Lyxor Index Fund - Lyxor Stoxx Europe ETF Forecast
Lyxor Index Fund - Lyxor Stoxx Europe ETF price ended at 62.15€ on Friday, after losing 0.0354%.
(Updated on Jun 28, 2024)
The Lyxor Index Fund - Lyxor Stoxx Europe ETF price fell by -0.0354% on the last day (Friday, 28th Jun 2024) from 62.17€ to 62.15€. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.754% from a day low at 62.11€ to a day high of 62.58€. The price has been going up and down for this period, and there has been a 2.37% gain for the last 2 weeks. Volume has increased on the last day by 931 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 954 shares were bought and sold for approximately 59.29€ thousand.
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 6.58% during the next 3 months and, with a 90% probability hold a price between 65.51€ and 68.39€ at the end of this 3-month period.
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INS.PA Signals & Forecast
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. The Lyxor Index Fund - Lyxor Stoxx Europe ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 62.48€ and 62.42€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -1.57%. Further fall is indicated until a new bottom pivot has been found. Lyxor Index Fund - Lyxor Stoxx Europe gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Wednesday, July 19, 2023 in the long-term chart.
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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Wednesday, July 19, 2023 in the long-term chart.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 Index Fund - Lyxor Stoxx Europe ETF
Lyxor Index Fund - Lyxor Stoxx Europe finds support from accumulated volume at 60.78€ 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 0.468€ between high and low, or 0.754%. For the last week the ETF has had daily average volatility of 0.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INS.PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lyxor Index Fund - Lyxor Stoxx Europe 600 Insurance Ucits Etf to open at 62.28€, and during the day (based on 14 day Average True Range), to move between 61.56€ and 62.74€, which gives a possible trading interval of +/-0.587€ (+/-0.94%) up or down from last closing price. If Lyxor Index Fund - Lyxor Stoxx Europe 600 Insurance Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 62.27€ (0.18%) than the support at 60.78€ (2.21%), 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 Index Fund - Lyxor Stoxx Europe 600 Insurance Ucits Etf ETF A Buy?
The Lyxor Index Fund - Lyxor Stoxx Europe ETF holds several negative signals and despite the positive trend, we believe Lyxor Index Fund - Lyxor Stoxx Europe will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -3.439 Sell Candidate Unchanged
Predicted Opening Price for Lyxor Index Fund - Lyxor Stoxx Europe 600 Insurance Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 62.28€ ( 0.206%) | 62.15€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INS.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 62.75 | 0.96% |
| R2 | 62.57 | 0.671% |
| R1 | 62.46 | 0.494% |
| Price | 62.15 | |
| S1 | 62.10 | -0.0817% |
| S2 | 61.99 | -0.259% |
| S3 | 61.81 | -0.547% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 62.80 | 1.04% |
| R2 | 62.45 | 0.484% |
| R1 | 62.27 | 0.182% |
| Price | 62.15 | |
| S1 | 60.78 | -2.21% |
| S2 | 59.22 | -4.72% |
| S3 | 59.04 | -5.01% |
FAQ
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