Lyxor Pea Eau (msci Water) Ucits Etf ETF Forecast
Lyxor Pea Eau (msci Water) Ucits Etf ETF price up 0.115% on Thursday
(Updated on Jun 27, 2024)
The Lyxor Pea Eau (msci Water) Ucits Etf ETF price gained 0.115% on the last trading day (Thursday, 27th Jun 2024), rising from 29.56€ to 29.59€. During the last trading day the ETF fluctuated 0.94% from a day low at 29.59€ to a day high of 29.87€. The price has risen in 6 of the last 10 days but is still down by -1.19% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 299 more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately 188.01€ thousand.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Lyxor Pea Eau (msci Water) Ucits Etf ETF with a 90% probability to be traded between 29.10€ and 30.87€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AWAT.PA Signals & Forecast
There are mixed signals in the ETF today. The Lyxor Pea Eau (msci Water) Ucits Etf 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 29.86€ and 30.08€. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 0.332%. 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 Pea Eau (msci Water) 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 Pea Eau (msci Water) Ucits Etf ETF
Lyxor Pea Eau (msci Water) Ucits Etf finds support from accumulated volume at 29.58€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.277€ between high and low, or 0.94%. For the last week the ETF has had daily average volatility of 1.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AWAT.PA) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Lyxor Pea Eau (msci Water) Ucits Etf to open at 29.69€, and during the day (based on 14 day Average True Range), to move between 29.25€ and 29.94€, which gives a possible trading interval of +/-0.344€ (+/-1.16%) up or down from last closing price. If Lyxor Pea Eau (msci Water) Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 29.58€ (0.05%) than the resistance at 29.93€ (1.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lyxor Pea Eau (msci Water) Ucits Etf ETF A Buy?
Lyxor Pea Eau (msci Water) Ucits Etf holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -1.882 Sell Candidate Unchanged
Predicted Opening Price for Lyxor Pea Eau (msci Water) Ucits Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 29.69€ ( 0.312%) | 29.59€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AWAT.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.96 | 1.25% |
| R2 | 29.86 | 0.89% |
| R1 | 29.79 | 0.670% |
| Price | 29.59 | |
| S1 | 29.58 | -0.0456% |
| S2 | 29.52 | -0.266% |
| S3 | 29.41 | -0.624% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.26 | 2.25% |
| R2 | 29.95 | 1.20% |
| R1 | 29.93 | 1.14% |
| Price | 29.59 | |
| S1 | 29.58 | -0.0473% |
| S2 | 29.52 | -0.250% |
| S3 | 29.24 | -1.20% |
FAQ
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