Xtrackers Msci Emerging Markets Esg ETF Forecast
Green day on Tuesday for Xtrackers Msci Emerging Markets Esg
(Updated on Jun 18, 2024)
The Xtrackers Msci Emerging Markets Esg ETF price gained 0.511% on the last trading day (Tuesday, 18th Jun 2024), rising from £35.70 to £35.88. It has now gained 3 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 0% from a day low at £35.88 to a day high of £35.88. The price has risen in 7 of the last 10 days and is up by 1.79% over the past 2 weeks. Volume fell on the last day by -261 shares and in total, 47 shares were bought and sold for approximately £1.69 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 lies in the middle of a 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 3.87% during the next 3 months and, with a 90% probability hold a price between £36.01 and £38.77 at the end of this 3-month period.
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XESE.L Signals & Forecast
The Xtrackers Msci Emerging Markets Esg ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £35.48 and £35.61. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 4.01%. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Xtrackers Msci Emerging Markets Esg ETF
Xtrackers Msci Emerging Markets Esg finds support from accumulated volume at £35.25 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 controlled movements and therefore the general risk is considered 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 0.290%.
Our recommended stop-loss: £33.95 (-5.38%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (XESE.L) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect Xtrackers Msci Emerging Markets Esg Ucits Etf to open at £35.88, and during the day (based on 14 day Average True Range), to move between £35.58 and £36.18, which gives a possible trading interval of +/-£0.296 (+/-0.82%) up or down from last closing price. If Xtrackers Msci Emerging Markets Esg Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £35.92 (0.11%) than the support at £35.25 (1.76%), 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 Emerging Markets Esg Ucits Etf ETF A Buy?
Xtrackers Msci Emerging Markets Esg 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: 0.901 Hold/Accumulate Unchanged
Predicted Opening Price for Xtrackers Msci Emerging Markets Esg Ucits Etf of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| £35.88 ( 0%) | £35.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XESE.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.88 | - |
| R2 | 35.88 | - |
| R1 | 35.88 | - |
| Price | 35.88 | |
| S1 | 35.88 | - |
| S2 | 35.88 | - |
| S3 | 35.88 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.56 | 1.90% |
| R2 | 36.52 | 1.78% |
| R1 | 35.92 | 0.111% |
| Price | 35.88 | |
| S1 | 35.25 | -1.76% |
| S2 | 34.71 | -3.26% |
| S3 | 34.61 | -3.54% |
FAQ
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