Xtrackers (ie) Plc - Xtrackers Usd High ETF Forecast

Red day on Thursday for Xtrackers (ie) Plc - Xtrackers Usd High
(Updated on Jun 27, 2024)

XUHY.F Signals & Forecast

The Xtrackers (ie) Plc - Xtrackers Usd High ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately 11.72€. On a fall, the ETF will find some support from the long-term average at approximately 11.60€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, June 21, 2024, and so far it has fallen -0.345%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Monday, April 29, 2024 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 (ie) Plc - Xtrackers Usd High ETF

Xtrackers (ie) Plc - Xtrackers Usd High finds support from accumulated volume at 11.69€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved 0.0690€ between high and low, or 0.590%. For the last week the ETF has had daily average volatility of 0.421%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (XUHY.F) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Xtrackers (ie) Plc - Xtrackers Usd High Yield Corporate Bond Ucits Etf 1d to open at 11.72€, and during the day (based on 14 day Average True Range), to move between 11.66€ and 11.77€, which gives a possible trading interval of +/-0.0574€ (+/-0.49%) up or down from last closing price. If Xtrackers (ie) Plc - Xtrackers Usd High Yield Corporate Bond Ucits Etf 1d takes out the full calculated possible swing range there will be an estimated 0.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 11.73€ (0.13%) than the support at 11.69€ (0.20%), 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 (ie) Plc - Xtrackers Usd High Yield Corporate Bond Ucits Etf 1d ETF A Buy?

Xtrackers (ie) Plc - Xtrackers Usd High holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -2.062 Sell Candidate Unchanged

Predicted Opening Price for Xtrackers (ie) Plc - Xtrackers Usd High Yield Corporate Bond Ucits Etf 1d of Friday, June 28, 2024

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