Xtrackers Msci Usa Esg Ucits Etf ETF Forecast

Xtrackers Msci Usa Esg Ucits Etf ETF upgraded to Buy Candidate.
(Updated on Jun 28, 2024)

XZMU.F Signals & Forecast

The Xtrackers Msci Usa Esg Ucits Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 55.94€ and 54.13€. A breakdown below any of these levels will issue sell signals. 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 Thursday, June 20, 2024, and so far it has fallen -0.178%. 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. The ETF had a Golden Star Signal on Monday, November 06, 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 Esg Ucits Etf ETF

Xtrackers Msci Usa Esg Ucits Etf finds support from accumulated volume at 55.37€ 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 0.430€ between high and low, or 0.768%. For the last week the ETF has had daily average volatility of 0.761%.

The Xtrackers Msci Usa Esg Ucits Etf ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.

Our recommended stop-loss: 54.45€ (-3.02%) (This ETF has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 48 days ago.)

Trading Expectations (XZMU.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Xtrackers Msci Usa Esg Ucits Etf to open at 56.19€, and during the day (based on 14 day Average True Range), to move between 55.70€ and 56.60€, which gives a possible trading interval of +/-0.448€ (+/-0.80%) up or down from last closing price. If Xtrackers Msci Usa Esg Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 56.25€ (0.18%) than the support at 55.37€ (1.39%), 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 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 Usa Esg Ucits Etf ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 4.409 Buy Candidate Upgraded

Predicted Opening Price for Xtrackers Msci Usa Esg Ucits Etf of Monday, July 1, 2024

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