Xtrackers Msci Usa Esg Ucits Etf ETF Forecast
Xtrackers Msci Usa Esg Ucits Etf ETF price up 0.233% on Wednesday
(Updated on Jun 26, 2024)
The Xtrackers Msci Usa Esg Ucits Etf ETF price gained 0.233% on the last trading day (Wednesday, 26th Jun 2024), rising from £47.13 to £47.24. During the last trading day the ETF fluctuated 0.413% from a day low at £47.24 to a day high of £47.44. The price has risen in 8 of the last 10 days and is up by 3.01% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 886 shares were bought and sold for approximately £41.85 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 upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £47.72 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 5.82% during the next 3 months and, with a 90% probability hold a price between £47.67 and £50.49 at the end of this 3-month period.
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XESU.L Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -0.631%. Further fall is indicated until a new bottom pivot has been found. 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. The Xtrackers Msci Usa Esg Ucits Etf ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately £47.25. On a fall, the ETF will find some support from the long-term average at approximately £45.76. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Xtrackers Msci Usa Esg Ucits Etf ETF
Xtrackers Msci Usa Esg Ucits Etf finds support from accumulated volume at £46.34 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 £0.195 between high and low, or 0.413%. For the last week the ETF has had daily average volatility of 0.394%.
The Xtrackers Msci Usa Esg Ucits Etf ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.
Our recommended stop-loss: £45.82 (-3.01%) (This ETF has low daily movements and this gives low risk. The RSI14 is 87 and this increases the risk substantially. There is a sell signal from a pivot top found 40 days ago.)
Trading Expectations (XESU.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Xtrackers Msci Usa Esg Ucits Etf to open at £47.31, and during the day (based on 14 day Average True Range), to move between £46.92 and £47.56, which gives a possible trading interval of +/-£0.319 (+/-0.68%) up or down from last closing price. If Xtrackers Msci Usa Esg Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £47.26 (0.05%) than the support at £46.34 (1.92%), 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 Usa Esg Ucits Etf ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Xtrackers Msci Usa Esg Ucits Etf ETF to perform well in the short-term.
Current score: 1.251 Buy Candidate Unchanged
Predicted Opening Price for Xtrackers Msci Usa Esg Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| £47.31 ( 0.138%) | £47.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XESU.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 47.50 | 0.550% |
| R2 | 47.43 | 0.393% |
| R1 | 47.38 | 0.295% |
| Price | 47.24 | |
| S1 | 47.23 | -0.0201% |
| S2 | 47.18 | -0.118% |
| S3 | 47.11 | -0.275% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 47.54 | 0.635% |
| R2 | 47.33 | 0.191% |
| R1 | 47.26 | 0.0476% |
| Price | 47.24 | |
| S1 | 46.34 | -1.92% |
| S2 | 45.84 | -2.97% |
| S3 | 43.76 | -7.37% |
FAQ
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