Lyxor Dow Jones Industrial Average Ucits ETF Forecast
Stronger technical forecast for Lyxor Dow Jones Industrial Average Ucits ETF price after Friday trading.
(Updated on Jun 21, 2024)
The Lyxor Dow Jones Industrial Average Ucits ETF price gained 0.90% on the last trading day (Friday, 21st Jun 2024), rising from 366.60€ to 369.90€. During the last trading day the ETF fluctuated 0.420% from a day low at 368.85€ to a day high of 370.40€. The price has been going up and down for this period, and there has been a 1.63% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 481 more shares were traded than the day before. In total, 940 shares were bought and sold for approximately 347.71€ thousand.
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 372.12€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Lyxor Dow Jones Industrial Average Ucits ETF with a 90% probability to be traded between 355.35€ and 372.70€ 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DJAM.F Signals & Forecast
Mostly positive signals in the chart today. The Lyxor Dow Jones Industrial Average Ucits 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 364.80€ and 364.26€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 4.30%. 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 Dow Jones Industrial Average Ucits 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. The ETF had a Golden Star Signal on Monday, June 17, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, November 02, 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 Monday, June 17, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, November 02, 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 Monday, June 17, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, November 02, 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 buy signal from a double bottom formation was found on Thursday, May 30, 2024 and based on theory for this formation the price should go up by 2.34% to 378.55€ within 24 trading days since signal was issued (Wednesday, July 03, 2024).
Support, Risk & Stop-loss for Lyxor Dow Jones Industrial Average Ucits ETF
Lyxor Dow Jones Industrial Average Ucits finds support from accumulated volume at 365.30€ 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 1.55€ between high and low, or 0.420%. For the last week the ETF has had daily average volatility of 0.359%.
The Lyxor Dow Jones Industrial Average Ucits ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.
Our recommended stop-loss: 351.57€ (-4.96%) (This ETF has low daily movements and this gives low risk. The RSI14 is 85 and this increases the risk substantially. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (DJAM.F) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Lyxor Dow Jones Industrial Average Ucits Etf to open at 369.72€, and during the day (based on 14 day Average True Range), to move between 367.56€ and 372.24€, which gives a possible trading interval of +/-2.34€ (+/-0.63%) up or down from last closing price. If Lyxor Dow Jones Industrial Average Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 370.35€ (0.12%) than the support at 365.30€ (1.24%), 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 Dow Jones Industrial Average Ucits Etf 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 Lyxor Dow Jones Industrial Average Ucits 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: 4.155 Buy Candidate Upgraded
Predicted Opening Price for Lyxor Dow Jones Industrial Average Ucits Etf of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 369.72€ ( 0.0496%) | 369.90€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DJAM.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 371.27 | 0.369% |
| R2 | 370.67 | 0.209% |
| R1 | 370.31 | 0.111% |
| Price | 369.90 | |
| S1 | 369.12 | -0.210% |
| S2 | 368.76 | -0.309% |
| S3 | 368.17 | -0.469% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 371.90 | 0.541% |
| R2 | 370.65 | 0.203% |
| R1 | 370.35 | 0.122% |
| Price | 369.90 | |
| S1 | 365.30 | -1.24% |
| S2 | 360.70 | -2.49% |
| S3 | 356.40 | -3.65% |
FAQ
Click here for our free guide on how to buy Lyxor Dow Jones Industrial Average Ucits Etf ETF.
