Lyxor Msci China Esg Leaders Extra (dr) ETF Forecast

Lyxor Msci China Esg Leaders Extra (dr) ETF price down 1.74% on Thursday
(Updated on Jun 20, 2024)

LCHI.F Signals & Forecast

There are mixed signals in the ETF today. The Lyxor Msci China Esg Leaders Extra (dr) 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 81.02€. On a fall, the ETF will find some support from the short-term average at 78.98€. 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. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -9.00%. Further fall is indicated until a new bottom pivot has been found. Lyxor Msci China Esg Leaders Extra (dr) 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Tuesday, April 09, 2024 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 Msci China Esg Leaders Extra (dr) ETF

Lyxor Msci China Esg Leaders Extra (dr) finds support from accumulated volume at 78.31€ 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 0.790€ between high and low, or 1.00%. For the last week the ETF has had daily average volatility of 0.677%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LCHI.F) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Lyxor Msci China Esg Leaders Extra (dr) Ucits Etf to open at 79.32€, and during the day (based on 14 day Average True Range), to move between 78.04€ and 80.08€, which gives a possible trading interval of +/-1.02€ (+/-1.30%) up or down from last closing price. If Lyxor Msci China Esg Leaders Extra (dr) Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 79.77€ (0.90%) than the support at 78.31€ (0.95%), 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 Msci China Esg Leaders Extra (dr) Ucits Etf ETF A Buy?

Lyxor Msci China Esg Leaders Extra (dr) 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.

Current score: -2.547 Sell Candidate Unchanged

Predicted Opening Price for Lyxor Msci China Esg Leaders Extra (dr) Ucits Etf of Friday, June 21, 2024

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