Lyxor Msci Em Asia Ucits Etf ETF Forecast

Green day on Monday for Lyxor Msci Em Asia Ucits Etf
(Updated on Jun 24, 2024)

LCUA.F Signals & Forecast

The Lyxor Msci Em Asia Ucits Etf 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 10.72€ and 10.48€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -0.665%. Further fall is indicated until a new bottom pivot has been found. 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. The ETF had a Golden Star Signal on Thursday, February 01, 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 Em Asia Ucits Etf ETF

Lyxor Msci Em Asia Ucits Etf finds support from accumulated volume at 10.29€ 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 0.0640€ between high and low, or 0.599%. For the last week the ETF has had daily average volatility of 0.619%

Our recommended stop-loss: 10.43€ (-2.93%) (This ETF has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 16 days ago.)

Trading Expectations (LCUA.F) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Lyxor Msci Em Asia Ucits Etf to open at 10.73€, and during the day (based on 14 day Average True Range), to move between 10.65€ and 10.84€, which gives a possible trading interval of +/-0.0961€ (+/-0.89%) up or down from last closing price. If Lyxor Msci Em Asia Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 10.78€ (0.28%) than the support at 10.29€ (4.22%), 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 Em Asia Ucits Etf ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Lyxor Msci Em Asia Ucits Etf ETF to perform well in the short-term.

Current score: 4.386 Buy Candidate Unchanged

Predicted Opening Price for Lyxor Msci Em Asia Ucits Etf of Tuesday, June 25, 2024

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