Xtrackers Msci World Consumer Staples ETF Forecast
Xtrackers Msci World Consumer Staples ETF downgraded to Hold/Accumulate
(Updated on Jun 20, 2024)
The Xtrackers Msci World Consumer Staples ETF price gained 0.149% on the last trading day (Thursday, 20th Jun 2024), rising from 43.65€ to 43.72€. During the last trading day the ETF fluctuated 0.367% from a day low at 43.64€ to a day high of 43.80€. The price has risen in 6 of the last 10 days but is still down by -0.33% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately 381.02€ thousand.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 5.10% during the next 3 months and, with a 90% probability hold a price between 45.13€ and 46.55€ at the end of this 3-month period.
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XDWS.F Signals & Forecast
The Xtrackers Msci World Consumer Staples 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 43.56€ and 43.39€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Xtrackers Msci World Consumer Staples 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. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -0.603%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Friday, December 29, 2023 in the long-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 12 Months
The ETF had a Golden Star Signal on Friday, December 29, 2023 in the long-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 Msci World Consumer Staples ETF
Xtrackers Msci World Consumer Staples finds support from accumulated volume at 43.67€ 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 0.160€ between high and low, or 0.367%. For the last week the ETF has had daily average volatility of 0.469%.
Our recommended stop-loss: 42.09€ (-3.71%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (XDWS.F) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Xtrackers Msci World Consumer Staples Ucits Etf to open at 43.72€, and during the day (based on 14 day Average True Range), to move between 43.43€ and 44.00€, which gives a possible trading interval of +/-0.287€ (+/-0.66%) up or down from last closing price. If Xtrackers Msci World Consumer Staples Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 43.76€ (0.10%) than the support at 43.67€ (0.10%), 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 Consumer Staples Ucits Etf ETF A Buy?
Xtrackers Msci World Consumer Staples 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.789 Hold/Accumulate Downgraded
Predicted Opening Price for Xtrackers Msci World Consumer Staples Ucits Etf of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| 43.72€ ( 0.0076%) | 43.72€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XDWS.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.88 | 0.374% |
| R2 | 43.82 | 0.234% |
| R1 | 43.78 | 0.147% |
| Price | 43.72 | |
| S1 | 43.66 | -0.132% |
| S2 | 43.62 | -0.219% |
| S3 | 43.56 | -0.358% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.98 | 0.606% |
| R2 | 43.86 | 0.332% |
| R1 | 43.76 | 0.103% |
| Price | 43.72 | |
| S1 | 43.67 | -0.103% |
| S2 | 42.62 | -2.50% |
| S3 | 42.49 | -2.80% |
FAQ
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