Xtrackers Ii Global Government Bond ETF Forecast
Red day on Friday for Xtrackers Ii Global Government Bond
(Updated on Jun 28, 2024)
The Xtrackers Ii Global Government Bond ETF price fell by -0.159% on the last day (Friday, 28th Jun 2024) from 175.99€ to 175.71€. During the last trading day the ETF fluctuated 0.174% from a day low at 175.71€ to a day high of 176.01€. The price has fallen in 6 of the last 10 days and is down by -0.68% for this period. 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 -14 shares and in total, 25 shares were bought and sold for approximately 4.39€ 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 Global Government Bond ETF with a 90% probability to be traded between 173.72€ and 177.09€ 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
XGVD.F Signals & Forecast
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. The Xtrackers Ii Global Government Bond ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 176.26€ and 175.74€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -0.684%. 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 Tuesday, June 11, 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 Tuesday, June 11, 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 -2.54% 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 175.24€ 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 0.305€ between high and low, or 0.174%. For the last week the ETF has had daily average volatility of 0.216%
Our recommended stop-loss: 169.05€ (-3.79%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (XGVD.F) 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 1d - Eur Hedged to open at 175.81€, and during the day (based on 14 day Average True Range), to move between 175.15€ and 176.26€, which gives a possible trading interval of +/-0.558€ (+/-0.32%) 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 0.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 175.79€ (0.05%) than the support at 175.24€ (0.26%), 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 1d - Eur Hedged ETF A Buy?
Xtrackers Ii Global Government Bond holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.441 Hold/Accumulate Unchanged
Predicted Opening Price for Xtrackers Ii Global Government Bond Ucits Etf 1d - Eur Hedged of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 175.81€ ( 0.0579%) | 175.71€ |
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 | 176.11 | 0.231% |
| R2 | 176.00 | 0.165% |
| R1 | 175.92 | 0.124% |
| Price | 175.71 | |
| S1 | 175.69 | -0.0084% |
| S2 | 175.62 | -0.0494% |
| S3 | 175.50 | -0.116% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 176.94 | 0.703% |
| R2 | 176.29 | 0.333% |
| R1 | 175.79 | 0.0484% |
| Price | 175.71 | |
| S1 | 175.24 | -0.265% |
| S2 | 174.75 | -0.544% |
| S3 | 174.67 | -0.589% |
FAQ
Click here for our free guide on how to buy Xtrackers Ii Global Government Bond Ucits Etf 1d - Eur Hedged ETF.
