DBEU Xtrackers MSCI Europe Hedged Equity ETF Forecast, Technical & Fundamental Analysis
DBEU in upward trend: 10-day moving average moved above 50-day moving average on November 15, 2023
The 10-day moving average for DBEU crossed bullishly above the 50-day moving average on November 15, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on DBEU as a result. In of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for DBEU just turned positive on November 02, 2023. Looking at past instances where DBEU's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .
DBEU moved above its 50-day moving average on November 09, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DBEU advanced for three days, in of 357 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 349 cases where DBEU Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 19 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 50-day moving average for DBEU moved below the 200-day moving average on October 24, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DBEU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
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Industry description
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High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category EuropeStock
DBEU and
Correlation & Price change
A.I.dvisor indicates that over the last year, DBEU has been closely correlated with IEV. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if DBEU jumps, then IEV could also see price increases.
| Ticker / NAME | Correlation To DBEU | 1D Price Change % | ||
|---|---|---|---|---|
| DBEU | 100% | +0.72% | ||
| IEV - DBEU | 91% Closely correlated | -0.07% | ||
| BBEU - DBEU | 84% Closely correlated | -0.15% | ||
| IEUR - DBEU | 84% Closely correlated | -0.23% | ||
| VGK - DBEU | 84% Closely correlated | -0.26% | ||
| EZU - DBEU | 82% Closely correlated | -0.35% | ||
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