Xtrackers S&p 500 Swap Ucits Etf ETF Forecast

Xtrackers S&p 500 Swap Ucits Etf ETF upgraded from Hold/Accumulate to Strong Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)

XS5E.F Signals & Forecast

The Xtrackers S&p 500 Swap Ucits Etf 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 8.21€ and 8.03€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 10.34%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Xtrackers S&p 500 Swap Ucits Etf ETF

Xtrackers S&p 500 Swap Ucits Etf finds support from accumulated volume at 8.15€ 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 0.0086€ between high and low, or 0.104%. For the last week the ETF has had daily average volatility of 0.193%

Our recommended stop-loss: 7.99€ (-3.00%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 68 days ago.)

Trading Expectations (XS5E.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Xtrackers S&p 500 Swap Ucits Etf to open at 8.24€, and during the day (based on 14 day Average True Range), to move between 8.20€ and 8.29€, which gives a possible trading interval of +/-0.0457€ (+/-0.55%) up or down from last closing price. If Xtrackers S&p 500 Swap Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.11% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 8.15€, some 0.0922€ (1.12%) from the current price of 8.24€, our system finds the risk reward attractive.

Is Xtrackers S&p 500 Swap Ucits Etf ETF A Buy?

Xtrackers S&p 500 Swap Ucits Etf 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 Hold/Accumulate to a Strong Buy candidate.

Current score: 5.794 Strong Buy Candidate Upgraded

Predicted Opening Price for Xtrackers S&p 500 Swap Ucits Etf of Monday, July 1, 2024

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