Lyxor Dow Jones Industrial Average Ucits ETF Forecast

Weaker technical forecast for Lyxor Dow Jones Industrial Average Ucits as ETF downgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)

DJE.MI 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 367.26€ and 362.76€. 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 -0.755%. Further fall is indicated until a new bottom pivot has been found. Lyxor Dow Jones Industrial Average Ucits 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".

Support, Risk & Stop-loss for Lyxor Dow Jones Industrial Average Ucits ETF

Lyxor Dow Jones Industrial Average Ucits finds support from accumulated volume at 361.19€ 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 2.46€ between high and low, or 0.666%. For the last week the ETF has had daily average volatility of 0.566%.

Our recommended stop-loss: 359.88€ (-2.59%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (DJE.MI) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Lyxor Dow Jones Industrial Average Ucits Etf to open at 370.25€, and during the day (based on 14 day Average True Range), to move between 366.78€ and 372.12€, which gives a possible trading interval of +/-2.67€ (+/-0.72%) 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 1.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 370.53€ (0.29%) than the support at 361.19€ (2.24%), 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?

Lyxor Dow Jones Industrial Average Ucits holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.145 Hold/Accumulate Downgraded

Predicted Opening Price for Lyxor Dow Jones Industrial Average Ucits Etf of Wednesday, June 26, 2024

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