Xtrackers Msci Europe Ucits Etf 2c - Usd ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Xtrackers Msci Europe Ucits Etf 2c - Usd ETF after losing 0.543%
(Updated on Jun 28, 2024)
The Xtrackers Msci Europe Ucits Etf 2c - Usd ETF price fell by -0.543% on the last day (Friday, 28th Jun 2024) from $17.13 to $17.04. During the last trading day the ETF fluctuated 0.258% from a day low at $17.03 to a day high of $17.07. The price has fallen in 5 of the last 10 days but is still up by 0.48% over the past 2 weeks. Volume has increased on the last day by 912 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 912 thousand shares were bought and sold for approximately $15.54 million.
Given the current short-term trend, the ETF is expected to rise 4.69% during the next 3 months and, with a 90% probability hold a price between $17.84 and $18.69 at the end of this 3-month period.
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XEOU.L Signals & Forecast
There are few to no technical positive signals at the moment. The Xtrackers Msci Europe Ucits Etf 2c - Usd ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $17.14 and $17.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -2.60%. 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 rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Xtrackers Msci Europe Ucits Etf 2c - Usd ETF
Xtrackers Msci Europe Ucits Etf 2c - Usd finds support from accumulated volume at $16.61 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 $0.0440 between high and low, or 0.258%. For the last week the ETF has had daily average volatility of 0.219%.
Our recommended stop-loss: $16.22 (-4.78%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 50 days ago.)
Trading Expectations (XEOU.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xtrackers Msci Europe Ucits Etf 2c - Usd Hedged to open at $17.05, and during the day (based on 14 day Average True Range), to move between $16.92 and $17.15, which gives a possible trading interval of +/-$0.111 (+/-0.65%) up or down from last closing price. If Xtrackers Msci Europe Ucits Etf 2c - Usd Hedged 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 $17.06 (0.14%) than the support at $16.61 (2.50%), 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 Europe Ucits Etf 2c - Usd Hedged ETF A Buy?
Xtrackers Msci Europe Ucits Etf 2c - Usd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Xtrackers Msci Europe Ucits Etf 2c - Usd Hedged of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $17.05 ( 0.0548%) | $17.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XEOU.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.09 | 0.313% |
| R2 | 17.07 | 0.214% |
| R1 | 17.06 | 0.153% |
| Price | 17.04 | |
| S1 | 17.03 | -0.0439% |
| S2 | 17.02 | -0.105% |
| S3 | 17.00 | -0.203% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.48 | 2.64% |
| R2 | 17.13 | 0.546% |
| R1 | 17.06 | 0.141% |
| Price | 17.04 | |
| S1 | 16.61 | -2.50% |
| S2 | 16.41 | -3.67% |
| S3 | 16.38 | -3.85% |
FAQ
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