Xtrackers Msci Europe Ucits Etf 1c ETF Forecast
Stronger technical forecast for Xtrackers Msci Europe Ucits Etf 1c ETF price after Friday trading.
(Updated on Jun 28, 2024)
No changes to the price of Xtrackers Msci Europe Ucits Etf 1c ETF on the last trading day (Friday, 28th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at £7,652.00 to a day high of £7,652.00. The price has been going up and down for this period, and there has been a -1.47% loss for the last 2 weeks.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £7,603.48 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 3.68% during the next 3 months and, with a 90% probability hold a price between £7,883.05 and £8,300.45 at the end of this 3-month period.
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XMEU.L Signals & Forecast
There are few to no technical positive signals at the moment. The Xtrackers Msci Europe Ucits Etf 1c 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 £7,656.43 and £7,739.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -0.765%. 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 Friday, April 19, 2024 in the short-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.
Golden Star
The ETF had a Golden Star Signal on Friday, April 19, 2024 in the short-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.
A sell signal from a double top formation was found on Thursday, June 06, 2024 and based on theory for this formation the price should fall by -1.22% to £7,558.84 within 15 trading days since signal was issued (Thursday, June 27, 2024).
Support, Risk & Stop-loss for Xtrackers Msci Europe Ucits Etf 1c ETF
Xtrackers Msci Europe Ucits Etf 1c finds support from accumulated volume at £7,487.50 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 0.155%
Our recommended stop-loss: £7,316.56 (-4.38%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (XMEU.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xtrackers Msci Europe Ucits Etf 1c to open at £7,652.00, and during the day (based on 14 day Average True Range), to move between £7,601.54 and £7,702.46, which gives a possible trading interval of +/-£50.46 (+/-0.66%) up or down from last closing price. If Xtrackers Msci Europe Ucits Etf 1c takes out the full calculated possible swing range there will be an estimated 1.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £7,762.00 (1.44%) than the support at £7,487.50 (2.15%), 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 Europe Ucits Etf 1c ETF A Buy?
Xtrackers Msci Europe Ucits Etf 1c 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 Msci Europe Ucits Etf 1c of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £7,652.00 ( 0%) | £7,652.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XMEU.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7,652.00 | - |
| R2 | 7,652.00 | - |
| R1 | 7,652.00 | - |
| Price | 7,652.00 | |
| S1 | 7,652.00 | - |
| S2 | 7,652.00 | - |
| S3 | 7,652.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7,869.00 | 2.84% |
| R2 | 7,848.50 | 2.57% |
| R1 | 7,762.00 | 1.44% |
| Price | 7,652.00 | |
| S1 | 7,487.50 | -2.15% |
| S2 | 7,479.00 | -2.26% |
| S3 | 7,456.50 | -2.55% |
FAQ
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