CurrencyShares Euro ETF Forecast and Stock Analysis
Technical FXE stock analysis for Friday May 24, 2019.
|Shorts||5.45% ( 2013-01-15 )|
|Price to book||n/a|
|Next Earnings Date||n/a|
CurrencyShares Euro ETF gained 0.27% in the last trading day ( Friday, 24th May 2019 ), rising from $106.49 to $106.78 , and 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 day the stock fluctuated 0.23% from a day low at $106.58 to a day high of $106.82. The price has fallen in 5 of the last 10 days and is down by -0.21% for this period. Volume fell in the last day by -47 806 shares, and in total, 142 226 shares bought and sold for approximately $15.19 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the FXE stock price was $107.37 and low was $105.81.
- 90 day high was $109.21 and low was $105.81.
- 52 week high for the CurrencyShares Euro ETF - $113.57 and low - $105.81.
Given the current horizontal trend you can expect CurrencyShares Euro ETF with 90% probability to be traded between $103.10 and $105.72 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
A buy signal was issued from a pivot bottom point on Thursday April 25, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. CurrencyShares Euro ETF holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $106.88. On a fall, the stock will find some support from the short-term average at $106.45. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 51 and the stock is currently not being overbought or oversold
Support & Resistance
CurrencyShares Euro ETF finds support from accumulated volume at $106.77.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.24 (0.23%) between high and low. For the last week, the stock has had a daily average volatility of 0.31%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
0.31 %Average volatility
Very Low Low Medium High Very High
CurrencyShares Euro ETF holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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