L&g Gold Mining Ucits Etf ETF Forecast
Stronger technical forecast for L&g Gold Mining Ucits Etf ETF price after Thursday trading.
(Updated on Jun 27, 2024)
The L&g Gold Mining Ucits Etf ETF price gained 0.403% on the last trading day (Thursday, 27th Jun 2024), rising from 34.77€ to 34.91€. During the last trading day the ETF fluctuated 2.10% from a day low at 34.25€ to a day high of 34.97€. The price has risen in 8 of the last 10 days and is up by 5.55% 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, 5 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately 184.05€ thousand.
The ETF lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 3.92% during the next 3 months and, with a 90% probability hold a price between 34.27€ and 38.84€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ETLX.F Signals & Forecast
Mostly positive signals in the chart today. The L&g Gold Mining 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 34.39€ and 34.69€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 6.42%. 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). L&g Gold Mining 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for L&g Gold Mining Ucits Etf ETF
L&g Gold Mining Ucits Etf finds support from accumulated volume at 33.96€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved 0.720€ (2.10%) between high and low. For the last week, the ETF has had daily average volatility of 1.85%.
Our recommended stop-loss: 33.27€ (-4.67%) (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 (ETLX.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect L&g Gold Mining Ucits Etf to open at 34.71€, and during the day (based on 14 day Average True Range), to move between 34.21€ and 35.60€, which gives a possible trading interval of +/-0.698€ (+/-2.00%) up or down from last closing price. If L&g Gold Mining Ucits Etf takes out the full calculated possible swing range there will be an estimated 4.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 34.96€ (0.16%) than the support at 33.96€ (2.71%), 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 Gold Mining Ucits Etf ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for L&g Gold Mining Ucits Etf ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.400 Buy Candidate Upgraded
Predicted Opening Price for L&g Gold Mining Ucits Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 34.71€ ( 0.573%) | 34.91€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ETLX.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.43 | 1.49% |
| R2 | 35.15 | 0.702% |
| R1 | 34.98 | 0.215% |
| Price | 34.91 | |
| S1 | 34.43 | -1.36% |
| S2 | 34.26 | -1.85% |
| S3 | 33.99 | -2.64% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.52 | 1.75% |
| R2 | 35.47 | 1.62% |
| R1 | 34.96 | 0.158% |
| Price | 34.91 | |
| S1 | 33.96 | -2.71% |
| S2 | 33.28 | -4.66% |
| S3 | 32.94 | -5.63% |
FAQ
Click here for our free guide on how to buy L&g Gold Mining Ucits Etf ETF.
