Xtrackers (ie) Plc - Xtrackers ETF Forecast
Xtrackers (ie) Plc - Xtrackers ETF price ended at $16.19 on Tuesday, after gaining 1.27%.
(Updated on Jun 25, 2024)
The Xtrackers (ie) Plc - Xtrackers ETF price gained 1.27% on the last trading day (Tuesday, 25th Jun 2024), rising from $15.99 to $16.19. During the last trading day the ETF fluctuated 0.217% from a day low at $16.16 to a day high of $16.20. The price has risen in 5 of the last 10 days but is still down by -1.11% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 19 thousand shares were bought and sold for approximately $302.75 thousand.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.76% during the next 3 months and, with a 90% probability hold a price between $15.06 and $15.98 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.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 2.19%. Further rise is indicated until a new top pivot has been found. Xtrackers (ie) Plc - Xtrackers has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Xtrackers (ie) Plc - Xtrackers 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 $16.26. On a fall, the ETF will find some support from the short-term average at $15.98. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Friday, June 21, 2024 and based on theory for this formation the price should go up by 3.58% to $16.77 within 38 trading days since signal was issued (Wednesday, August 14, 2024).
Support, Risk & Stop-loss for Xtrackers (ie) Plc - Xtrackers ETF
Xtrackers (ie) Plc - Xtrackers finds support from accumulated volume at $16.10 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 $0.0350 between high and low, or 0.217%. For the last week the ETF has had daily average volatility of 0.464%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XDNY.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 1d to open at $16.18, and during the day (based on 14 day Average True Range), to move between $16.03 and $16.35, which gives a possible trading interval of +/-$0.160 (+/-0.99%) 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 1.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.10 (0.57%) than the resistance at $16.29 (0.60%), 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 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: -1.504 Sell Candidate Unchanged
Predicted Opening Price for Xtrackers (ie) Plc - Xtrackers Jpx-nikkei 400 Ucits Etf 1d of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $16.18 ( 0.0618%) | $16.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XDNY.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.22 | 0.154% |
| R2 | 16.20 | 0.0718% |
| R1 | 16.20 | 0.0208% |
| Price | 16.19 | |
| S1 | 16.17 | -0.144% |
| S2 | 16.16 | -0.195% |
| S3 | 16.15 | -0.278% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.00 | 4.99% |
| R2 | 16.50 | 1.90% |
| R1 | 16.29 | 0.602% |
| Price | 16.19 | |
| S1 | 16.10 | -0.571% |
| S2 | 16.03 | -1.00% |
| S3 | 15.99 | -1.25% |
XDNY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Feb 21, 2024 | Mar 07, 2024 | $0.123 | 0.719% |
| 2 | Aug 23, 2023 | Aug 23, 2023 | Sep 07, 2023 | $0.136 | 0.92% |
| 3 | Feb 08, 2023 | Feb 08, 2023 | Feb 24, 2023 | $0.133 | 1.00% |
| 4 | Aug 10, 2022 | Aug 10, 2022 | Aug 25, 2022 | $0.150 | 1.12% |
| 5 | Apr 27, 2022 | Apr 27, 2022 | May 03, 2022 | $0.234 | 1.70% |
FAQ
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