Xtrackers S&p Europe Ex Uk Ucits Etf ETF Forecast
Xtrackers S&p Europe Ex Uk Ucits Etf ETF downgraded to Hold/Accumulate
(Updated on Jun 25, 2024)
The Xtrackers S&p Europe Ex Uk Ucits Etf ETF price fell by -0.404% on the last day (Tuesday, 25th Jun 2024) from £6,191.50 to £6,166.50. During the last trading day the ETF fluctuated 0.390% from a day low at £6,147.00 to a day high of £6,171.00. The price has been going up and down for this period, and there has been a -0.93% loss for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -54 thousand shares and in total, 12 thousand shares were bought and sold for approximately £72.71 million.
The ETF lies in the middle of a weak 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 2.29% during the next 3 months and, with a 90% probability hold a price between £6,238.35 and £6,571.79 at the end of this 3-month period.
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XUEK.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 0.366%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Xtrackers S&p Europe Ex Uk Ucits Etf ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at £6,234.10. On a fall, the ETF will find some support from the short-term average at £6,160.00. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The ETF had a Golden Star Signal on Friday, May 03, 2024 in the short-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.
Golden Star
The ETF had a Golden Star Signal on Friday, May 03, 2024 in the short-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 S&p Europe Ex Uk Ucits Etf ETF
Xtrackers S&p Europe Ex Uk Ucits Etf finds support from accumulated volume at £6,133.00 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 £24.00 between high and low, or 0.390%. For the last week the ETF has had daily average volatility of 0.711%.
Our recommended stop-loss: £5,789.81 (-6.11%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (XUEK.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Xtrackers S&p Europe Ex Uk Ucits Etf to open at £6,161.50, and during the day (based on 14 day Average True Range), to move between £6,115.13 and £6,217.87, which gives a possible trading interval of +/-£51.37 (+/-0.83%) up or down from last closing price. If Xtrackers S&p Europe Ex Uk Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £6,191.50 (0.41%) than the support at £6,133.00 (0.54%), 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 S&p Europe Ex Uk Ucits Etf ETF A Buy?
Xtrackers S&p Europe Ex Uk 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. 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: -0.859 Hold/Accumulate Downgraded
Predicted Opening Price for Xtrackers S&p Europe Ex Uk Ucits Etf of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
£6,161.50 ( 0.0811%) | £6,166.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XUEK.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 6,185.50 | 0.308% |
R2 | 6,176.33 | 0.159% |
R1 | 6,170.67 | 0.0676% |
Price | 6,166.50 | |
S1 | 6,152.33 | -0.230% |
S2 | 6,146.67 | -0.322% |
S3 | 6,137.50 | -0.470% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 6,295.00 | 2.08% |
R2 | 6,202.00 | 0.576% |
R1 | 6,191.50 | 0.405% |
Price | 6,166.50 | |
S1 | 6,133.00 | -0.543% |
S2 | 6,092.00 | -1.21% |
S3 | 6,050.00 | -1.89% |
XUEK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 22, 2024 | May 22, 2024 | Jun 07, 2024 | £31.61 | 0.501% |
2 | Feb 21, 2024 | Feb 21, 2024 | Mar 07, 2024 | £25.04 | 0.412% |
3 | Nov 15, 2023 | Nov 15, 2023 | Nov 30, 2023 | £0.120 | 0.0022% |
4 | Aug 23, 2023 | Aug 23, 2023 | Sep 07, 2023 | £92.65 | 1.73% |
5 | May 24, 2023 | May 24, 2023 | Jun 07, 2023 | £28.64 | 0.519% |
FAQ
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