Xtrackers Ii Eur Covered Bond Swap Ucits ETF Forecast
Evaluation of Xtrackers Ii Eur Covered Bond Swap Ucits ETF downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Xtrackers Ii Eur Covered Bond Swap Ucits ETF price fell by -0.207% on the last day (Friday, 28th Jun 2024) from 140.44€ to 140.15€. During the last trading day the ETF fluctuated 0.128% from a day low at 140.15€ to a day high of 140.33€. The price has been going up and down for this period, and there has been a -0.67% loss for the last 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 -4 shares and in total, 6 shares were bought and sold for approximately 840.87€ .
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 139.88€ and 141.86€ 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
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 Covered Bond Swap Ucits 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 140.50€ and 140.16€. 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 -0.670%. 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 Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, May 06, 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 Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, May 06, 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 Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, May 06, 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 -1.83% to 137.59€ within 7 trading days since signal was issued (Tuesday, June 25, 2024).
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 139.90€ 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 0.180€ between high and low, or 0.128%. For the last week the ETF has had daily average volatility of 0.136%
Our recommended stop-loss: 134.79€ (-3.82%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (XLIQ.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xtrackers Ii Eur Covered Bond Swap Ucits Etf to open at 140.21€, and during the day (based on 14 day Average True Range), to move between 139.83€ and 140.46€, which gives a possible trading interval of +/-0.312€ (+/-0.22%) 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 0.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 140.22€ (0.05%) than the support at 139.90€ (0.18%), 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 Covered Bond Swap Ucits Etf ETF A Buy?
Xtrackers Ii Eur Covered Bond Swap Ucits 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.228 Hold/Accumulate Downgraded
Predicted Opening Price for Xtrackers Ii Eur Covered Bond Swap Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 140.21€ ( 0.0428%) | 140.15€ |
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 | 140.39 | 0.171% |
| R2 | 140.32 | 0.122% |
| R1 | 140.27 | 0.0919% |
| Price | 140.15 | |
| S1 | 140.14 | -0.0063% |
| S2 | 140.09 | -0.0366% |
| S3 | 140.03 | -0.0856% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 140.40 | 0.182% |
| R2 | 140.25 | 0.0749% |
| R1 | 140.22 | 0.0535% |
| Price | 140.15 | |
| S1 | 139.90 | -0.178% |
| S2 | 139.80 | -0.246% |
| S3 | 139.66 | -0.346% |
FAQ
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