Xtrackers Ii - Eur High Yield Corporate ETF Forecast

Xtrackers Ii - Eur High Yield Corporate ETF price up 0.0255% on Tuesday
(Updated on Jun 25, 2024)

XHYG.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.462%. 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). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Xtrackers Ii - Eur High Yield Corporate ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at 15.68€. On a fall, the ETF will find some support from the short-term average at 15.64€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. The ETF had a Golden Star Signal on Monday, October 30, 2023 in the long-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.

Buy

Special Signal Notification

Golden Star 12 Months

The ETF had a Golden Star Signal on Monday, October 30, 2023 in the long-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.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Friday, June 14, 2024 and based on theory for this formation the price should go up by 1.75% to 15.93€ within 42 trading days since signal was issued (Tuesday, August 13, 2024).

Support, Risk & Stop-loss for Xtrackers Ii - Eur High Yield Corporate ETF

Xtrackers Ii - Eur High Yield Corporate finds support from accumulated volume at 15.65€ 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 0.0465€ between high and low, or 0.297%. For the last week the ETF has had daily average volatility of 0.255%.

Our recommended stop-loss: 14.38€ (-8.20%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)

Trading Expectations (XHYG.L) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Xtrackers Ii - Eur High Yield Corporate Bond Ucits Etf to open at 15.66€, and during the day (based on 14 day Average True Range), to move between 15.61€ and 15.71€, which gives a possible trading interval of +/-0.0536€ (+/-0.34%) up or down from last closing price. If Xtrackers Ii - Eur High Yield Corporate Bond Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 15.66€ (0.03%) than the support at 15.65€ (0.06%), 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 - Eur High Yield Corporate Bond Ucits Etf ETF A Buy?

Xtrackers Ii - Eur High Yield Corporate 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: -0.984 Hold/Accumulate Unchanged

Predicted Opening Price for Xtrackers Ii - Eur High Yield Corporate Bond Ucits Etf of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.