Xtrackers Euro Stoxx 50 Ucits Etf ETF Forecast
Xtrackers Euro Stoxx 50 Ucits Etf ETF upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
No changes to the price of Xtrackers Euro Stoxx 50 Ucits Etf ETF on the last trading day (Friday, 28th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at £7,007.00 to a day high of £7,007.00. The price has been going up and down for this period, and there has been a 1.88% gain for the last 2 weeks.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Xtrackers Euro Stoxx 50 Ucits Etf ETF with a 90% probability to be traded between £6,836.85 and £7,287.08 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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XESC.L Signals & Forecast
There are few to no technical positive signals at the moment. The Xtrackers Euro Stoxx 50 Ucits Etf 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 £7,018.71 and £7,145.90. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -0.758%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Xtrackers Euro Stoxx 50 Ucits Etf ETF
Xtrackers Euro Stoxx 50 Ucits Etf finds support from accumulated volume at £7,002.00 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.507%
Our recommended stop-loss: £6,704.89 (-4.31%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (XESC.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xtrackers Euro Stoxx 50 Ucits Etf to open at £7,007.00, and during the day (based on 14 day Average True Range), to move between £6,941.06 and £7,072.94, which gives a possible trading interval of +/-£65.94 (+/-0.94%) up or down from last closing price. If Xtrackers Euro Stoxx 50 Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £7,002.00 (0.07%) than the resistance at £7,092.00 (1.21%), 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 Euro Stoxx 50 Ucits Etf ETF A Buy?
Xtrackers Euro Stoxx 50 Ucits Etf 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 Euro Stoxx 50 Ucits Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
£7,007.00 ( 0%) | £7,007.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XESC.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 7,007.00 | - |
R2 | 7,007.00 | - |
R1 | 7,007.00 | - |
Price | 7,007.00 | |
S1 | 7,007.00 | - |
S2 | 7,007.00 | - |
S3 | 7,007.00 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 7,328.00 | 4.58% |
R2 | 7,219.50 | 3.03% |
R1 | 7,092.00 | 1.21% |
Price | 7,007.00 | |
S1 | 7,002.00 | -0.0714% |
S2 | 6,989.00 | -0.257% |
S3 | 6,955.00 | -0.742% |
FAQ
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