Xtrackers Msci Emerging Markets Ucits ETF Forecast

Green day on Wednesday for Xtrackers Msci Emerging Markets Ucits ETF after gaining 0.145%
(Updated on Jun 26, 2024)

XMME.F Signals & Forecast

The Xtrackers Msci Emerging Markets 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 52.86€. On a fall, the ETF will find some support from the long-term average at approximately 52.02€. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. 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 Wednesday, June 19, 2024, and so far it has fallen -1.18%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Xtrackers Msci Emerging Markets Ucits ETF

Xtrackers Msci Emerging Markets Ucits finds support from accumulated volume at 51.93€ 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 0.446€ between high and low, or 0.85%. For the last week the ETF has had daily average volatility of 0.652%.

Our recommended stop-loss: 50.89€ (-3.21%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)

Trading Expectations (XMME.F) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Xtrackers Msci Emerging Markets Ucits Etf to open at 52.71€, and during the day (based on 14 day Average True Range), to move between 52.11€ and 53.05€, which gives a possible trading interval of +/-0.467€ (+/-0.89%) up or down from last closing price. If Xtrackers Msci Emerging Markets Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 52.88€ (0.56%) than the support at 51.93€ (1.23%), 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 Emerging Markets 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 Emerging Markets Ucits ETF to perform well in the short-term.

Current score: 3.381 Buy Candidate Unchanged

Predicted Opening Price for Xtrackers Msci Emerging Markets Ucits Etf of Thursday, June 27, 2024

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