L&g All Commodities Ucits Etf ETF Forecast
L&g All Commodities Ucits Etf ETF price ended at £1,104.16 on Monday, after losing 0.773%.
(Updated on Jun 17, 2024)
The L&g All Commodities Ucits Etf ETF price fell by -0.773% on the last day (Monday, 17th Jun 2024) from £1,112.76 to £1,104.16. During the last trading day the ETF fluctuated 0.699% from a day low at £1,096.50 to a day high of £1,104.16. The price has fallen in 5 of the last 10 days and is down by -0.35% for this period. 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 -8 thousand shares and in total, 2 thousand shares were bought and sold for approximately £2.48 million.
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 £1,096.34 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 3.89% during the next 3 months and, with a 90% probability hold a price between £1,138.96 and £1,211.44 at the end of this 3-month period.
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BCOG.L Signals & Forecast
The L&g All Commodities 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 £1,105.51 and £1,118.18. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 1.18%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for L&g All Commodities Ucits Etf ETF
L&g All Commodities Ucits Etf finds support from accumulated volume at £1,099.50 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 £7.66 between high and low, or 0.699%. For the last week the ETF has had daily average volatility of 0.642%.
Our recommended stop-loss: £1,036.27 (-6.15%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (BCOG.L) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect L&g All Commodities Ucits Etf to open at £1,101.61, and during the day (based on 14 day Average True Range), to move between £1,092.10 and £1,116.22, which gives a possible trading interval of +/-£12.06 (+/-1.09%) up or down from last closing price. If L&g All Commodities Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1,105.00 (0.08%) than the support at £1,099.50 (0.42%), 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 All Commodities Ucits Etf ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.598 Buy Candidate Unchanged
Predicted Opening Price for L&g All Commodities Ucits Etf of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| £1,101.61 ( 0.231%) | £1,104.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCOG.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,109.27 | 0.462% |
| R2 | 1,106.34 | 0.197% |
| R1 | 1,104.53 | 0.0338% |
| Price | 1,104.16 | |
| S1 | 1,098.68 | -0.496% |
| S2 | 1,096.87 | -0.660% |
| S3 | 1,093.95 | -0.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,122.75 | 1.68% |
| R2 | 1,112.50 | 0.755% |
| R1 | 1,105.00 | 0.0761% |
| Price | 1,104.16 | |
| S1 | 1,099.50 | -0.422% |
| S2 | 1,094.25 | -0.90% |
| S3 | 1,091.25 | -1.17% |
FAQ
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