Lyxor S&p 500 Ucits Etf ETF Forecast
Lyxor S&p 500 Ucits Etf ETF price up 0.464% on Friday
(Updated on Jun 28, 2024)
The Lyxor S&p 500 Ucits Etf ETF price gained 0.464% on the last trading day (Friday, 28th Jun 2024), rising from 52.59€ to 52.83€. During the last trading day the ETF fluctuated 0.496% from a day low at 52.83€ to a day high of 53.09€. The price has risen in 6 of the last 10 days and is up by 1.34% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately 165.68€ thousand.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 8.02% during the next 3 months and, with a 90% probability hold a price between 54.96€ and 57.79€ at the end of this 3-month period.
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6TVM.F Signals & Forecast
Mostly positive signals in the chart today. The Lyxor S&p 500 Ucits Etf ETF 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 52.65€ and 51.04€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 10.09%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Lyxor S&p 500 Ucits Etf has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Lyxor S&p 500 Ucits Etf ETF
Lyxor S&p 500 Ucits Etf finds support from accumulated volume at 52.64€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved 0.262€ (0.496%) between high and low. For the last week, the ETF has had daily average volatility of 0.379%.
The Lyxor S&p 500 Ucits Etf ETF is extremely overbought on RSI14 (86). This increases the short-term risk substantially.
Our recommended stop-loss: 51.10€ (-3.28%) (This ETF has low daily movements and this gives low risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from a pivot bottom found 63 days ago.)
Trading Expectations (6TVM.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lyxor S&p 500 Ucits Etf to open at 52.91€, and during the day (based on 14 day Average True Range), to move between 52.50€ and 53.16€, which gives a possible trading interval of +/-0.326€ (+/-0.62%) up or down from last closing price. If Lyxor S&p 500 Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.24% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 52.64€, some 0.192€ (0.36%) from the current price of 52.83€, our system finds the risk reward attractive.
Is Lyxor S&p 500 Ucits Etf ETF 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 Lyxor S&p 500 Ucits Etf ETF to perform well in the short-term.
Current score: 4.373 Buy Candidate Unchanged
Predicted Opening Price for Lyxor S&p 500 Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 52.91€ ( 0.160%) | 52.83€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6TVM.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 53.18 | 0.656% |
| R2 | 53.08 | 0.467% |
| R1 | 53.01 | 0.350% |
| Price | 52.83 | |
| S1 | 52.81 | -0.0292% |
| S2 | 52.75 | -0.146% |
| S3 | 52.65 | -0.336% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 52.83 | |
| S1 | 52.64 | -0.363% |
| S2 | 49.62 | -6.08% |
| S3 | 49.37 | -6.55% |
FAQ
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