Xtrackers - Msci Europe Small Cap Ucits ETF Forecast
Stronger technical forecast for Xtrackers - Msci Europe Small Cap Ucits ETF price after Friday trading.
(Updated on Jun 28, 2024)
The Xtrackers - Msci Europe Small Cap Ucits ETF price fell by -0.0711% on the last day (Friday, 28th Jun 2024) from £4,920.50 to £4,917.00. During the last trading day the ETF fluctuated 0.620% from a day low at £4,917.00 to a day high of £4,947.50. The price has fallen in 5 of the last 10 days but is still up by 0.52% over the past 2 weeks. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately £5.20 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 £4,928.11. A reaction back to this level may hold a second chance to get out before further falls.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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 0.521%. 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 £4,951.80 and £5,038.59. 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 rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
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 £30.50 between high and low, or 0.620%. For the last week the ETF has had daily average volatility of 0.451%.
Our recommended stop-loss: £4,663.32 (-5.16%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (XXSC.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xtrackers - Msci Europe Small Cap Ucits Etf to open at £4,927.17, and during the day (based on 14 day Average True Range), to move between £4,871.05 and £4,962.95, which gives a possible trading interval of +/-£45.95 (+/-0.93%) 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 1.87% 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 (0.07%) than the resistance at £4,942.00 (0.51%), 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?
Xtrackers - Msci Europe Small Cap Ucits 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. 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 Europe Small Cap Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £4,927.17 ( 0.207%) | £4,917.00 |
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 | 4,957.66 | 0.83% |
| R2 | 4,946.01 | 0.590% |
| R1 | 4,938.82 | 0.444% |
| Price | 4,917.00 | |
| S1 | 4,915.52 | -0.0302% |
| S2 | 4,908.32 | -0.177% |
| S3 | 4,896.67 | -0.413% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5,106.00 | 3.84% |
| R2 | 5,095.50 | 3.63% |
| R1 | 4,942.00 | 0.508% |
| Price | 4,917.00 | |
| S1 | 4,913.50 | -0.0712% |
| S2 | 4,867.75 | -1.00% |
| S3 | 4,763.50 | -3.12% |
FAQ
Click here for our free guide on how to buy Xtrackers - Msci Europe Small Cap Ucits Etf ETF.
