Xtrackers Ii Usd Overnight Rate Swap ETF Forecast
Xtrackers Ii Usd Overnight Rate Swap ETF price up 0.0306% on Tuesday
(Updated on Jun 25, 2024)
The Xtrackers Ii Usd Overnight Rate Swap ETF price gained 0.0306% on the last trading day (Tuesday, 25th Jun 2024), rising from $196.24 to $196.30. During the last trading day the ETF fluctuated 0.0408% from a day low at $196.30 to a day high of $196.38. The price has risen in 9 of the last 10 days and is up by 0.22% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 41 thousand more shares were traded than the day before. In total, 42 thousand shares were bought and sold for approximately $8.33 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Xtrackers Ii Usd Overnight Rate Swap ETF with a 90% probability to be traded between $198.80 and $198.92 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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XFFE.L Signals & Forecast
The Xtrackers Ii Usd Overnight Rate Swap 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 $196.16 and $195.56. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 0.81%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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).
Support, Risk & Stop-loss for Xtrackers Ii Usd Overnight Rate Swap ETF
Xtrackers Ii Usd Overnight Rate Swap finds support from accumulated volume at $195.84 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 $0.0800 between high and low, or 0.0408%. For the last week the ETF has had daily average volatility of 0.0612%.
The Xtrackers Ii Usd Overnight Rate Swap ETF is extremely overbought on RSI14 (98). This increases the short-term risk substantially.
Our recommended stop-loss: $187.39 (-4.54%) (This ETF has low daily movements and this gives low risk. The RSI14 is 98 and this increases the risk substantially. There is a buy signal from a pivot bottom found 518 days ago.)
Trading Expectations (XFFE.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Xtrackers Ii Usd Overnight Rate Swap Ucits Etf to open at $196.33, and during the day (based on 14 day Average True Range), to move between $196.10 and $196.50, which gives a possible trading interval of +/-$0.200 (+/-0.10%) up or down from last closing price. If Xtrackers Ii Usd Overnight Rate Swap Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.20% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $195.84, some $0.460 (0.23%) from the current price of $196.30, our system finds the risk reward attractive.
Is Xtrackers Ii Usd Overnight Rate Swap Ucits Etf ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Xtrackers Ii Usd Overnight Rate Swap ETF to perform well in the short-term period.
Current score: 4.845 Buy Candidate Unchanged
Predicted Opening Price for Xtrackers Ii Usd Overnight Rate Swap Ucits Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $196.33 ( 0.0136%) | $196.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XFFE.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 196.41 | 0.0543% |
| R2 | 196.38 | 0.0388% |
| R1 | 196.36 | 0.0292% |
| Price | 196.30 | |
| S1 | 196.30 | -0.0020% |
| S2 | 196.28 | -0.0116% |
| S3 | 196.25 | -0.0272% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 196.30 | |
| S1 | 195.84 | -0.234% |
| S2 | 195.04 | -0.642% |
| S3 | 194.60 | -0.87% |
FAQ
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