L&g Ecommerce Logistics Ucits Etf ETF Forecast
L&g Ecommerce Logistics Ucits Etf ETF upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The L&g Ecommerce Logistics Ucits Etf ETF price gained 0.622% on the last trading day (Friday, 28th Jun 2024), rising from 14.78€ to 14.87€. During the last trading day the ETF fluctuated 0.579% from a day low at 14.86€ to a day high of 14.94€. The price has risen in 5 of the last 10 days and is up by 0.88% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 4 thousand shares were bought and sold for approximately 65.21€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 L&g Ecommerce Logistics Ucits Etf ETF with a 90% probability to be traded between 14.53€ and 15.21€ 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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ETLH.F Signals & Forecast
The L&g Ecommerce Logistics Ucits Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 14.79€ and 14.84€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 1.42%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for L&g Ecommerce Logistics Ucits Etf ETF
L&g Ecommerce Logistics Ucits Etf finds support from accumulated volume at 14.76€ 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 0.0860€ between high and low, or 0.579%. For the last week the ETF has had daily average volatility of 0.659%
Our recommended stop-loss: 14.08€ (-5.34%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (ETLH.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect L&g Ecommerce Logistics Ucits Etf to open at 14.89€, and during the day (based on 14 day Average True Range), to move between 14.76€ and 14.99€, which gives a possible trading interval of +/-0.116€ (+/-0.78%) up or down from last closing price. If L&g Ecommerce Logistics Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 14.89€ (0.11%) than the support at 14.76€ (0.78%), 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 L&g Ecommerce Logistics 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 Ecommerce Logistics Ucits Etf ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 1.082 Buy Candidate Upgraded
Predicted Opening Price for L&g Ecommerce Logistics Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 14.89€ ( 0.112%) | 14.87€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ETLH.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.98 | 0.690% |
| R2 | 14.94 | 0.469% |
| R1 | 14.92 | 0.333% |
| Price | 14.87 | |
| S1 | 14.86 | -0.109% |
| S2 | 14.84 | -0.245% |
| S3 | 14.80 | -0.466% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.01 | 0.91% |
| R2 | 14.92 | 0.282% |
| R1 | 14.89 | 0.108% |
| Price | 14.87 | |
| S1 | 14.76 | -0.780% |
| S2 | 14.68 | -1.30% |
| S3 | 14.64 | -1.57% |
FAQ
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