When to buy into XEQT

XEQT is a suitable long-term investment, especially for those looking for global diversification and long-term capital growth. Here's why:

1. Technical Indicators Suggest Caution: The Relative Strength Index (RSI) for XEQT is above 70, indicating that the ETF may be overbought. This suggests that while the price may continue to rise, it could be prone to a correction soon.
2. Buy Signals and Market Performance: Despite the potential overbought condition, there are buy signals from both the 3-month Moving Average Convergence Divergence (MACD) and the long-term average. This indicates a general positive trend in the short term, which could be beneficial for investors looking to buy and hold.

3. Historical Performance and Future Outlook: XEQT has shown a gain of 4.75% since May 2, 2024, with an expected rise of 4.73% in the next 3 months. This historical performance and positive forecast suggest that buying into XEQT now could be beneficial for those with a long-term investment horizon.
4. Diversification and Market Exposure: XEQT provides instant global diversification with a broad range of stocks across regions. This diversification could help mitigate risks associated with regional market fluctuations.
5. Long-Term Growth Potential: XEQT is designed for investors seeking long-term capital growth through stocks. Given the current buy signals and positive historical performance, it could be a good time to invest for those with a long-term perspective.

In conclusion, while technical indicators suggest caution, the overall positive signals and long-term growth potential make XEQT a potentially attractive investment for those with a long-term investment strategy.