Xtrackers Ii Gbp Overnight Rate Swap ETF Forecast

Evaluation of Xtrackers Ii Gbp Overnight Rate Swap ETF downgraded after the last trading session.
(Updated on Jun 25, 2024)

XSTR.L Signals & Forecast

The Xtrackers Ii Gbp Overnight Rate Swap 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 £18,341.52 and £18,284.70. 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). 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 Monday, June 24, 2024, and so far it has fallen -0.0272%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Xtrackers Ii Gbp Overnight Rate Swap ETF

Xtrackers Ii Gbp Overnight Rate Swap finds support from accumulated volume at £18,323.00 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 £7.00 between high and low, or 0.0382%. For the last week the ETF has had daily average volatility of 0.0807%.

The Xtrackers Ii Gbp Overnight Rate Swap ETF is extremely overbought on RSI14 (89). This increases the short-term risk substantially.

Our recommended stop-loss: £17,469.67 (-4.79%) (This ETF has low daily movements and this gives low risk. The RSI14 is 89 and this increases the risk substantially. There is a sell signal from a pivot top found 3 days ago.)

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

For the upcoming trading day on Wednesday, 26th we expect Xtrackers Ii Gbp Overnight Rate Swap Ucits Etf to open at £18,348.67, and during the day (based on 14 day Average True Range), to move between £18,304.82 and £18,393.18, which gives a possible trading interval of +/-£44.18 (+/-0.24%) up or down from last closing price. If Xtrackers Ii Gbp Overnight Rate Swap Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £18,354.00 (0.03%) than the support at £18,323.00 (0.14%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Xtrackers Ii Gbp Overnight Rate Swap Ucits Etf ETF A Buy?

Xtrackers Ii Gbp Overnight Rate Swap 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: 0.318 Hold/Accumulate Downgraded

Predicted Opening Price for Xtrackers Ii Gbp Overnight Rate Swap Ucits Etf of Wednesday, June 26, 2024

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