Lyxor Core Msci Japan (dr) Ucits Etf ETF Forecast
Green day on Wednesday for Lyxor Core Msci Japan (dr) Ucits Etf ETF after gaining 0.0246%
(Updated on Jun 26, 2024)
The Lyxor Core Msci Japan (dr) Ucits Etf ETF price gained 0.0246% on the last trading day (Wednesday, 26th Jun 2024), rising from 16.27€ to 16.28€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.768% from a day low at 16.28€ to a day high of 16.40€. 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 along with the price, which is a positive technical sign, and, in total, 34 thousand more shares were traded than the day before. In total, 123 thousand shares were bought and sold for approximately 2.00€ million.
The ETF lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 16.45€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -2.69% during the next 3 months and, with a 90% probability hold a price between 15.13€ and 16.01€ 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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LCUJ.F Signals & Forecast
The Lyxor Core Msci Japan (dr) Ucits Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 16.08€ and 16.18€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 2.05%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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). The ETF had a Golden Star Signal on Friday, May 31, 2024 in the short-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
The ETF had a Golden Star Signal on Friday, May 31, 2024 in the short-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 Core Msci Japan (dr) Ucits Etf ETF
Lyxor Core Msci Japan (dr) Ucits Etf finds support from accumulated volume at 16.19€ 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 0.125€ between high and low, or 0.768%. For the last week the ETF has had daily average volatility of 0.573%.
Our recommended stop-loss: 15.35€ (-5.67%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (LCUJ.F) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Lyxor Core Msci Japan (dr) Ucits Etf to open at 16.32€, and during the day (based on 14 day Average True Range), to move between 16.11€ and 16.44€, which gives a possible trading interval of +/-0.160€ (+/-0.99%) up or down from last closing price. If Lyxor Core Msci Japan (dr) Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 16.19€ (0.50%) than the resistance at 16.36€ (0.54%), 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 Core Msci Japan (dr) Ucits Etf ETF A Buy?
Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term.
Current score: 1.031 Buy Candidate Unchanged
Predicted Opening Price for Lyxor Core Msci Japan (dr) Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 16.32€ ( 0.256%) | 16.28€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LCUJ.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.44 | 1.02% |
| R2 | 16.39 | 0.731% |
| R1 | 16.36 | 0.549% |
| Price | 16.28 | |
| S1 | 16.27 | -0.0374% |
| S2 | 16.24 | -0.219% |
| S3 | 16.19 | -0.512% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.91 | 3.90% |
| R2 | 16.54 | 1.62% |
| R1 | 16.36 | 0.541% |
| Price | 16.28 | |
| S1 | 16.19 | -0.501% |
| S2 | 16.08 | -1.20% |
| S3 | 15.97 | -1.90% |
FAQ
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