Xtrackers Russell 2000 Ucits Etf ETF Forecast

Xtrackers Russell 2000 Ucits Etf ETF price ended at 274.90€ on Friday, after losing 0.344%.
(Updated on Jun 21, 2024)

XRS2.F Signals & Forecast

There are mixed signals in the ETF today. The Xtrackers Russell 2000 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 277.18€. On a fall, the ETF will find some support from the short-term average at 274.21€. 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. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -2.76%. Further fall is indicated until a new bottom pivot has been found. Xtrackers Russell 2000 Ucits Etf gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Xtrackers Russell 2000 Ucits Etf ETF

Xtrackers Russell 2000 Ucits Etf finds support from accumulated volume at 274.80€ 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 2.05€ between high and low, or 0.750%. For the last week the ETF has had daily average volatility of 0.693%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (XRS2.F) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Xtrackers Russell 2000 Ucits Etf to open at 274.58€, and during the day (based on 14 day Average True Range), to move between 271.72€ and 278.08€, which gives a possible trading interval of +/-3.18€ (+/-1.16%) up or down from last closing price. If Xtrackers Russell 2000 Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 274.80€ (0.04%) than the resistance at 279.15€ (1.55%), 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 Russell 2000 Ucits Etf ETF A Buy?

Xtrackers Russell 2000 Ucits Etf holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -2.717 Sell Candidate Unchanged

Predicted Opening Price for Xtrackers Russell 2000 Ucits Etf of Monday, June 24, 2024

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