CurrencyShares Euro ETF Forecast
CurrencyShares Euro ETF price ended at $99.71 on Thursday, after losing 0.340%.
(Updated on Mar 28, 2024)
The CurrencyShares Euro ETF price fell by -0.340% on the last day (Thursday, 28th Mar 2024) from $100.05 to $99.71. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.222% from a day low at $99.68 to a day high of $99.90. The price has fallen in 8 of the last 10 days and is down by -0.88% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -5 thousand shares and in total, 16 thousand shares were bought and sold for approximately $1.57 million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect CurrencyShares Euro ETF with a 90% probability to be traded between $98.07 and $100.45 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FXE Signals & Forecast
There are few to no technical positive signals at the moment. The CurrencyShares Euro ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $100.15 and $100.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -1.37%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The ETF had a Golden Star Signal on Tuesday, June 13, 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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Tuesday, June 13, 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 CurrencyShares Euro ETF
CurrencyShares Euro finds support from accumulated volume at $99.49 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 $0.221 between high and low, or 0.222%. For the last week the ETF has had daily average volatility of 0.193%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FXE) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect CurrencyShares Euro ETF to open at $99.76, and during the day (based on 14 day Average True Range), to move between $99.36 and $100.06, which gives a possible trading interval of +/-$0.350 (+/-0.35%) up or down from last closing price. If CurrencyShares Euro ETF takes out the full calculated possible swing range there will be an estimated 0.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $99.86 (0.15%) than the support at $99.49 (0.22%), 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 CurrencyShares Euro ETF ETF A Buy?
CurrencyShares Euro holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -4.736 Sell Candidate Unchanged
Predicted Opening Price for CurrencyShares Euro ETF of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$99.76 ( 0.0537%) | $99.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FXE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 99.99 | 0.276 % | |
R2 | 99.90 | 0.191 % | ||
R1 | 99.85 | 0.139 % | ||
Current price: | 99.71 | |||
Support | S1 | 99.68 | -0.0312 % | |
S2 | 99.63 | -0.0836 % | ||
S3 | 99.54 | -0.168 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 100.30 | 0.592 % | |
R2 | 100.01 | 0.296 % | ||
R1 | 99.86 | 0.150 % | ||
Current price | 99.71 | |||
Support | S1 | 99.49 | -0.221% | |
S2 | 99.44 | -0.271% | ||
S3 | 99.16 | -0.552% |
FXE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 19, 2024 | Mar 01, 2024 | Mar 08, 2024 | $0.185 | 0.183% |
2 | Jan 31, 2024 | Feb 01, 2024 | Feb 08, 2024 | $0.198 | 0.199% |
3 | Jan 02, 2024 | Jan 02, 2024 | Jan 02, 2024 | $0.202 | 0.200% |
4 | Dec 01, 2023 | Dec 01, 2023 | Dec 01, 2023 | $0.193 | 0.192% |
5 | Dec 30, 2022 | Nov 01, 2023 | Oct 10, 2023 | $0.194 | 0.198% |
FAQ
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