Lyxor Uk Government Bond 0-5y (dr) Ucits ETF Forecast

Red day on Tuesday for Lyxor Uk Government Bond 0-5y (dr) Ucits ETF after losing 0%
(Updated on Jun 25, 2024)

GIL5.L Signals & Forecast

The Lyxor Uk Government Bond 0-5y (dr) 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 £17.04 and £16.96. 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 Monday, June 24, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The ETF had a Golden Star Signal on Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, March 04, 2024.

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 Uk Government Bond 0-5y (dr) Ucits ETF

Lyxor Uk Government Bond 0-5y (dr) Ucits finds support from accumulated volume at £16.91 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 £0.0400 between high and low, or 0.235%. For the last week the ETF has had daily average volatility of 0.272%

Our recommended stop-loss: £16.45 (-3.60%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (GIL5.L) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Lyxor Uk Government Bond 0-5y (dr) Ucits Etf to open at £17.05, and during the day (based on 14 day Average True Range), to move between £17.00 and £17.12, which gives a possible trading interval of +/-£0.0560 (+/-0.33%) up or down from last closing price. If Lyxor Uk Government Bond 0-5y (dr) Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.66% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ £16.91, some £0.150 (0.88%) from the current price of £17.06, our system finds the risk reward attractive.

Is Lyxor Uk Government Bond 0-5y (dr) 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 Lyxor Uk Government Bond 0-5y (dr) Ucits ETF to perform well in the short-term period.

Current score: 1.120 Buy Candidate Unchanged

Predicted Opening Price for Lyxor Uk Government Bond 0-5y (dr) Ucits Etf of Wednesday, June 26, 2024

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