Xtrackers Msci Usa Information ETF Forecast
Weaker technical forecast for Xtrackers Msci Usa Information as ETF downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Xtrackers Msci Usa Information ETF price gained 1.28% on the last trading day (Friday, 28th Jun 2024), rising from £8,427.00 to £8,535.00. During the last trading day the ETF fluctuated 1.43% from a day low at £8,483.00 to a day high of £8,604.00. The price has risen in 6 of the last 10 days and is up by 2.05% 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, 2 thousand shares were bought and sold for approximately £15.84 million.
The ETF lies in the middle of a wide and strong 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 17.75% during the next 3 months and, with a 90% probability hold a price between £9,332.37 and £10,354.54 at the end of this 3-month period.
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XSTC.L Signals & Forecast
The Xtrackers Msci Usa Information 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 £8,510.50 and £7,968.42. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -1.43%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Xtrackers Msci Usa Information ETF
Xtrackers Msci Usa Information finds support from accumulated volume at £8,504.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved £121.00 between high and low, or 1.43%. For the last week, the ETF has had daily average volatility of 1.13%.
Our recommended stop-loss: £8,234.80 (-3.52%) (This ETF has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (XSTC.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xtrackers Msci Usa Information Technology Ucits Etf to open at £8,540.67, and during the day (based on 14 day Average True Range), to move between £8,409.00 and £8,661.00, which gives a possible trading interval of +/-£126.00 (+/-1.48%) up or down from last closing price. If Xtrackers Msci Usa Information Technology Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £8,504.00 (0.36%) than the resistance at £8,596.00 (0.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xtrackers Msci Usa Information Technology Ucits Etf ETF A Buy?
Xtrackers Msci Usa Information 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 Usa Information Technology Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £8,540.67 ( 0.0664%) | £8,535.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XSTC.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8,661.67 | 1.48% |
| R2 | 8,615.44 | 0.94% |
| R1 | 8,586.89 | 0.608% |
| Price | 8,535.00 | |
| S1 | 8,494.44 | -0.475% |
| S2 | 8,465.89 | -0.81% |
| S3 | 8,419.67 | -1.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8,659.00 | 1.45% |
| R2 | 8,634.00 | 1.16% |
| R1 | 8,596.00 | 0.715% |
| Price | 8,535.00 | |
| S1 | 8,504.00 | -0.363% |
| S2 | 7,485.50 | -12.30% |
| S3 | 7,241.50 | -15.16% |
FAQ
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