Lyxor Dow Jones Industrial Average Ucits ETF Forecast
Lyxor Dow Jones Industrial Average Ucits ETF price ended at 369.95€ on Thursday, after gaining 0.0812%.
(Updated on Jun 27, 2024)
The Lyxor Dow Jones Industrial Average Ucits ETF price gained 0.0812% on the last trading day (Thursday, 27th Jun 2024), rising from 369.65€ to 369.95€. During the last trading day the ETF fluctuated 0.312% from a day low at 368.80€ to a day high of 369.95€. The price has risen in 8 of the last 10 days and is up by 2.47% over the past 2 weeks. Volume fell on the last day by -94 shares and in total, 222 shares were bought and sold for approximately 82.13€ 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 ETF is moving within a horizontal trend and further movements within this trend can 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 360.53€ and 378.59€ 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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DJAM.F Signals & Forecast
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 368.84€ and 364.91€. 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 Monday, June 24, 2024, and so far it has fallen -0.578%. 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 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 sell signal from a double top formation was found on Monday, June 24, 2024 and based on theory for this formation the price should fall by -5.51% to 349.56€ within 25 trading days since signal was issued (Monday, July 29, 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 360.75€ 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 1.15€ between high and low, or 0.312%. For the last week the ETF has had daily average volatility of 0.520%
Our recommended stop-loss: 358.26€ (-3.16%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (DJAM.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Lyxor Dow Jones Industrial Average Ucits Etf to open at 369.57€, and during the day (based on 14 day Average True Range), to move between 367.69€ and 372.21€, which gives a possible trading interval of +/-2.26€ (+/-0.61%) 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 1.22% 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€ (0.11%) than the support at 360.75€ (2.49%), 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.
Current score: 2.727 Buy Candidate Unchanged
Predicted Opening Price for Lyxor Dow Jones Industrial Average Ucits Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 369.57€ ( 0.104%) | 369.95€ |
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 | 370.72 | 0.207% |
| R2 | 370.28 | 0.0885% |
| R1 | 370.01 | 0.0151% |
| Price | 369.95 | |
| S1 | 369.13 | -0.222% |
| S2 | 368.86 | -0.296% |
| S3 | 368.42 | -0.414% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 372.10 | 0.581% |
| R2 | 370.65 | 0.189% |
| R1 | 370.35 | 0.108% |
| Price | 369.95 | |
| S1 | 360.75 | -2.49% |
| S2 | 360.70 | -2.50% |
| S3 | 356.40 | -3.66% |
FAQ
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