Lyxor Core Euro Government ETF Forecast
Lyxor Core Euro Government ETF downgraded to Sell Candidate
(Updated on Jun 27, 2024)
The Lyxor Core Euro Government ETF price fell by -0.0394% on the last day (Thursday, 27th Jun 2024) from 139.44€ to 139.39€. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.704% from a day low at 139.13€ to a day high of 140.11€. The price has fallen in 7 of the last 10 days and is down by -0.39% for this period. Volume has increased on the last day by 748 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately 202.25€ thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Lyxor Core Euro Government ETF with a 90% probability to be traded between 137.59€ and 139.79€ 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.
E15H.F Signals & Forecast
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. The Lyxor Core Euro Government ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 139.89€ and 140.29€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.97%. Further fall is indicated until a new bottom pivot has been found. Lyxor Core Euro Government 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".
A buy signal from a double bottom formation was found on Tuesday, June 11, 2024 and based on theory for this formation the price should go up by 3.28% to 143.96€ within 32 trading days since signal was issued (Thursday, July 25, 2024).
Support, Risk & Stop-loss for Lyxor Core Euro Government ETF
Lyxor Core Euro Government finds support from accumulated volume at 139.18€ 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 0.98€ between high and low, or 0.704%. For the last week the ETF has had daily average volatility of 0.530%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (E15H.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Lyxor Core Euro Government Inflation-linked Bond (dr) Ucits Etf to open at 139.54€, and during the day (based on 14 day Average True Range), to move between 138.57€ and 140.20€, which gives a possible trading interval of +/-0.82€ (+/-0.59%) up or down from last closing price. If Lyxor Core Euro Government Inflation-linked Bond (dr) Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 139.18€ (0.15%) than the resistance at 140.71€ (0.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lyxor Core Euro Government Inflation-linked Bond (dr) Ucits Etf ETF A Buy?
Lyxor Core Euro Government holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.393 Sell Candidate Downgraded
Predicted Opening Price for Lyxor Core Euro Government Inflation-linked Bond (dr) Ucits Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 139.54€ ( 0.112%) | 139.39€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for E15H.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 140.52 | 0.82% |
| R2 | 140.15 | 0.547% |
| R1 | 139.92 | 0.381% |
| Price | 139.39 | |
| S1 | 139.17 | -0.156% |
| S2 | 138.94 | -0.322% |
| S3 | 138.56 | -0.591% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 141.02 | 1.17% |
| R2 | 140.82 | 1.03% |
| R1 | 140.71 | 0.95% |
| Price | 139.39 | |
| S1 | 139.18 | -0.147% |
| S2 | 139.05 | -0.244% |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Lyxor Core Euro Government Inflation-linked Bond (dr) Ucits Etf ETF.
