Xtrackers Msci Usa Banks Ucits Etf ETF Forecast

Xtrackers Msci Usa Banks Ucits Etf ETF upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)

XUFB.L Signals & Forecast

The Xtrackers Msci Usa Banks Ucits Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £1,885.60 and £1,894.41. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 4.75%. Further rise is indicated until a new top pivot has been found. 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. The ETF had a Golden Star Signal on Wednesday, September 27, 2023 in the long-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 Msci Usa Banks Ucits Etf ETF

Xtrackers Msci Usa Banks Ucits Etf finds support from accumulated volume at £1,894.90 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 £23.71 between high and low, or 1.25%. For the last week the ETF has had daily average volatility of 0.700%.

Our recommended stop-loss: £1,820.40 (-5.04%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Xtrackers Msci Usa Banks Ucits Etf to open at £1,909.10, and during the day (based on 14 day Average True Range), to move between £1,897.03 and £1,936.97, which gives a possible trading interval of +/-£19.97 (+/-1.04%) up or down from last closing price. If Xtrackers Msci Usa Banks Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £1,922.40 (0.28%) than the support at £1,894.90 (1.15%), 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 Msci Usa Banks Ucits Etf ETF A Buy?

Xtrackers Msci Usa Banks 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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 Banks Ucits Etf of Monday, July 1, 2024

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