Multi Units France - Lyxor Japan (topix) ETF Forecast
Evaluation of Multi Units France - Lyxor Japan (topix) ETF downgraded after the last trading session.
(Updated on Jun 26, 2024)
The Multi Units France - Lyxor Japan (topix) ETF price gained 1.15% on the last trading day (Wednesday, 26th Jun 2024), rising from £13,244.50 to £13,397.00. During the last trading day the ETF fluctuated 0% from a day low at £13,397.00 to a day high of £13,397.00. The price has fallen in 5 of the last 10 days and is down by -1.08% for this period. Volume fell on the last day by -230 shares and in total, 0 shares were bought and sold for approximately £0 . 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 the upper part of a narrow and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £13,402.93 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -4.36% during the next 3 months and, with a 90% probability hold a price between £12,296.27 and £12,818.37 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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JPNL.L Signals & Forecast
There are mixed signals in the ETF today. The Multi Units France - Lyxor Japan (topix) ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at £13,430.67. On a fall, the ETF will find some support from the short-term average at £13,200.93. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 2.11%. Further rise is indicated until a new top pivot has been found. The ETF had a Golden Star Signal on Tuesday, October 31, 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 Tuesday, October 31, 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 Multi Units France - Lyxor Japan (topix) ETF
Multi Units France - Lyxor Japan (topix) finds support from accumulated volume at £13,336.00 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0660%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JPNL.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Multi Units France - Lyxor Japan (topix) (dr) Ucits Etf to open at £13,397.00, and during the day (based on 14 day Average True Range), to move between £13,304.34 and £13,489.66, which gives a possible trading interval of +/-£92.66 (+/-0.69%) up or down from last closing price. If Multi Units France - Lyxor Japan (topix) (dr) Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £13,336.00 (0.46%) than the resistance at £13,484.00 (0.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Multi Units France - Lyxor Japan (topix) (dr) Ucits Etf ETF A Buy?
Multi Units France - Lyxor Japan (topix) holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.758 Sell Candidate Downgraded
Predicted Opening Price for Multi Units France - Lyxor Japan (topix) (dr) Ucits Etf of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
£13,397.00 ( 0%) | £13,397.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JPNL.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 13,397.00 | - |
R2 | 13,397.00 | - |
R1 | 13,397.00 | - |
Price | 13,397.00 | |
S1 | 13,397.00 | - |
S2 | 13,397.00 | - |
S3 | 13,397.00 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 13,804.50 | 3.04% |
R2 | 13,548.00 | 1.13% |
R1 | 13,484.00 | 0.649% |
Price | 13,397.00 | |
S1 | 13,336.00 | -0.455% |
S2 | 13,244.50 | -1.14% |
S3 | 13,120.00 | -2.07% |
JPNL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 12, 2023 | Dec 12, 2023 | Dec 15, 2023 | £1.56 | 0.0126% |
2 | Dec 07, 2022 | Dec 07, 2022 | Dec 09, 2022 | £124.83 | 1.11% |
3 | Jul 06, 2022 | Jul 06, 2022 | Jul 08, 2022 | £83.74 | 0.746% |
4 | Dec 08, 2021 | Dec 08, 2021 | Dec 10, 2021 | £84.19 | 0.663% |
5 | Jul 07, 2021 | Jul 07, 2021 | Jul 09, 2021 | £84.79 | 0.691% |
FAQ
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