Xtrackers Msci Emerging Markets Esg ETF Forecast
Green day on Friday for Xtrackers Msci Emerging Markets Esg
(Updated on Jun 28, 2024)
The Xtrackers Msci Emerging Markets Esg ETF price gained 0.187% on the last trading day (Friday, 28th Jun 2024), rising from 42.68€ to 42.76€. During the last trading day the ETF fluctuated 0.760% from a day low at 42.76€ to a day high of 43.08€. The price has been going up and down for this period, and there has been a 1.48% gain for the last 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 2 thousand shares were bought and sold for approximately 104.49€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 6.05% during the next 3 months and, with a 90% probability hold a price between 43.72€ and 47.07€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
XZEM.F Signals & Forecast
The Xtrackers Msci Emerging Markets Esg 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 42.88€. On a fall, the ETF will find some support from the long-term average at approximately 42.25€. 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 Wednesday, June 19, 2024, and so far it has fallen -1.12%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
A sell signal from a double top formation was found on Wednesday, June 19, 2024 and based on theory for this formation the price should fall by -11.36% to 37.90€ within 23 trading days since signal was issued (Monday, July 22, 2024).
Support, Risk & Stop-loss for Xtrackers Msci Emerging Markets Esg ETF
Xtrackers Msci Emerging Markets Esg finds support from accumulated volume at 42.47€ 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 controlled movements and therefore the general risk is considered 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 0.325€ between high and low, or 0.760%. For the last week the ETF has had daily average volatility of 0.84%.
Our recommended stop-loss: 41.35€ (-3.28%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (XZEM.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xtrackers Msci Emerging Markets Esg Ucits Etf to open at 42.86€, and during the day (based on 14 day Average True Range), to move between 42.35€ and 43.16€, which gives a possible trading interval of +/-0.406€ (+/-0.95%) up or down from last closing price. If Xtrackers Msci Emerging Markets Esg Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 43.03€ (0.64%) than the support at 42.47€ (0.67%), 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 Emerging Markets Esg Ucits Etf ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Xtrackers Msci Emerging Markets Esg ETF to perform well in the short-term.
Current score: 3.883 Buy Candidate Unchanged
Predicted Opening Price for Xtrackers Msci Emerging Markets Esg Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 42.86€ ( 0.253%) | 42.76€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XZEM.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.19 | 1.01% |
| R2 | 43.06 | 0.723% |
| R1 | 42.99 | 0.544% |
| Price | 42.76 | |
| S1 | 42.74 | -0.0370% |
| S2 | 42.66 | -0.216% |
| S3 | 42.54 | -0.507% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.07 | 0.725% |
| R2 | 43.06 | 0.713% |
| R1 | 43.03 | 0.643% |
| Price | 42.76 | |
| S1 | 42.47 | -0.667% |
| S2 | 41.72 | -2.42% |
| S3 | 39.63 | -7.31% |
FAQ
Click here for our free guide on how to buy Xtrackers Msci Emerging Markets Esg Ucits Etf ETF.
