Xtrackers Msci Japan Ucits Etf ETF Forecast

Xtrackers Msci Japan Ucits Etf ETF price up 1.77% on Friday
(Updated on Jun 28, 2024)

XMUJ.L Signals & Forecast

The Xtrackers Msci Japan Ucits Etf 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 $43.62 and $43.15. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 5.41%. Further rise is indicated until a new top pivot has been found. Xtrackers Msci Japan Ucits Etf 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Xtrackers Msci Japan Ucits Etf ETF

Xtrackers Msci Japan Ucits Etf finds support from accumulated volume at $43.65 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 $0.470 between high and low, or 1.06%. For the last week the ETF has had daily average volatility of 0.419%.

Our recommended stop-loss: $42.73 (-4.67%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (XMUJ.L) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Xtrackers Msci Japan Ucits Etf to open at $44.66, and during the day (based on 14 day Average True Range), to move between $44.45 and $45.19, which gives a possible trading interval of +/-$0.366 (+/-0.82%) up or down from last closing price. If Xtrackers Msci Japan Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.63% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $43.65, some $1.17 (2.60%) from the current price of $44.82, our system finds the risk reward attractive.

Is Xtrackers Msci Japan Ucits Etf ETF A Buy?

Xtrackers Msci Japan 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.

Current score: 0.000 Hold/Accumulate Unchanged

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 Japan Ucits Etf of Monday, July 1, 2024

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