Xtrackers Ii Global Government Bond ETF Forecast
Evaluation of Xtrackers Ii Global Government Bond ETF downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Xtrackers Ii Global Government Bond ETF price gained 0.96% on the last trading day (Friday, 28th Jun 2024), rising from $12.56 to $12.68. During the last trading day the ETF fluctuated 1.12% from a day low at $12.54 to a day high of $12.68. The price has been going up and down for this period, and there has been a 0.81% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 431 more shares were traded than the day before. In total, 431 shares were bought and sold for approximately $5.47 thousand.
The ETF has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $12.62 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the ETF is predicted to reach $12.82 sometime during the next 3 months.
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XGSI.L Signals & Forecast
The Xtrackers Ii Global Government Bond 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 $12.60 and $12.52. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 1.89%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Xtrackers Ii Global Government Bond 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. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 04, 2024.
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 Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 04, 2024.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 12 Months
The ETF had a Golden Star Signal on Thursday, May 02, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, June 04, 2024.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.
Support, Risk & Stop-loss for Xtrackers Ii Global Government Bond ETF
Xtrackers Ii Global Government Bond finds support from accumulated volume at $12.61 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 $0.140 between high and low, or 1.12%. For the last week the ETF has had daily average volatility of 0.351%.
Our recommended stop-loss: $11.97 (-5.57%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (XGSI.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xtrackers Ii Global Government Bond Ucits Etf to open at $12.63, and during the day (based on 14 day Average True Range), to move between $12.62 and $12.74, which gives a possible trading interval of +/-$0.0553 (+/-0.44%) 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 0.87% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $12.61, some $0.0700 (0.55%) from the current price of $12.68, our system finds the risk reward attractive.
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: 0.000 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 Global Government Bond Ucits Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$12.63 ( 0.368%) | $12.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XGSI.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 12.77 | 0.736% |
R2 | 12.72 | 0.314% |
R1 | 12.69 | 0.0537% |
Price | 12.68 | |
S1 | 12.58 | -0.790% |
S2 | 12.55 | -1.05% |
S3 | 12.49 | -1.47% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 12.68 | |
S1 | 12.61 | -0.552% |
S2 | 12.44 | -1.89% |
S3 | 12.42 | -2.05% |
FAQ
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