Xtrackers Ftse 250 Ucits Etf ETF Forecast

Xtrackers Ftse 250 Ucits Etf ETF upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jun 26, 2024)

XMCX.L Signals & Forecast

There are mixed signals in the ETF today. The Xtrackers Ftse 250 Ucits Etf 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 £1,947.71. On a fall, the ETF will find some support from the short-term average at £1,930.86. 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. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -0.85%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Monday, December 04, 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 Ftse 250 Ucits Etf ETF

Xtrackers Ftse 250 Ucits Etf finds support from accumulated volume at £1,879.20 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.261%

Our recommended stop-loss: £1,848.30 (-4.29%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)

Trading Expectations (XMCX.L) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Xtrackers Ftse 250 Ucits Etf to open at £1,931.10, and during the day (based on 14 day Average True Range), to move between £1,916.89 and £1,945.31, which gives a possible trading interval of +/-£14.21 (+/-0.74%) up or down from last closing price. If Xtrackers Ftse 250 Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £1,931.60 (0.03%) than the support at £1,879.20 (2.69%), 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 Ftse 250 Ucits Etf ETF A Buy?

Xtrackers Ftse 250 Ucits Etf 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.812 Hold/Accumulate Upgraded

Predicted Opening Price for Xtrackers Ftse 250 Ucits Etf of Thursday, June 27, 2024

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