Xtrackers - Msci Europe Small Cap Ucits ETF Forecast
Evaluation of Xtrackers - Msci Europe Small Cap Ucits ETF downgraded after the last trading session.
(Updated on Jun 26, 2024)
The Xtrackers - Msci Europe Small Cap Ucits ETF price fell by -0.455% on the last day (Wednesday, 26th Jun 2024) from £4,943.00 to £4,920.50. During the last trading day the ETF fluctuated 0.266% from a day low at £4,912.50 to a day high of £4,925.58. The price has fallen in 6 of the last 10 days and is down by -2.97% for this period. 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 -1 thousand shares and in total, 2 thousand shares were bought and sold for approximately £11.11 million.
The ETF has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at £4,923.50. A reaction back to this level may hold a second chance to get out before further falls.
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XXSC.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.593%. 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 - Msci Europe Small Cap Ucits 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 £4,962.16 and £5,042.93. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for Xtrackers - Msci Europe Small Cap Ucits ETF
Xtrackers - Msci Europe Small Cap Ucits finds support from accumulated volume at £4,913.50 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 £13.07 between high and low, or 0.266%. For the last week the ETF has had daily average volatility of 0.568%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XXSC.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Xtrackers - Msci Europe Small Cap Ucits Etf to open at £4,919.53, and during the day (based on 14 day Average True Range), to move between £4,869.77 and £4,971.23, which gives a possible trading interval of +/-£50.73 (+/-1.03%) up or down from last closing price. If Xtrackers - Msci Europe Small Cap Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £4,913.50 (0.14%) than the resistance at £4,942.00 (0.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xtrackers - Msci Europe Small Cap Ucits Etf ETF A Buy?
The Xtrackers - Msci Europe Small Cap Ucits ETF holds several negative signals and despite the positive trend, we believe Xtrackers - Msci Europe Small Cap Ucits will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.775 Sell Candidate Downgraded
Predicted Opening Price for Xtrackers - Msci Europe Small Cap Ucits Etf of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
£4,919.53 ( 0.0198%) | £4,920.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XXSC.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4,932.60 | 0.246% |
R2 | 4,927.61 | 0.144% |
R1 | 4,924.52 | 0.0817% |
Price | 4,920.50 | |
S1 | 4,914.53 | -0.121% |
S2 | 4,911.44 | -0.184% |
S3 | 4,906.45 | -0.286% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 5,106.00 | 3.77% |
R2 | 5,095.50 | 3.56% |
R1 | 4,942.00 | 0.437% |
Price | 4,920.50 | |
S1 | 4,913.50 | -0.142% |
S2 | 4,867.75 | -1.07% |
S3 | 4,763.50 | -3.19% |
FAQ
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