Xtrackers Msci Europe Health Care Esg ETF Forecast

Evaluation of Xtrackers Msci Europe Health Care Esg ETF downgraded after the last trading session.
(Updated on Jun 25, 2024)

XSDR.L Signals & Forecast

The Xtrackers Msci Europe Health Care Esg 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 £20,424.64 and £20,003.66. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 6.73%. 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. The ETF had a Golden Star Signal on Tuesday, August 22, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for Xtrackers Msci Europe Health Care Esg ETF

On the downside, the ETF finds support just below today's level from accumulated volume at £19,196.00 and £18,857.00. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Xtrackers Msci Europe Health Care Esg finds support just below today's level at £19,196.00. If this is broken, then the next support from accumulated volume will be at £18,857.00 and £18,766.00.

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 £130.00 between high and low, or 0.630%. For the last week the ETF has had daily average volatility of 0.549%

Our recommended stop-loss: £19,768.96 (-4.87%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)

Trading Expectations (XSDR.L) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Xtrackers Msci Europe Health Care Esg Screened Ucits Etf to open at £20,736.67, and during the day (based on 14 day Average True Range), to move between £20,615.52 and £20,944.48, which gives a possible trading interval of +/-£164.48 (+/-0.79%) up or down from last closing price. If Xtrackers Msci Europe Health Care Esg Screened Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.58% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ £19,196.00, some £1,584.00 (7.62%) from the current price of £20,780.00, our system finds the risk reward attractive.

Is Xtrackers Msci Europe Health Care Esg Screened Ucits Etf ETF A Buy?

Xtrackers Msci Europe Health Care Esg 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 Msci Europe Health Care Esg Screened Ucits Etf of Wednesday, June 26, 2024

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