Xtrackers Msci Ac World Esg Screened ETF Forecast
Green day on Wednesday for Xtrackers Msci Ac World Esg Screened ETF after gaining 0.108%
(Updated on Jun 26, 2024)
The Xtrackers Msci Ac World Esg Screened ETF price gained 0.108% on the last trading day (Wednesday, 26th Jun 2024), rising from 37.02€ to 37.06€. During the last trading day the ETF fluctuated 0.635% from a day low at 37.03€ to a day high of 37.26€. The price has risen in 7 of the last 10 days and is up by 1.26% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 18 thousand shares were bought and sold for approximately 651.77€ thousand.
The ETF lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 37.30€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 5.97% during the next 3 months and, with a 90% probability hold a price between 37.88€ and 39.53€ at the end of this 3-month period.
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XMAW.F Signals & Forecast
The Xtrackers Msci Ac World Esg Screened ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 37.05€ and 36.21€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Xtrackers Msci Ac World Esg Screened has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Thursday, June 20, 2024, and so far it has fallen -0.283%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Xtrackers Msci Ac World Esg Screened ETF
Xtrackers Msci Ac World Esg Screened finds support from accumulated volume at 35.40€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.235€ between high and low, or 0.635%. For the last week the ETF has had daily average volatility of 0.449%.
The Xtrackers Msci Ac World Esg Screened ETF is overbought on RSI14 and the RSI has been falling for the last couple of days. This together with the fact that the ETF is in the upper part of the trend poses a possible good selling opportunity for the short-term trader. However, one should note that some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.
Our recommended stop-loss: 35.83€ (-3.33%) (This ETF has low daily movements and this gives low risk. The RSI14 is 84 and this increases the risk substantially. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (XMAW.F) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Xtrackers Msci Ac World Esg Screened Ucits Etf to open at 37.12€, and during the day (based on 14 day Average True Range), to move between 36.83€ and 37.29€, which gives a possible trading interval of +/-0.228€ (+/-0.62%) up or down from last closing price. If Xtrackers Msci Ac World Esg Screened Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 37.17€ (0.28%) than the support at 35.40€ (4.48%), 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 Msci Ac World Esg Screened Ucits Etf ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Xtrackers Msci Ac World Esg Screened ETF to perform well in the short-term.
Current score: 1.300 Buy Candidate Unchanged
Predicted Opening Price for Xtrackers Msci Ac World Esg Screened Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 37.12€ ( 0.148%) | 37.06€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XMAW.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 37.35 | 0.783% |
| R2 | 37.26 | 0.540% |
| R1 | 37.20 | 0.391% |
| Price | 37.06 | |
| S1 | 37.03 | -0.0938% |
| S2 | 36.97 | -0.243% |
| S3 | 36.88 | -0.486% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 37.17 | 0.283% |
| Price | 37.06 | |
| S1 | 35.40 | -4.48% |
| S2 | 34.70 | -6.37% |
| S3 | 34.67 | -6.45% |
FAQ
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