Xtrackers Stoxx Europe 600 Ucits Etf ETF Forecast

Red day on Friday for Xtrackers Stoxx Europe 600 Ucits Etf
(Updated on Jun 28, 2024)

XSXE.F Signals & Forecast

There are few to no technical positive signals at the moment. The Xtrackers Stoxx Europe 600 Ucits Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 121.33€ and 122.50€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -2.82%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Xtrackers Stoxx Europe 600 Ucits Etf gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Monday, April 22, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, August 28, 2023.

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 Stoxx Europe 600 Ucits Etf ETF

Xtrackers Stoxx Europe 600 Ucits Etf finds support from accumulated volume at 118.44€ 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 0.740€ between high and low, or 0.613%. For the last week the ETF has had daily average volatility of 0.83%.

Our recommended stop-loss: 116.67€ (-3.35%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Xtrackers Stoxx Europe 600 Ucits Etf to open at 120.97€, and during the day (based on 14 day Average True Range), to move between 119.77€ and 121.67€, which gives a possible trading interval of +/-0.95€ (+/-0.79%) up or down from last closing price. If Xtrackers Stoxx Europe 600 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.

Since the stock is closer to the resistance from accumulated volume at 122.26€ (1.28%) than the support at 118.44€ (1.89%), 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 Stoxx Europe 600 Ucits Etf ETF A Buy?

Xtrackers Stoxx Europe 600 Ucits Etf holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.092 Hold/Accumulate Unchanged

Predicted Opening Price for Xtrackers Stoxx Europe 600 Ucits Etf of Monday, July 1, 2024

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