Xtrackers Ii Eur Covered Bond Swap Ucits ETF Forecast
Xtrackers Ii Eur Covered Bond Swap Ucits ETF upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)
The Xtrackers Ii Eur Covered Bond Swap Ucits ETF price gained 0.0107% on the last trading day (Wednesday, 26th Jun 2024), rising from 140.40€ to 140.42€. During the last trading day the ETF fluctuated 0.139% from a day low at 140.40€ to a day high of 140.59€. The price has risen in 6 of the last 10 days and is up by 0.24% over the past 2 weeks. Volume fell on the last day by -284 shares and in total, 10 shares were bought and sold for approximately 1.40€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 Eur Covered Bond Swap Ucits ETF with a 90% probability to be traded between 139.53€ and 141.62€ 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.
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XLIQ.F Signals & Forecast
The Xtrackers Ii Eur Covered Bond Swap Ucits 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 140.64€. On a fall, the ETF will find some support from the long-term average at approximately 140.14€. 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 -0.478%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Tuesday, June 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, May 07, 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 Tuesday, June 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, May 07, 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 Tuesday, June 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, May 07, 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 Eur Covered Bond Swap Ucits ETF
Xtrackers Ii Eur Covered Bond Swap Ucits finds support from accumulated volume at 140.40€ 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 0.195€ between high and low, or 0.139%. For the last week the ETF has had daily average volatility of 0.175%
Our recommended stop-loss: 135.45€ (-3.54%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (XLIQ.F) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Xtrackers Ii Eur Covered Bond Swap Ucits Etf to open at 140.47€, and during the day (based on 14 day Average True Range), to move between 140.08€ and 140.75€, which gives a possible trading interval of +/-0.331€ (+/-0.24%) up or down from last closing price. If Xtrackers Ii Eur Covered Bond Swap Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 140.40€ (0.01%) than the resistance at 140.63€ (0.15%), 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 Covered Bond Swap Ucits Etf ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Xtrackers Ii Eur Covered Bond Swap Ucits ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.326 Buy Candidate Upgraded
Predicted Opening Price for Xtrackers Ii Eur Covered Bond Swap Ucits Etf of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
140.47€ ( 0.0368%) | 140.42€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XLIQ.F
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 140.66 | 0.176% |
R2 | 140.59 | 0.123% |
R1 | 140.54 | 0.0898% |
Price | 140.42 | |
S1 | 140.39 | -0.0163% |
S2 | 140.35 | -0.0490% |
S3 | 140.27 | -0.102% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 140.80 | 0.271% |
R2 | 140.74 | 0.231% |
R1 | 140.63 | 0.153% |
Price | 140.42 | |
S1 | 140.40 | -0.0107% |
S2 | 139.90 | -0.370% |
S3 | 139.80 | -0.438% |
FAQ
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