Xtrackers (ie) Plc - Xtrackers Russell ETF Forecast
Stronger technical forecast for Xtrackers (ie) Plc - Xtrackers Russell ETF price after Friday trading.
(Updated on Jun 28, 2024)
The Xtrackers (ie) Plc - Xtrackers Russell ETF price gained 0.509% on the last trading day (Friday, 28th Jun 2024), rising from 43.20€ to 43.42€. During the last trading day the ETF fluctuated 0.611% from a day low at 43.40€ to a day high of 43.67€. The price has risen in 6 of the last 10 days and is up by 1.38% 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, 2 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately 116.84€ thousand.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 8.20% during the next 3 months and, with a 90% probability hold a price between 45.05€ and 47.57€ at the end of this 3-month period.
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XRSM.F Signals & Forecast
Mostly positive signals in the chart today. 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 43.25€ and 41.89€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 10.71%. 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 (ie) Plc - Xtrackers Russell 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Xtrackers (ie) Plc - Xtrackers Russell ETF
Xtrackers (ie) Plc - Xtrackers Russell finds support from accumulated volume at 43.18€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved 0.265€ (0.611%) between high and low. For the last week, the ETF has had daily average volatility of 0.399%.
The Xtrackers (ie) Plc - Xtrackers Russell ETF is extremely overbought on RSI14 (86). This increases the short-term risk substantially.
Our recommended stop-loss: 42.00€ (-3.28%) (This ETF has low daily movements and this gives low risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from a pivot bottom found 63 days ago.)
Trading Expectations (XRSM.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xtrackers (ie) Plc - Xtrackers Russell Midcap Ucits Etf 1c to open at 43.50€, and during the day (based on 14 day Average True Range), to move between 43.15€ and 43.69€, which gives a possible trading interval of +/-0.267€ (+/-0.61%) 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 1.23% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 43.18€, some 0.245€ (0.56%) from the current price of 43.42€, our system finds the risk reward attractive.
Is Xtrackers (ie) Plc - Xtrackers Russell Midcap Ucits Etf 1c ETF A Buy?
Xtrackers (ie) Plc - Xtrackers Russell holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.884 Strong Buy Candidate Upgraded
Predicted Opening Price for Xtrackers (ie) Plc - Xtrackers Russell Midcap Ucits Etf 1c of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
43.50€ ( 0.173%) | 43.42€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XRSM.F
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 43.76 | 0.783% |
R2 | 43.66 | 0.550% |
R1 | 43.60 | 0.406% |
Price | 43.42 | |
S1 | 43.39 | -0.0604% |
S2 | 43.33 | -0.204% |
S3 | 43.23 | -0.438% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 43.42 | |
S1 | 43.18 | -0.564% |
S2 | 40.71 | -6.24% |
S3 | 40.28 | -7.23% |
FAQ
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