Lyxor Smart Overnight Return ETF Forecast
Lyxor Smart Overnight Return ETF price ended at 102.49€ on Friday, after gaining 0.0205%.
(Updated on Jun 28, 2024)
The Lyxor Smart Overnight Return ETF price gained 0.0205% on the last trading day (Friday, 28th Jun 2024), rising from 102.47€ to 102.49€. During the last trading day the ETF fluctuated 0.0517% from a day low at 102.45€ to a day high of 102.50€. The price has risen in 8 of the last 10 days and is up by 0.15% 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, 2 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately 463.35€ thousand.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 102.48€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Lyxor Smart Overnight Return ETF with a 90% probability to be traded between 103.52€ and 103.68€ 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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EGV2.F Signals & Forecast
The Lyxor Smart Overnight Return 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 102.43€ and 102.21€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 0.519%. 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 Smart Overnight Return 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.
Support, Risk & Stop-loss for Lyxor Smart Overnight Return ETF
Lyxor Smart Overnight Return finds support from accumulated volume at 102.39€ 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 0.0530€ between high and low, or 0.0517%. For the last week the ETF has had daily average volatility of 0.0361%.
The Lyxor Smart Overnight Return ETF is extremely overbought on RSI14 (97). This increases the short-term risk substantially.
Our recommended stop-loss: 96.30€ (-6.04%) (This ETF has low daily movements and this gives low risk. The RSI14 is 97 and this increases the risk substantially. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (EGV2.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lyxor Smart Overnight Return to open at 102.48€, and during the day (based on 14 day Average True Range), to move between 102.43€ and 102.55€, which gives a possible trading interval of +/-0.0611€ (+/-0.06%) up or down from last closing price. If Lyxor Smart Overnight Return takes out the full calculated possible swing range there will be an estimated 0.12% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 102.39€, some 0.0990€ (0.10%) from the current price of 102.49€, our system finds the risk reward attractive.
Is Lyxor Smart Overnight Return ETF A Buy?
Lyxor Smart Overnight Return 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Lyxor Smart Overnight Return of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 102.48€ ( 0.0107%) | 102.49€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EGV2.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 102.53 | 0.0410% |
| R2 | 102.51 | 0.0212% |
| R1 | 102.50 | 0.0090% |
| Price | 102.49 | |
| S1 | 102.46 | -0.0305% |
| S2 | 102.45 | -0.0427% |
| S3 | 102.43 | -0.0624% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 102.49 | |
| S1 | 102.39 | -0.0966% |
| S2 | 101.70 | -0.770% |
| S3 | 101.57 | -0.90% |
EGV2 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 12, 2023 | Dec 12, 2023 | Dec 15, 2023 | 2.51€ | 0% |
FAQ
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