Lyxor Portfolio Strategy Offensiv Ucits ETF Forecast
Green day on Friday for Lyxor Portfolio Strategy Offensiv Ucits ETF after gaining 0.282%
(Updated on Jun 28, 2024)
The Lyxor Portfolio Strategy Offensiv Ucits ETF price gained 0.282% on the last trading day (Friday, 28th Jun 2024), rising from 148.86€ to 149.28€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.710% from a day low at 149.28€ to a day high of 150.34€. The price has risen in 6 of the last 10 days and is up by 0.58% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 7 shares were bought and sold for approximately 1.04€ 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 lies in the middle of a narrow 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 3.94% during the next 3 months and, with a 90% probability hold a price between 152.58€ and 158.44€ at the end of this 3-month period.
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F703.F Signals & Forecast
The Lyxor Portfolio Strategy Offensiv 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 148.91€ and 148.50€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -0.360%. Further fall is indicated until a new bottom pivot has been found. 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 Lyxor Portfolio Strategy Offensiv Ucits ETF
Lyxor Portfolio Strategy Offensiv Ucits finds support from accumulated volume at 148.98€ 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 1.06€ between high and low, or 0.710%. For the last week the ETF has had daily average volatility of 0.721%
Our recommended stop-loss: 143.83€ (-3.65%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (F703.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lyxor Portfolio Strategy Offensiv Ucits Etf (vermoegensstrategie) to open at 149.63€, and during the day (based on 14 day Average True Range), to move between 148.17€ and 150.39€, which gives a possible trading interval of +/-1.11€ (+/-0.74%) up or down from last closing price. If Lyxor Portfolio Strategy Offensiv Ucits Etf (vermoegensstrategie) takes out the full calculated possible swing range there will be an estimated 1.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 148.98€ (0.20%) than the resistance at 149.62€ (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 Lyxor Portfolio Strategy Offensiv Ucits Etf (vermoegensstrategie) 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 Lyxor Portfolio Strategy Offensiv Ucits ETF to perform well in the short-term.
Current score: 1.657 Buy Candidate Unchanged
Predicted Opening Price for Lyxor Portfolio Strategy Offensiv Ucits Etf (vermoegensstrategie) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 149.63€ ( 0.237%) | 149.28€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for F703.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 150.69 | 0.95% |
| R2 | 150.29 | 0.676% |
| R1 | 150.04 | 0.508% |
| Price | 149.28 | |
| S1 | 149.23 | -0.0346% |
| S2 | 148.98 | -0.202% |
| S3 | 148.57 | -0.473% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 149.82 | 0.362% |
| R2 | 149.70 | 0.281% |
| R1 | 149.62 | 0.228% |
| Price | 149.28 | |
| S1 | 148.98 | -0.201% |
| S2 | 148.86 | -0.281% |
| S3 | 143.28 | -4.02% |
FAQ
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