L&g Gold Mining Ucits Etf ETF Forecast
L&g Gold Mining Ucits Etf ETF price down 0.272% on Friday
(Updated on Jun 28, 2024)
The L&g Gold Mining Ucits Etf ETF price fell by -0.272% on the last day (Friday, 28th Jun 2024) from 34.98€ to 34.88€. During the last trading day the ETF fluctuated 1.06% from a day low at 34.88€ to a day high of 35.25€. The price has risen in 5 of the last 10 days and is up by 5.35% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -1 thousand shares and in total, 557 shares were bought and sold for approximately 19.43€ thousand.
The ETF lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 34.93€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -3.16% during the next 3 months and, with a 90% probability hold a price between 31.64€ and 33.83€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AUCO.MI Signals & Forecast
The L&g Gold Mining 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 34.54€ and 34.36€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -0.272%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for L&g Gold Mining Ucits Etf ETF
L&g Gold Mining Ucits Etf finds support from accumulated volume at 34.75€ 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 controlled movements and therefore the general risk is considered 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 0.370€ between high and low, or 1.06%. For the last week the ETF has had daily average volatility of 1.37%.
Our recommended stop-loss: 33.54€ (-3.85%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (AUCO.MI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect L&g Gold Mining Ucits Etf to open at 35.00€, and during the day (based on 14 day Average True Range), to move between 34.24€ and 35.52€, which gives a possible trading interval of +/-0.638€ (+/-1.83%) up or down from last closing price. If L&g Gold Mining Ucits Etf takes out the full calculated possible swing range there will be an estimated 3.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 34.92€ (0.11%) than the support at 34.75€ (0.37%), 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 L&g Gold Mining Ucits Etf ETF A Buy?
L&g Gold Mining Ucits Etf holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.886 Hold/Accumulate Unchanged
Predicted Opening Price for L&g Gold Mining Ucits Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
35.00€ ( 0.354%) | 34.88€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AUCO.MI
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 35.37 | 1.41% |
R2 | 35.23 | 1.01% |
R1 | 35.14 | 0.759% |
Price | 34.88 | |
S1 | 34.86 | -0.0516% |
S2 | 34.77 | -0.302% |
S3 | 34.63 | -0.707% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 35.51 | 1.81% |
R2 | 35.32 | 1.26% |
R1 | 34.92 | 0.115% |
Price | 34.88 | |
S1 | 34.75 | -0.373% |
S2 | 33.63 | -3.58% |
S3 | 33.15 | -4.97% |
FAQ
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