Xtrackers S&p Europe Ex Uk Ucits Etf ETF Forecast

Xtrackers S&p Europe Ex Uk Ucits Etf ETF price ended at £6,124.50 on Friday, after losing 0.681%.
(Updated on Jun 28, 2024)

XUEK.L Signals & Forecast

There are few to no technical positive signals at the moment. The Xtrackers S&p Europe Ex Uk 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 £6,163.29 and £6,231.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -3.70%. 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). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. 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 £6,092.00 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 £31.00 between high and low, or 0.507%. For the last week the ETF has had daily average volatility of 0.388%.

Our recommended stop-loss: £5,836.39 (-4.70%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 39 days ago.)

Trading Expectations (XUEK.L) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Xtrackers S&p Europe Ex Uk Ucits Etf to open at £6,130.50, and during the day (based on 14 day Average True Range), to move between £6,079.83 and £6,169.17, which gives a possible trading interval of +/-£44.67 (+/-0.73%) 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 1.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £6,133.00 (0.14%) than the support at £6,092.00 (0.53%), 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 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: 0.000 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 Europe Ex Uk Ucits Etf of Monday, July 1, 2024

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