MULTI UNITS LUX-L.M/EUR ETF Forecast
MULTI UNITS LUX-L.M/EUR ETF upgraded to Buy Candidate.
(Updated on May 03, 2024)
The MULTI UNITS LUX-L.M/EUR ETF price gained 0.0290% on the last trading day (Friday, 3rd May 2024), rising from 10.33€ to 10.34€. During the last trading day the ETF fluctuated 0.0969% from a day low at 10.33€ to a day high of 10.34€. The price has risen in 7 of the last 10 days and is up by 2.53% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 233 shares were bought and sold for approximately 2.41€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 10.38€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect MULTI UNITS LUX-L.M/EUR ETF with a 90% probability to be traded between 10.02€ and 10.38€ 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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COSW.PA Signals & Forecast
The MULTI UNITS LUX-L.M/EUR 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 10.33€ and 10.19€. 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 Tuesday, April 30, 2024, and so far it has fallen -0.386%. Further fall is indicated until a new bottom pivot has been found. 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. The ETF had a Golden Star Signal on Wednesday, March 20, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, December 27, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Wednesday, March 20, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, December 27, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Wednesday, March 20, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, December 27, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A sell signal from a double top formation was found on Tuesday, April 30, 2024 and based on theory for this formation the price should fall by -3.20% to 10.00€ within 21 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for MULTI UNITS LUX-L.M/EUR ETF
MULTI UNITS LUX-L.M/EUR finds support from accumulated volume at 10.31€ 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 therefore the general risk is considered very 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 0.0100€ between high and low, or 0.0969%. For the last week the ETF has had daily average volatility of 0.256%
Our recommended stop-loss: 10.00€ (-3.20%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (COSW.PA) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect MULTI UNITS LUX-L.M/EUR to open at 10.33€, and during the day (based on 14 day Average True Range), to move between 10.28€ and 10.39€, which gives a possible trading interval of +/-0.0547€ (+/-0.53%) up or down from last closing price. If MULTI UNITS LUX-L.M/EUR takes out the full calculated possible swing range there will be an estimated 1.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 10.34€ (0.04%) than the support at 10.31€ (0.28%), 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 MULTI UNITS LUX-L.M/EUR ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for MULTI UNITS LUX-L.M/EUR ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.291 Buy Candidate Upgraded
Predicted Opening Price for MULTI UNITS LUX-L.M/EUR of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 10.33€ ( 0.0323%) | 10.34€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COSW.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.34 | 0.0645 % | |
| R2 | 10.34 | 0.0275 % | ||
| R1 | 10.34 | 0.0047 % | ||
| Current price: | 10.34 | |||
| Support | S1 | 10.33 | -0.0692 % | |
| S2 | 10.33 | -0.0920 % | ||
| S3 | 10.32 | -0.129 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.36 | 0.213 % | |
| R2 | 10.35 | 0.174 % | ||
| R1 | 10.34 | 0.0387 % | ||
| Current price | 10.34 | |||
| Support | S1 | 10.31 | -0.281% | |
| S2 | 10.17 | -1.59% | ||
| S3 | 10.13 | -1.99% |
FAQ
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