Deutsche X-trackers MSCI EAFE Hedged Eq ETF Forecast
Deutsche X-trackers MSCI EAFE Hedged Eq ETF upgraded to Hold/Accumulate.
(Updated on Apr 23, 2024)
The Deutsche X-trackers MSCI EAFE Hedged Eq ETF price gained 0.747% on the last trading day (Tuesday, 23rd Apr 2024), rising from $40.18 to $40.48. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.637% from a day low at $40.25 to a day high of $40.51. The price has fallen in 6 of the last 10 days and is down by -0.15% for this period. Volume fell on the last day by -638 thousand shares and in total, 525 thousand shares were bought and sold for approximately $21.24 million. 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 7.73% during the next 3 months and, with a 90% probability hold a price between $42.87 and $45.08 at the end of this 3-month period.
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DBEF Signals & Forecast
The Deutsche X-trackers MSCI EAFE Hedged Eq ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $39.95 and $40.24. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. 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, March 27, 2024, and so far it has fallen -1.20%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Deutsche X-trackers MSCI EAFE Hedged Eq ETF
Deutsche X-trackers MSCI EAFE Hedged Eq finds support from accumulated volume at $40.42 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 $0.256 between high and low, or 0.637%. For the last week the ETF has had daily average volatility of 0.686%.
Our recommended stop-loss: $39.02 (-3.61%) (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 (DBEF) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Deutsche X-trackers MSCI EAFE Hedged Eq to open at $40.41, and during the day (based on 14 day Average True Range), to move between $40.13 and $40.83, which gives a possible trading interval of +/-$0.353 (+/-0.87%) up or down from last closing price. If Deutsche X-trackers MSCI EAFE Hedged Eq takes out the full calculated possible swing range there will be an estimated 1.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $40.42 (0.15%) than the resistance at $40.54 (0.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Deutsche X-trackers MSCI EAFE Hedged Eq ETF A Buy?
Deutsche X-trackers MSCI EAFE Hedged Eq 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: 0.084 Hold/Accumulate Upgraded
Predicted Opening Price for Deutsche X-trackers MSCI EAFE Hedged Eq of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $40.41 ( 0.168%) | $40.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DBEF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.67 | 0.465 % | |
| R2 | 40.57 | 0.224 % | ||
| R1 | 40.51 | 0.0741 % | ||
| Current price: | 40.48 | |||
| Support | S1 | 40.31 | -0.410 % | |
| S2 | 40.25 | -0.559 % | ||
| S3 | 40.16 | -0.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.92 | 1.09 % | |
| R2 | 40.58 | 0.247 % | ||
| R1 | 40.54 | 0.148 % | ||
| Current price | 40.48 | |||
| Support | S1 | 40.42 | -0.148% | |
| S2 | 39.81 | -1.66% | ||
| S3 | 38.02 | -6.08% |
DBEF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.0340 | 0.0933% |
| 2 | Mar 07, 2023 | Jun 23, 2023 | Jun 30, 2023 | $1.61 | 4.56% |
| 3 | Dec 16, 2022 | Dec 16, 2022 | Dec 16, 2022 | $0.140 | 0.430% |
| 4 | Dec 06, 2022 | Dec 07, 2022 | Dec 14, 2022 | $4.47 | 13.37% |
| 5 | Mar 04, 2022 | Jun 24, 2022 | Jul 01, 2022 | $0.500 | 1.43% |
FAQ
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