Lyxor Portfolio Strategy Defensiv Ucits ETF Forecast

Green day on Friday for Lyxor Portfolio Strategy Defensiv Ucits ETF after gaining 0.360%
(Updated on Jun 28, 2024)

F702.F Signals & Forecast

The Lyxor Portfolio Strategy Defensiv Ucits 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 122.57€ and 122.09€. A breakdown below any of these levels will issue sell signals. Lyxor Portfolio Strategy Defensiv Ucits 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -0.325%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Thursday, May 09, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, August 30, 2023.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for Lyxor Portfolio Strategy Defensiv Ucits ETF

Lyxor Portfolio Strategy Defensiv Ucits finds support from accumulated volume at 121.32€ 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 0.800€ between high and low, or 0.652%. For the last week the ETF has had daily average volatility of 0.751%.

Our recommended stop-loss: 117.90€ (-3.96%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)

Trading Expectations (F702.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Lyxor Portfolio Strategy Defensiv Ucits Etf (vermoegensstrategie) to open at 123.03€, and during the day (based on 14 day Average True Range), to move between 121.79€ and 123.73€, which gives a possible trading interval of +/-0.97€ (+/-0.79%) up or down from last closing price. If Lyxor Portfolio Strategy Defensiv Ucits Etf (vermoegensstrategie) 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 resistance from accumulated volume at 122.80€ (0.03%) than the support at 121.32€ (1.17%), 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 Portfolio Strategy Defensiv Ucits Etf (vermoegensstrategie) 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 Lyxor Portfolio Strategy Defensiv Ucits ETF to perform well in the short-term period.

Current score: 1.091 Buy Candidate Unchanged

Predicted Opening Price for Lyxor Portfolio Strategy Defensiv Ucits Etf (vermoegensstrategie) of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.