L&g All Commodities Ucits Etf ETF Forecast
Red day on Friday for L&g All Commodities Ucits Etf ETF after losing 0.276%
(Updated on Jun 28, 2024)
The L&g All Commodities Ucits Etf ETF price fell by -0.276% on the last day (Friday, 28th Jun 2024) from 13.05€ to 13.01€. During the last trading day the ETF fluctuated 0.83% from a day low at 13.00€ to a day high of 13.11€. The price has fallen in 6 of the last 10 days and is down by -1.06% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -2 thousand shares and in total, 267 shares were bought and sold for approximately 3.47€ thousand.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect L&g All Commodities Ucits Etf ETF with a 90% probability to be traded between 13.00€ and 13.71€ 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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ETLF.F Signals & Forecast
There are mixed signals in the ETF today. The L&g All Commodities Ucits Etf 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 13.07€ and 13.13€. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 1.48%. 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).
Support, Risk & Stop-loss for L&g All Commodities Ucits Etf ETF
L&g All Commodities Ucits Etf finds support from accumulated volume at 13.00€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved 0.108€ between high and low, or 0.83%. For the last week the ETF has had daily average volatility of 0.600%
Our recommended stop-loss: 12.24€ (-5.90%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (ETLF.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect L&g All Commodities Ucits Etf to open at 13.04€, and during the day (based on 14 day Average True Range), to move between 12.91€ and 13.11€, which gives a possible trading interval of +/-0.103€ (+/-0.79%) up or down from last closing price. If L&g All Commodities Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 13.00€ (0.08%) than the resistance at 13.04€ (0.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is L&g All Commodities Ucits Etf ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for L&g All Commodities Ucits Etf ETF to perform well in the short-term period.
Current score: 1.889 Buy Candidate Unchanged
Predicted Opening Price for L&g All Commodities Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 13.04€ ( 0.246%) | 13.01€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ETLF.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.15 | 1.08% |
| R2 | 13.11 | 0.759% |
| R1 | 13.08 | 0.563% |
| Price | 13.01 | |
| S1 | 13.00 | -0.0711% |
| S2 | 12.98 | -0.267% |
| S3 | 12.93 | -0.584% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.12 | 0.85% |
| R2 | 13.05 | 0.307% |
| R1 | 13.04 | 0.231% |
| Price | 13.01 | |
| S1 | 13.00 | -0.0769% |
| S2 | 12.83 | -1.38% |
| S3 | 12.79 | -1.69% |
FAQ
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