Xtrackers S&p 500 Swap Ucits Etf ETF Forecast

Xtrackers S&p 500 Swap Ucits Etf ETF price up 0.779% on Friday
(Updated on Jun 28, 2024)

XSPU.L 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 £108.19 and £105.48. 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 10.78%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

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 £103.38 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 £0.650 between high and low, or 0.599%. For the last week the ETF has had daily average volatility of 0.387%.

Our recommended stop-loss: £104.99 (-3.44%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 66 days ago.)

Trading Expectations (XSPU.L) 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 £108.77, and during the day (based on 14 day Average True Range), to move between £108.01 and £109.45, which gives a possible trading interval of +/-£0.719 (+/-0.66%) 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 1.32% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ £103.38, some £5.35 (4.92%) from the current price of £108.73, 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, 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.

Current score: 0.000 Hold/Accumulate Unchanged

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 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.