Lyxor Msci Japan Esg Leaders Extra (dr) ETF Forecast

Green day on Friday for Lyxor Msci Japan Esg Leaders Extra (dr)
(Updated on Jun 28, 2024)

JPXH.PA Signals & Forecast

The Lyxor Msci Japan Esg Leaders Extra (dr) 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 65.86€ and 64.99€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 3.99%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 also not.

Support, Risk & Stop-loss for Lyxor Msci Japan Esg Leaders Extra (dr) ETF

On the downside, the ETF finds support just below today's level from accumulated volume at 63.41€ and 62.62€. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Lyxor Msci Japan Esg Leaders Extra (dr) finds support just below today's level at 63.41€. If this is broken, then the next support from accumulated volume will be at 62.62€ and 62.50€.

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 0.215€ between high and low, or 0.322%. For the last week the ETF has had daily average volatility of 0.179%

Since the Lyxor Msci Japan Esg Leaders Extra (dr) has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the ETF is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: 63.81€ (-4.70%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (JPXH.PA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Lyxor Msci Japan Esg Leaders Extra (dr) Ucits Etf to open at 66.88€, and during the day (based on 14 day Average True Range), to move between 66.52€ and 67.39€, which gives a possible trading interval of +/-0.431€ (+/-0.64%) up or down from last closing price. If Lyxor Msci Japan Esg Leaders Extra (dr) Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.29% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 63.41€, some 3.55€ (5.30%) from the current price of 66.95€, our system finds the risk reward attractive.

Is Lyxor Msci Japan Esg Leaders Extra (dr) Ucits Etf ETF A Buy?

Several short-term signals, along with a general good trend, are positive and the ETF has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Lyxor Msci Japan Esg Leaders Extra (dr) ETF to perform well in the short-term period. Due to a possible false trend-break listing ETF as pure buy candidate is held back.

Current score: 4.324 Buy Candidate Unchanged

Predicted Opening Price for Lyxor Msci Japan Esg Leaders Extra (dr) Ucits Etf of Monday, July 1, 2024

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