Xtrackers Ii Usd Overnight Rate Swap 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
Weaker technical forecast for Xtrackers Ii Usd Overnight Rate Swap as ETF downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Xtrackers Ii Usd Overnight Rate Swap ETF price gained 0.0407% on the last trading day (Friday, 28th Jun 2024), rising from $196.36 to $196.44. During the last trading day the ETF fluctuated 0.0509% from a day low at $196.36 to a day high of $196.46. The price has risen in 8 of the last 10 days and is up by 0.21% 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, 945 more shares were traded than the day before. In total, 945 shares were bought and sold for approximately $185.64 thousand.
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 $198.93 and $199.04 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 $196.29 and $195.69. 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 0.88%. Further rise is indicated until a new top pivot has been found. Xtrackers Ii Usd Overnight Rate Swap has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 $0.1000 between high and low, or 0.0509%. For the last week the ETF has had daily average volatility of 0.0326%.
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: $187.59 (-4.50%) (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 521 days ago.)
Trading Expectations (XFFE.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xtrackers Ii Usd Overnight Rate Swap Ucits Etf to open at $196.42, and during the day (based on 14 day Average True Range), to move between $196.27 and $196.61, which gives a possible trading interval of +/-$0.169 (+/-0.09%) 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 0.17% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $195.84, some $0.600 (0.31%) from the current price of $196.44, our system finds the risk reward attractive.
Is Xtrackers Ii Usd Overnight Rate Swap Ucits Etf ETF A Buy?
Xtrackers Ii Usd Overnight Rate Swap 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 Ii Usd Overnight Rate Swap Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $196.42 ( 0.0102%) | $196.44 |
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 | 196.52 | 0.0407% |
| R2 | 196.48 | 0.0213% |
| R1 | 196.46 | 0.0093% |
| Price | 196.44 | |
| S1 | 196.38 | -0.0296% |
| S2 | 196.36 | -0.0416% |
| S3 | 196.32 | -0.0611% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 196.44 | |
| S1 | 195.84 | -0.305% |
| S2 | 195.04 | -0.713% |
| S3 | 194.60 | -0.94% |
FAQ
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