Lyxor Msci Taiwan Ucits Etf - Acc-eur ETF Forecast

Green day on Friday for Lyxor Msci Taiwan Ucits Etf - Acc-eur
(Updated on Jun 28, 2024)

CHIP.SW Signals & Forecast

A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -5.91%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Lyxor Msci Taiwan Ucits Etf - Acc-eur ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately 56.27 Fr. On a fall, the ETF will find some support from the long-term average at approximately 53.02 Fr. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for Lyxor Msci Taiwan Ucits Etf - Acc-eur ETF

On the downside, the ETF finds support just below today's level from accumulated volume at 51.10 Fr and 46.20 Fr. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Lyxor Msci Taiwan Ucits Etf - Acc-eur finds support just below today's level at 51.10 Fr. If this is broken, then the next support from accumulated volume will be at 46.20 Fr and 45.50 Fr.

This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved 0 Fr between high and low, or 0%. For the last week the ETF has had daily average volatility of 1.80%.

Our recommended stop-loss: 53.01 Fr (-5.34%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 46 days ago.)

Trading Expectations (CHIP.SW) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Lyxor Msci Taiwan Ucits Etf - Acc-eur to open at 56.00 Fr, and during the day (based on 14 day Average True Range), to move between 54.88 Fr and 57.12 Fr, which gives a possible trading interval of +/-1.12 Fr (+/-2.00%) up or down from last closing price. If Lyxor Msci Taiwan Ucits Etf - Acc-eur takes out the full calculated possible swing range there will be an estimated 4.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 56.81 Fr (1.45%) than the support at 51.10 Fr (8.75%), 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 Lyxor Msci Taiwan Ucits Etf - Acc-eur 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: 1.807 Buy Candidate Unchanged

Predicted Opening Price for Lyxor Msci Taiwan Ucits Etf - Acc-eur of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.