Xtrackers Ii Global Government Bond ETF Forecast
Red day on Monday for Xtrackers Ii Global Government Bond
(Updated on Jun 24, 2024)
The Xtrackers Ii Global Government Bond ETF price fell by -0.0198% on the last day (Monday, 24th Jun 2024) from 176.49€ to 176.46€. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.122% from a day low at 176.46€ to a day high of 176.67€. The price has risen in 6 of the last 10 days and is up by 1.1% 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 -281 shares and in total, 158 shares were bought and sold for approximately 27.88€ thousand.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 176.83€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Xtrackers Ii Global Government Bond ETF with a 90% probability to be traded between 172.53€ and 176.00€ 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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XGVD.F 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 176.63€. On a fall, the ETF will find some support from the long-term average at approximately 175.75€. 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 -0.260%. 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 Wednesday, June 12, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, June 12, 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 Wednesday, June 12, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, June 12, 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 Wednesday, June 12, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, June 12, 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.
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 -2.96% to 171.24€ within 21 trading days since signal was issued (Monday, July 15, 2024).
Support, Risk & Stop-loss for Xtrackers Ii Global Government Bond ETF
Xtrackers Ii Global Government Bond finds support from accumulated volume at 176.29€ 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 0.215€ between high and low, or 0.122%. For the last week the ETF has had daily average volatility of 0.192%
Our recommended stop-loss: 169.63€ (-3.87%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (XGVD.F) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Xtrackers Ii Global Government Bond Ucits Etf 1d - Eur Hedged to open at 176.53€, and during the day (based on 14 day Average True Range), to move between 175.87€ and 177.04€, which gives a possible trading interval of +/-0.582€ (+/-0.33%) up or down from last closing price. If Xtrackers Ii Global Government Bond Ucits Etf 1d - Eur Hedged takes out the full calculated possible swing range there will be an estimated 0.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 176.29€ (0.09%) than the resistance at 176.94€ (0.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xtrackers Ii Global Government Bond Ucits Etf 1d - Eur Hedged 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.
Current score: 0.322 Hold/Accumulate Unchanged
Predicted Opening Price for Xtrackers Ii Global Government Bond Ucits Etf 1d - Eur Hedged of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| 176.53€ ( 0.0406%) | 176.46€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XGVD.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 176.74 | 0.162% |
| R2 | 176.66 | 0.116% |
| R1 | 176.61 | 0.0872% |
| Price | 176.46 | |
| S1 | 176.44 | -0.0059% |
| S2 | 176.39 | -0.0347% |
| S3 | 176.31 | -0.0812% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 178.33 | 1.06% |
| R2 | 177.70 | 0.706% |
| R1 | 176.94 | 0.275% |
| Price | 176.46 | |
| S1 | 176.29 | -0.0935% |
| S2 | 175.79 | -0.377% |
| S3 | 174.75 | -0.97% |
FAQ
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