Lyxor Index Fund - Lyxor Stoxx Europe ETF Forecast
Red day on Friday for Lyxor Index Fund - Lyxor Stoxx Europe
(Updated on Jun 28, 2024)
The Lyxor Index Fund - Lyxor Stoxx Europe ETF price fell by -0.511% on the last day (Friday, 28th Jun 2024) from 164.34€ to 163.50€. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 1.10% from a day low at 163.00€ to a day high of 164.80€. The price has risen in 6 of the last 10 days and is up by 0.2% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -4 shares and in total, 2 shares were bought and sold for approximately 327.00€ .
The ETF lies in the lower of a narrow and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 162.24€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -3.33% during the next 3 months and, with a 90% probability hold a price between 156.84€ and 163.19€ 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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LCHM.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.196%. 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. The Lyxor Index Fund - Lyxor Stoxx Europe 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 165.06€ and 167.63€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Lyxor Index Fund - Lyxor Stoxx Europe ETF
Lyxor Index Fund - Lyxor Stoxx Europe finds support from accumulated volume at 163.18€ 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 1.80€ between high and low, or 1.10%. For the last week the ETF has had daily average volatility of 0.752%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LCHM.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lyxor Index Fund - Lyxor Stoxx Europe 600 Chemicals Ucits Etf to open at 163.77€, and during the day (based on 14 day Average True Range), to move between 162.16€ and 164.84€, which gives a possible trading interval of +/-1.34€ (+/-0.82%) up or down from last closing price. If Lyxor Index Fund - Lyxor Stoxx Europe 600 Chemicals Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 163.18€ (0.20%) than the resistance at 166.08€ (1.58%), 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 Index Fund - Lyxor Stoxx Europe 600 Chemicals Ucits Etf ETF A Buy?
Lyxor Index Fund - Lyxor Stoxx Europe holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -2.231 Sell Candidate Unchanged
Predicted Opening Price for Lyxor Index Fund - Lyxor Stoxx Europe 600 Chemicals Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 163.77€ ( 0.163%) | 163.50€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LCHM.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 165.57 | 1.26% |
| R2 | 164.88 | 0.84% |
| R1 | 164.45 | 0.584% |
| Price | 163.50 | |
| S1 | 163.08 | -0.257% |
| S2 | 162.65 | -0.517% |
| S3 | 161.97 | -0.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 170.50 | 4.28% |
| R2 | 167.04 | 2.17% |
| R1 | 166.08 | 1.58% |
| Price | 163.50 | |
| S1 | 163.18 | -0.196% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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