Lyxor Japan (topix) (dr) Ucits Etf Dist ETF Forecast
Green day on Thursday for Lyxor Japan (topix) (dr) Ucits Etf Dist ETF after gaining 0.85%
(Updated on Jul 04, 2024)
The Lyxor Japan (topix) (dr) Ucits Etf Dist ETF price gained 0.85% on the last trading day (Thursday, 4th Jul 2024), rising from 160.55€ to 161.91€. 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 0.272% from a day low at 161.66€ to a day high of 162.10€. The price has risen in 7 of the last 10 days and is up by 3.8% 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, 898 more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately 201.90€ thousand.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 162.03€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Lyxor Japan (topix) (dr) Ucits Etf Dist ETF with a 90% probability to be traded between 157.92€ and 164.20€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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JPN.PA Signals & Forecast
Mostly positive signals in the chart today. The Lyxor Japan (topix) (dr) Ucits Etf Dist 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 159.91€ and 157.90€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 4.34%. 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). Lyxor Japan (topix) (dr) Ucits Etf Dist 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 Lyxor Japan (topix) (dr) Ucits Etf Dist ETF
Lyxor Japan (topix) (dr) Ucits Etf Dist finds support from accumulated volume at 158.95€ 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 0.440€ between high and low, or 0.272%. For the last week the ETF has had daily average volatility of 0.406%.
Our recommended stop-loss: 152.93€ (-5.55%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (JPN.PA) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Lyxor Japan (topix) (dr) Ucits Etf Dist Eur to open at 161.89€, and during the day (based on 14 day Average True Range), to move between 160.55€ and 163.27€, which gives a possible trading interval of +/-1.36€ (+/-0.84%) up or down from last closing price. If Lyxor Japan (topix) (dr) Ucits Etf Dist Eur takes out the full calculated possible swing range there will be an estimated 1.68% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 158.95€, some 2.96€ (1.83%) from the current price of 161.91€, our system finds the risk reward attractive.
Is Lyxor Japan (topix) (dr) Ucits Etf Dist Eur 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 Japan (topix) (dr) Ucits Etf Dist ETF to perform well in the short-term period.
Current score: 4.865 Buy Candidate Unchanged
Predicted Opening Price for Lyxor Japan (topix) (dr) Ucits Etf Dist Eur of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| 161.89€ ( 0.0124%) | 161.91€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JPN.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 162.33 | 0.259% |
| R2 | 162.16 | 0.156% |
| R1 | 162.06 | 0.0915% |
| Price | 161.91 | |
| S1 | 161.72 | -0.116% |
| S2 | 161.62 | -0.180% |
| S3 | 161.45 | -0.284% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 161.91 | |
| S1 | 158.95 | -1.83% |
| S2 | 157.66 | -2.62% |
| S3 | 156.49 | -3.35% |
JPN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 12, 2023 | Dec 12, 2023 | Dec 15, 2023 | 1.82€ | 1.26% |
| 2 | Dec 07, 2022 | Dec 07, 2022 | Dec 09, 2022 | 1.45€ | 1.11% |
| 3 | Jul 06, 2022 | Jul 06, 2022 | Jul 08, 2022 | 0.98€ | 0.739% |
| 4 | Dec 08, 2021 | Dec 08, 2021 | Dec 10, 2021 | 0.98€ | 0.660% |
| 5 | Jul 07, 2021 | Jul 07, 2021 | Jul 09, 2021 | 0.99€ | 0.691% |
FAQ
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