.71€ within 25 trading days since signal was issued (Monday, July 15, 2024).
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 0.166€ between high and low, or 1.09%. For the last week the ETF has had daily average volatility of 0.699%
Our recommended stop-loss: 14.58€ (-5.09%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (XDNY.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xtrackers (ie) Plc - Xtrackers Jpx-nikkei 400 Ucits Etf 1d to open at 15.31€, and during the day (based on 14 day Average True Range), to move between 15.23€ and 15.50€, which gives a possible trading interval of +/-0.132€ (+/-0.86%) 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 1.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 15.39€ (0.17%) than the support at 15.11€ (1.65%), 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 (ie) Plc - Xtrackers Jpx-nikkei 400 Ucits Etf 1d ETF A Buy?
Xtrackers (ie) Plc - Xtrackers 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: 0.758 Hold/Accumulate Unchanged
Predicted Opening Price for Xtrackers (ie) Plc - Xtrackers Jpx-nikkei 400 Ucits Etf 1d of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 15.31€ ( 0.334%) | 15.36€ |
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 | 15.48 | 0.746% |
| R2 | 15.42 | 0.334% |
| R1 | 15.38 | 0.0786% |
| Price | 15.36 | |
| S1 | 15.25 | -0.747% |
| S2 | 15.21 | -1.00% |
| S3 | 15.15 | -1.41% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.46 | 0.625% |
| R2 | 15.45 | 0.560% |
| R1 | 15.39 | 0.169% |
| Price | 15.36 | |
| S1 | 15.11 | -1.65% |
| S2 | 14.98 | -2.50% |
| S3 | 14.76 | -3.93% |
FAQ
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