Xtrackers Ii Global Government Bond ETF Forecast
Xtrackers Ii Global Government Bond ETF downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jun 19, 2024)
The Xtrackers Ii Global Government Bond ETF price fell by -0.443% on the last day (Wednesday, 19th Jun 2024) from £2,370.00 to £2,359.50. During the last trading day the ETF fluctuated 0% from a day low at £2,359.50 to a day high of £2,359.50. The price has risen in 6 of the last 10 days and is up by 0.23% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -22 thousand shares and in total, 0 shares were bought and sold for approximately £0 .
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 Global Government Bond ETF with a 90% probability to be traded between £2,309.46 and £2,358.30 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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XGSG.L Signals & Forecast
The Xtrackers Ii Global Government Bond 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 £2,361.04. On a fall, the ETF will find some support from the long-term average at approximately £2,352.23. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -0.516%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Monday, June 03, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Monday, June 03, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A sell signal from a double top formation was found on Friday, June 14, 2024 and based on theory for this formation the price should fall by -2.90% to £2,291.01 within 19 trading days since signal was issued (Thursday, June 20, 2024).
Support, Risk & Stop-loss for Xtrackers Ii Global Government Bond ETF
Xtrackers Ii Global Government Bond finds support from accumulated volume at £2,354.75 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 0.608%
Our recommended stop-loss: £2,270.26 (-3.78%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (XGSG.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Xtrackers Ii Global Government Bond Ucits Etf to open at £2,359.50, and during the day (based on 14 day Average True Range), to move between £2,345.04 and £2,373.96, which gives a possible trading interval of +/-£14.46 (+/-0.61%) up or down from last closing price. If Xtrackers Ii Global Government Bond Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £2,361.25 (0.07%) than the support at £2,354.75 (0.20%), 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 Ii Global Government Bond Ucits Etf ETF A Buy?
Xtrackers Ii Global Government Bond 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: 0.634 Hold/Accumulate Downgraded
Predicted Opening Price for Xtrackers Ii Global Government Bond Ucits Etf of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £2,359.50 ( 0%) | £2,359.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XGSG.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,359.50 | - |
| R2 | 2,359.50 | - |
| R1 | 2,359.50 | - |
| Price | 2,359.50 | |
| S1 | 2,359.50 | - |
| S2 | 2,359.50 | - |
| S3 | 2,359.50 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,369.75 | 0.434% |
| R2 | 2,361.75 | 0.0954% |
| R1 | 2,361.25 | 0.0742% |
| Price | 2,359.50 | |
| S1 | 2,354.75 | -0.201% |
| S2 | 2,343.00 | -0.699% |
| S3 | 2,336.75 | -0.96% |
XGSG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2024 | May 22, 2024 | Jun 07, 2024 | £12.15 | 0.517% |
| 2 | Feb 21, 2024 | Feb 21, 2024 | Mar 07, 2024 | £24.17 | 1.01% |
| 3 | Nov 15, 2023 | Nov 15, 2023 | Nov 30, 2023 | £0.118 | 0.0050% |
| 4 | Aug 23, 2023 | Aug 23, 2023 | Sep 07, 2023 | £10.59 | 0.454% |
| 5 | May 24, 2023 | May 24, 2023 | May 24, 2023 | £0.105 | 0.0044% |
FAQ
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