Xtrackers Msci Emu Esg Screened Ucits ETF Forecast
Red day on Friday for Xtrackers Msci Emu Esg Screened Ucits ETF after losing 0.221%
(Updated on Jun 28, 2024)
The Xtrackers Msci Emu Esg Screened Ucits ETF price fell by -0.221% on the last day (Friday, 28th Jun 2024) from 31.66€ to 31.59€. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 1.46% from a day low at 31.55€ to a day high of 32.01€. The price has fallen in 6 of the last 10 days but is still up by 0.96% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -3 shares and in total, 7 shares were bought and sold for approximately 221.13€ .
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 31.41€ 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 2.27% during the next 3 months and, with a 90% probability hold a price between 32.12€ and 33.87€ at the end of this 3-month period.
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XMVE.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.96%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Xtrackers Msci Emu Esg Screened Ucits 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 31.76€ and 32.18€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Xtrackers Msci Emu Esg Screened Ucits ETF
Xtrackers Msci Emu Esg Screened Ucits finds support from accumulated volume at 31.46€ 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 0.460€ between high and low, or 1.46%. For the last week the ETF has had daily average volatility of 0.87%
Our recommended stop-loss: 29.70€ (-5.97%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (XMVE.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xtrackers Msci Emu Esg Screened Ucits Etf 1d to open at 31.72€, and during the day (based on 14 day Average True Range), to move between 31.29€ and 31.89€, which gives a possible trading interval of +/-0.303€ (+/-0.96%) up or down from last closing price. If Xtrackers Msci Emu Esg Screened Ucits Etf 1d takes out the full calculated possible swing range there will be an estimated 1.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 31.62€ (0.09%) than the support at 31.46€ (0.41%), 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 Emu Esg Screened Ucits Etf 1d ETF A Buy?
Xtrackers Msci Emu Esg Screened Ucits 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.
Current score: 0.378 Hold/Accumulate Unchanged
Predicted Opening Price for Xtrackers Msci Emu Esg Screened Ucits Etf 1d of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 31.72€ ( 0.401%) | 31.59€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XMVE.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.18 | 1.86% |
| R2 | 32.00 | 1.30% |
| R1 | 31.89 | 0.96% |
| Price | 31.59 | |
| S1 | 31.54 | -0.155% |
| S2 | 31.43 | -0.499% |
| S3 | 31.26 | -1.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.49 | 2.85% |
| R2 | 31.69 | 0.317% |
| R1 | 31.62 | 0.0950% |
| Price | 31.59 | |
| S1 | 31.46 | -0.412% |
| S2 | 30.95 | -2.03% |
| S3 | 30.92 | -2.12% |
XMVE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Feb 21, 2024 | Mar 07, 2024 | 0.150€ | 0% |
| 2 | Aug 23, 2023 | Aug 23, 2023 | Sep 07, 2023 | 0.645€ | 0% |
| 3 | Feb 08, 2023 | Feb 08, 2023 | Feb 24, 2023 | 0.126€ | 0% |
| 4 | Aug 10, 2022 | Aug 10, 2022 | Aug 25, 2022 | 0.619€ | 0% |
| 5 | Apr 27, 2022 | Apr 27, 2022 | May 03, 2022 | 0.564€ | 0% |
FAQ
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