L&ge Fund Msci China A Ucits Etf ETF Forecast
Stronger technical forecast for L&ge Fund Msci China A Ucits Etf ETF price after Friday trading.
(Updated on Jun 28, 2024)
The L&ge Fund Msci China A Ucits Etf ETF price fell by -0.425% on the last day (Friday, 28th Jun 2024) from £1,059.50 to £1,055.00. During the last trading day the ETF fluctuated 0% from a day low at £1,055.00 to a day high of £1,055.00. The price has risen in 5 of the last 10 days but is still down by -1.72% for this period. Volume has increased on the last day by 10 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 10 shares were bought and sold for approximately £10.55 thousand.
The ETF lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £1,050.36 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -2.30% during the next 3 months and, with a 90% probability hold a price between £1,026.25 and £1,114.67 at the end of this 3-month period.
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CASE.L 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 L&ge Fund Msci China A 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 £1,068.18 and £1,104.96. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -8.66%. Further fall is indicated until a new bottom pivot has been found. L&ge Fund Msci China A Ucits Etf gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for L&ge Fund Msci China A Ucits Etf ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.100%.
Our recommended stop-loss: £998.24 (-5.38%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (CASE.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect L&ge Fund Msci China A Ucits Etf to open at £1,055.00, and during the day (based on 14 day Average True Range), to move between £1,046.20 and £1,063.80, which gives a possible trading interval of +/-£8.80 (+/-0.83%) up or down from last closing price. If L&ge Fund Msci China A Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.67% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £1,109.00, some £54.00 (5.12%) from the current price of £1,055.00, our system finds the risk reward not very attractive.
Is L&ge Fund Msci China A Ucits Etf ETF A Buy?
L&ge Fund Msci China A Ucits Etf 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for L&ge Fund Msci China A Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £1,055.00 ( 0%) | £1,055.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CASE.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,055.00 | - |
| R2 | 1,055.00 | - |
| R1 | 1,055.00 | - |
| Price | 1,055.00 | |
| S1 | 1,055.00 | - |
| S2 | 1,055.00 | - |
| S3 | 1,055.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,148.75 | 8.89% |
| R2 | 1,142.25 | 8.27% |
| R1 | 1,109.00 | 5.12% |
| Price | 1,055.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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