Luxottica Group SpA Fund Forecast
Luxottica Group SpA fund price down 0% on Friday
(Updated on Jul 21, 2017)
No changes to the price of Luxottica Group SpA fund on the last trading day (Friday, 21st Jul 2017). During the last trading day the fund fluctuated 0.93% from a day low at $60.42 to a day high of $60.98. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the fund is expected to rise 4.86% during the next 3 months and, with a 90% probability hold a price between $63.26 and $66.09 at the end of this 3-month period.
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LUX Signals & Forecast
The Luxottica Group SpA fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $60.90 and $60.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 15, 2017, and so far it has risen 0.412%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Luxottica Group SpA fund
Luxottica Group SpA finds support from accumulated volume at $60.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved $0.560 between high and low, or 0.93%. For the last week the fund has had daily average volatility of 0.93%.
Our recommended stop-loss: $57.27 (-5.96%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (LUX) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Luxottica Group SpA to open at $60.77, and during the day (based on 14 day Average True Range), to move between $60.33 and $61.47, which gives a possible trading interval of +/-$0.573 (+/-0.94%) up or down from last closing price. If Luxottica Group SpA takes out the full calculated possible swing range there will be an estimated 1.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $60.95 (0.08%) than the support at $60.65 (0.41%), 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 Luxottica Group SpA fund A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Luxottica Group SpA fund to perform well in the short-term.
Current score: 1.860 Buy Candidate Unchanged
Predicted Opening Price for Luxottica Group SpA of Monday, July 24, 2017
| Fair opening price July 24, 2017 | Current price |
|---|---|
| $60.77 ( 0.219%) | $60.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LUX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 61.33 | 0.701 % | |
| R2 | 61.11 | 0.349 % | ||
| R1 | 60.98 | 0.132 % | ||
| Current price: | 60.90 | |||
| Support | S1 | 60.55 | -0.570 % | |
| S2 | 60.42 | -0.787 % | ||
| S3 | 60.21 | -1.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 61.46 | 0.92 % | ||
| R1 | 60.95 | 0.0821 % | ||
| Current price | 60.90 | |||
| Support | S1 | 60.65 | -0.411% | |
| S2 | 60.15 | -1.23% | ||
| S3 | 59.81 | -1.79% |
FAQ
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