Xtrackers (ie) Plc - Xtrackers Russell ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
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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