Xtrackers Ii - Eur High Yield Corporate ETF Forecast

Stronger technical forecast for Xtrackers Ii - Eur High Yield Corporate ETF price after Friday trading.
(Updated on Jun 28, 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 0.382%. 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). 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 sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 15.65€ and 15.67€. A break-up above any of these levels will issue buy signals. Xtrackers Ii - Eur High Yield Corporate gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. 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.

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

Xtrackers Ii - Eur High Yield Corporate finds support from accumulated volume at 15.64€ 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 0.0470€ between high and low, or 0.300%. For the last week the ETF has had daily average volatility of 0.211%.

Our recommended stop-loss: 14.52€ (-7.21%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)

Trading Expectations (XHYG.L) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st 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 15.60€ and 15.70€, which gives a possible trading interval of +/-0.0493€ (+/-0.31%) 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 0.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 15.64€ (0.02%) than the resistance at 15.66€ (0.08%), 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 - Eur High Yield Corporate Bond Ucits Etf ETF A Buy?

Xtrackers Ii - Eur High Yield Corporate 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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 - Eur High Yield Corporate Bond Ucits Etf of Monday, July 1, 2024

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