Lyxor Dow Jones Industrial Average Ucits ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Lyxor Dow Jones Industrial Average Ucits ETF price after Friday trading.
(Updated on Jun 28, 2024)
The Lyxor Dow Jones Industrial Average Ucits ETF price gained 0.387% on the last trading day (Friday, 28th Jun 2024), rising from 369.49€ to 370.92€. During the last trading day the ETF fluctuated 0.322% from a day low at 369.73€ to a day high of 370.92€. The price has risen in 7 of the last 10 days and is up by 2.03% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 38 more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately 527.08€ thousand.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 3.07% during the next 3 months and, with a 90% probability hold a price between 374.91€ and 385.46€ at the end of this 3-month period.
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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 369.78€ and 363.57€. 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). 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. 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 -0.360%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Lyxor Dow Jones Industrial Average Ucits ETF
Lyxor Dow Jones Industrial Average Ucits finds support from accumulated volume at 369.49€ 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 1.19€ between high and low, or 0.322%. For the last week the ETF has had daily average volatility of 0.559%.
Our recommended stop-loss: 357.32€ (-3.67%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (DJE.MI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lyxor Dow Jones Industrial Average Ucits Etf to open at 370.52€, and during the day (based on 14 day Average True Range), to move between 368.47€ and 373.37€, which gives a possible trading interval of +/-2.45€ (+/-0.66%) 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 1.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 372.26€ (0.36%) than the support at 369.49€ (0.39%), 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, along with a general good trend, 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.851 Buy Candidate Upgraded
Predicted Opening Price for Lyxor Dow Jones Industrial Average Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 370.52€ ( 0.107%) | 370.92€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DJE.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 371.71 | 0.214% |
| R2 | 371.26 | 0.0913% |
| R1 | 370.98 | 0.0156% |
| Price | 370.92 | |
| S1 | 370.07 | -0.229% |
| S2 | 369.79 | -0.305% |
| S3 | 369.33 | -0.428% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 372.26 | 0.361% |
| Price | 370.92 | |
| S1 | 369.49 | -0.386% |
| S2 | 361.19 | -2.62% |
| S3 | 360.86 | -2.71% |
DJE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 12, 2023 | Dec 12, 2023 | Dec 15, 2023 | 3.64€ | 1.06% |
| 2 | Dec 07, 2022 | Dec 07, 2022 | Dec 09, 2022 | 3.14€ | 0.98% |
| 3 | Jul 06, 2022 | Jul 06, 2022 | Jul 08, 2022 | 2.41€ | 0.780% |
| 4 | Dec 08, 2021 | Dec 08, 2021 | Dec 10, 2021 | 1.96€ | 0.620% |
| 5 | Jul 07, 2021 | Jul 07, 2021 | Jul 09, 2021 | 1.63€ | 0.555% |
FAQ
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