Xtrackers Msci World Esg Ucits Etf ETF Forecast
Stronger technical forecast for Xtrackers Msci World Esg Ucits Etf ETF price after Friday trading.
(Updated on Jun 28, 2024)
The Xtrackers Msci World Esg Ucits Etf ETF price gained 0.746% on the last trading day (Friday, 28th Jun 2024), rising from 68.34€ to 68.85€. During the last trading day the ETF fluctuated 0.321% from a day low at 68.63€ to a day high of 68.85€. The price has risen in 6 of the last 10 days and is up by 1.55% over the past 2 weeks. Volume fell on the last day by -238 shares and in total, 360 shares were bought and sold for approximately 24.79€ 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 7.95% during the next 3 months and, with a 90% probability hold a price between 71.28€ and 76.14€ at the end of this 3-month period.
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XZWE.MI Signals & Forecast
The Xtrackers Msci World 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 68.44€ and 67.04€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 10.99%. Further rise is indicated until a new top pivot has been found. 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. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Xtrackers Msci World Esg Ucits Etf ETF
Xtrackers Msci World Esg Ucits Etf finds support from accumulated volume at 66.77€ 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 0.220€ between high and low, or 0.321%. For the last week the ETF has had daily average volatility of 0.305%
Our recommended stop-loss: 66.70€ (-3.12%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 67 days ago.)
Trading Expectations (XZWE.MI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Xtrackers Msci World Esg Ucits Etf to open at 68.78€, and during the day (based on 14 day Average True Range), to move between 68.47€ and 69.23€, which gives a possible trading interval of +/-0.377€ (+/-0.55%) up or down from last closing price. If Xtrackers Msci World Esg Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.09% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 66.77€, some 2.08€ (3.02%) from the current price of 68.85€, our system finds the risk reward attractive.
Is Xtrackers Msci World Esg Ucits Etf ETF A Buy?
Xtrackers Msci World Esg Ucits Etf holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 6.775 Strong Buy Candidate Upgraded
Predicted Opening Price for Xtrackers Msci World Esg Ucits Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
68.78€ ( 0.107%) | 68.85€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XZWE.MI
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 69.00 | 0.213% |
R2 | 68.91 | 0.0910% |
R1 | 68.86 | 0.0156% |
Price | 68.85 | |
S1 | 68.69 | -0.229% |
S2 | 68.64 | -0.304% |
S3 | 68.56 | -0.426% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 68.85 | |
S1 | 66.77 | -3.02% |
S2 | 66.30 | -3.70% |
S3 | 64.00 | -7.04% |
FAQ
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