Lyxor Msci China Esg Leaders Extra (dr) ETF Forecast
Lyxor Msci China Esg Leaders Extra (dr) ETF price down 1.34% on Tuesday
(Updated on Jun 25, 2024)
The Lyxor Msci China Esg Leaders Extra (dr) ETF price fell by -1.34% on the last day (Tuesday, 25th Jun 2024) from 79.38€ to 78.32€. During the last trading day the ETF fluctuated 0.549% from a day low at 78.32€ to a day high of 78.75€. The price has risen in 6 of the last 10 days but is still down by -0.68% for this period. Volume has increased on the last day by 13 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, 185 shares were bought and sold for approximately 14.49€ thousand.
The ETF lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 78.20€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 9.22% during the next 3 months and, with a 90% probability hold a price between 85.41€ and 98.52€ at the end of this 3-month period.
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LCHI.F 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 Msci China Esg Leaders Extra (dr) ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 79.11€ and 80.79€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -9.85%. 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. 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.
Golden Star 12 Months
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 0.430€ between high and low, or 0.549%. For the last week the ETF has had daily average volatility of 0.766%.
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 Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Lyxor Msci China Esg Leaders Extra (dr) Ucits Etf to open at 78.46€, and during the day (based on 14 day Average True Range), to move between 77.30€ and 79.34€, 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 support from accumulated volume at 78.31€ (0.01%) than the resistance at 79.77€ (1.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lyxor Msci China Esg Leaders Extra (dr) Ucits Etf ETF A Buy?
The Lyxor Msci China Esg Leaders Extra (dr) ETF holds several negative signals and despite the positive trend, we believe Lyxor Msci China Esg Leaders Extra (dr) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -2.571 Sell Candidate Unchanged
Predicted Opening Price for Lyxor Msci China Esg Leaders Extra (dr) Ucits Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 78.46€ ( 0.183%) | 78.32€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LCHI.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 78.89 | 0.732% |
| R2 | 78.73 | 0.522% |
| R1 | 78.63 | 0.393% |
| Price | 78.32 | |
| S1 | 78.30 | -0.0267% |
| S2 | 78.20 | -0.156% |
| S3 | 78.03 | -0.366% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 84.01 | 7.27% |
| R2 | 83.38 | 6.46% |
| R1 | 79.77 | 1.85% |
| Price | 78.32 | |
| S1 | 78.31 | -0.0128% |
| S2 | 74.20 | -5.26% |
| S3 | 73.67 | -5.94% |
FAQ
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