Multi-units Luxembourg - Lyxor Ftse 100 ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Multi-units Luxembourg - Lyxor Ftse 100 ETF after gaining 0.214%
(Updated on Jun 28, 2024)
The Multi-units Luxembourg - Lyxor Ftse 100 ETF price gained 0.214% on the last trading day (Friday, 28th Jun 2024), rising from 149.48€ to 149.80€. During the last trading day the ETF fluctuated 0.387% from a day low at 149.80€ to a day high of 150.38€. The price has risen in 5 of the last 10 days and is up by 0.6% over the past 2 weeks. Volume fell on the last day by -132 shares and in total, 95 shares were bought and sold for approximately 14.23€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 148.50€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 4.80% during the next 3 months and, with a 90% probability hold a price between 155.62€ and 164.85€ at the end of this 3-month period.
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100H.PA Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Multi-units Luxembourg - Lyxor Ftse 100 ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 150.45€ and 151.13€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -2.69%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Multi-units Luxembourg - Lyxor Ftse 100 ETF
Multi-units Luxembourg - Lyxor Ftse 100 finds support from accumulated volume at 148.62€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved 0.580€ between high and low, or 0.387%. For the last week the ETF has had daily average volatility of 0.726%
Our recommended stop-loss: 143.58€ (-4.15%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (100H.PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Multi-units Luxembourg - Lyxor Ftse 100 Ucits Etf - Monthly Hedged To Eur - Acc to open at 149.99€, and during the day (based on 14 day Average True Range), to move between 148.74€ and 150.86€, which gives a possible trading interval of +/-1.06€ (+/-0.71%) up or down from last closing price. If Multi-units Luxembourg - Lyxor Ftse 100 Ucits Etf - Monthly Hedged To Eur - Acc takes out the full calculated possible swing range there will be an estimated 1.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 148.62€ (0.79%) than the resistance at 151.22€ (0.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Multi-units Luxembourg - Lyxor Ftse 100 Ucits Etf - Monthly Hedged To Eur - Acc ETF A Buy?
Multi-units Luxembourg - Lyxor Ftse 100 holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.918 Hold/Accumulate Unchanged
Predicted Opening Price for Multi-units Luxembourg - Lyxor Ftse 100 Ucits Etf - Monthly Hedged To Eur - Acc of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 149.99€ ( 0.129%) | 149.80€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 100H.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 150.57 | 0.516% |
| R2 | 150.35 | 0.368% |
| R1 | 150.21 | 0.277% |
| Price | 149.80 | |
| S1 | 149.77 | -0.0188% |
| S2 | 149.63 | -0.110% |
| S3 | 149.41 | -0.258% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 153.94 | 2.76% |
| R2 | 153.64 | 2.56% |
| R1 | 151.22 | 0.95% |
| Price | 149.80 | |
| S1 | 148.62 | -0.788% |
| S2 | 146.04 | -2.51% |
| S3 | 143.98 | -3.89% |
FAQ
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