Xtrackers Msci Philippines Ucits Etf ETF Forecast
Xtrackers Msci Philippines Ucits Etf ETF upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Xtrackers Msci Philippines Ucits Etf ETF price gained 0.636% on the last trading day (Friday, 28th Jun 2024), rising from 1.35€ to 1.36€. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.90% from a day low at 1.36€ to a day high of 1.37€. The price has risen in 6 of the last 10 days and is up by 0.38% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 thousand more shares were traded than the day before. In total, 22 thousand shares were bought and sold for approximately 30.06€ thousand.
The ETF lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 1.38€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -9.51% during the next 3 months and, with a 90% probability hold a price between 1.17€ and 1.24€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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XPQP.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 4.02%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Xtrackers Msci Philippines 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. The Xtrackers Msci Philippines 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 1.37€. On a fall, the ETF will find some support from the short-term average at 1.33€. 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.
Support, Risk & Stop-loss for Xtrackers Msci Philippines Ucits Etf ETF
Xtrackers Msci Philippines Ucits Etf finds support from accumulated volume at 1.36€ 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 0.0122€ between high and low, or 0.90%. For the last week the ETF has had daily average volatility of 0.82%.
Our recommended stop-loss: 1.30€ (-4.69%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (XPQP.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xtrackers Msci Philippines Ucits Etf to open at 1.36€, and during the day (based on 14 day Average True Range), to move between 1.34€ and 1.38€, which gives a possible trading interval of +/-0.0168€ (+/-1.24%) up or down from last closing price. If Xtrackers Msci Philippines Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 1.36€ (0.38%) than the resistance at 1.42€ (4.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xtrackers Msci Philippines Ucits Etf ETF A Buy?
Xtrackers Msci Philippines 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: 0.048 Hold/Accumulate Upgraded
Predicted Opening Price for Xtrackers Msci Philippines Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 1.36€ ( 0.162%) | 1.36€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XPQP.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.37 | 1.06% |
| R2 | 1.37 | 0.716% |
| R1 | 1.37 | 0.504% |
| Price | 1.36 | |
| S1 | 1.36 | -0.181% |
| S2 | 1.36 | -0.393% |
| S3 | 1.35 | -0.735% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.46 | 7.32% |
| R2 | 1.45 | 6.59% |
| R1 | 1.42 | 4.38% |
| Price | 1.36 | |
| S1 | 1.36 | -0.382% |
| S2 | 1.33 | -1.90% |
| S3 | 1.31 | -3.87% |
FAQ
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