Lyxor Msci World Energy Tr Ucits Etf - ETF Forecast
Lyxor Msci World Energy Tr Ucits Etf - ETF price up 0.80% on Friday
(Updated on Jun 28, 2024)
The Lyxor Msci World Energy Tr Ucits Etf - ETF price gained 0.80% on the last trading day (Friday, 28th Jun 2024), rising from 11.20€ to 11.29€. During the last trading day the ETF fluctuated 0.213% from a day low at 11.29€ to a day high of 11.32€. The price has risen in 8 of the last 10 days and is up by 4.71% 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, 809 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately 32.61€ thousand.
Given the current short-term trend, the ETF is expected to fall -5.79% during the next 3 months and, with a 90% probability hold a price between 10.06€ and 10.64€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ENERW.MI Signals & Forecast
The Lyxor Msci World Energy Tr Ucits Etf - 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 11.16€ and 11.09€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 4.71%. 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 Msci World Energy Tr Ucits Etf - 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Lyxor Msci World Energy Tr Ucits Etf - ETF
Lyxor Msci World Energy Tr Ucits Etf - finds support from accumulated volume at 11.14€ 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 0.0240€ between high and low, or 0.213%. For the last week the ETF has had daily average volatility of 0.348%.
Our recommended stop-loss: 10.88€ (-3.64%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 54 days ago.)
Trading Expectations (ENERW.MI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lyxor Msci World Energy Tr Ucits Etf - C-eur to open at 11.30€, and during the day (based on 14 day Average True Range), to move between 11.20€ and 11.39€, which gives a possible trading interval of +/-0.0933€ (+/-0.83%) up or down from last closing price. If Lyxor Msci World Energy Tr Ucits Etf - C-eur takes out the full calculated possible swing range there will be an estimated 1.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 11.34€ (0.41%) than the support at 11.14€ (1.33%), 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 Msci World Energy Tr Ucits Etf - C-eur ETF A Buy?
Lyxor Msci World Energy Tr Ucits Etf - 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 Msci World Energy Tr Ucits Etf - C-eur of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 11.30€ ( 0.0590%) | 11.29€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENERW.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.32 | 0.272% |
| R2 | 11.32 | 0.190% |
| R1 | 11.31 | 0.140% |
| Price | 11.29 | |
| S1 | 11.29 | -0.0221% |
| S2 | 11.29 | -0.0723% |
| S3 | 11.28 | -0.153% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.52 | 2.00% |
| R2 | 11.51 | 1.91% |
| R1 | 11.34 | 0.407% |
| Price | 11.29 | |
| S1 | 11.14 | -1.33% |
| S2 | 11.06 | -2.07% |
| S3 | 10.87 | -3.74% |
FAQ
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