Xtrackers (ie) Plc - Xtrackers Russell ETF Forecast
Evaluation of Xtrackers (ie) Plc - Xtrackers Russell ETF downgraded after the last trading session.
(Updated on Jun 19, 2024)
No changes to the price of Xtrackers (ie) Plc - Xtrackers Russell ETF on the last trading day (Wednesday, 19th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at $45.74 to a day high of $45.74. The price has risen in 4 of the last 10 days and is up by 3.09% over the past 2 weeks.
The ETF lies in the upper part of a weak rising 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 $46.39 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 4.59% during the next 3 months and, with a 90% probability hold a price between $45.04 and $48.52 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
XRMU.L Signals & Forecast
The Xtrackers (ie) Plc - Xtrackers Russell 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 $45.63 and $44.36. A breakdown below any of these levels will issue sell signals. 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 12, 2024, and so far it has fallen -0.576%. 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.
Support, Risk & Stop-loss for Xtrackers (ie) Plc - Xtrackers Russell ETF
Xtrackers (ie) Plc - Xtrackers Russell finds support from accumulated volume at $44.85 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 0.197%
Our recommended stop-loss: $43.94 (-3.93%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 38 days ago.)
Trading Expectations (XRMU.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Xtrackers (ie) Plc - Xtrackers Russell Midcap Ucits Etf 1c to open at $45.74, and during the day (based on 14 day Average True Range), to move between $45.47 and $46.01, which gives a possible trading interval of +/-$0.270 (+/-0.59%) up or down from last closing price. If Xtrackers (ie) Plc - Xtrackers Russell Midcap Ucits Etf 1c takes out the full calculated possible swing range there will be an estimated 1.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $45.85 (0.24%) than the support at $44.85 (1.95%), 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 (ie) Plc - Xtrackers Russell Midcap Ucits Etf 1c ETF A Buy?
Xtrackers (ie) Plc - Xtrackers Russell 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 (ie) Plc - Xtrackers Russell Midcap Ucits Etf 1c of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $45.74 ( 0%) | $45.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XRMU.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 45.74 | - |
| R2 | 45.74 | - |
| R1 | 45.74 | - |
| Price | 45.74 | |
| S1 | 45.74 | - |
| S2 | 45.74 | - |
| S3 | 45.74 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 46.01 | 0.579% |
| R1 | 45.85 | 0.240% |
| Price | 45.74 | |
| S1 | 44.85 | -1.95% |
| S2 | 44.65 | -2.38% |
| S3 | 42.59 | -6.89% |
FAQ
Click here for our free guide on how to buy Xtrackers (ie) Plc - Xtrackers Russell Midcap Ucits Etf 1c ETF.
