Lyxor Core Msci World (dr) Ucits Etf ETF Forecast
Green day on Friday for Lyxor Core Msci World (dr) Ucits Etf ETF after gaining 0.382%
(Updated on Jun 28, 2024)
The Lyxor Core Msci World (dr) Ucits Etf ETF price gained 0.382% on the last trading day (Friday, 28th Jun 2024), rising from 17.28€ to 17.34€. During the last trading day the ETF fluctuated 0.525% from a day low at 17.33€ to a day high of 17.42€. The price has risen in 7 of the last 10 days and is up by 1.18% over the past 2 weeks. Volume fell on the last day by -13 thousand shares and in total, 162 thousand shares were bought and sold for approximately 2.81€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the upper part of a narrow and weak rising 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 17.35€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 6.30% during the next 3 months and, with a 90% probability hold a price between 17.92€ and 18.44€ at the end of this 3-month period.
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LCUW.F Signals & Forecast
Mostly positive signals in the chart today. The Lyxor Core Msci World (dr) 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 17.29€ and 16.94€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 4.91%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.
Support, Risk & Stop-loss for Lyxor Core Msci World (dr) Ucits Etf ETF
Lyxor Core Msci World (dr) Ucits Etf finds support from accumulated volume at 17.24€ 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 0.0910€ between high and low, or 0.525%. For the last week the ETF has had daily average volatility of 0.518%.
Our recommended stop-loss: 16.64€ (-4.02%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (LCUW.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lyxor Core Msci World (dr) Ucits Etf to open at 17.36€, and during the day (based on 14 day Average True Range), to move between 17.23€ and 17.45€, which gives a possible trading interval of +/-0.106€ (+/-0.61%) up or down from last closing price. If Lyxor Core Msci World (dr) Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.23% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 17.24€, some 0.105€ (0.61%) from the current price of 17.34€, our system finds the risk reward attractive.
Is Lyxor Core Msci World (dr) 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 Core Msci World (dr) Ucits Etf ETF to perform well in the short-term.
Current score: 3.743 Buy Candidate Unchanged
Predicted Opening Price for Lyxor Core Msci World (dr) Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 17.36€ ( 0.121%) | 17.34€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LCUW.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.45 | 0.646% |
| R2 | 17.42 | 0.445% |
| R1 | 17.40 | 0.322% |
| Price | 17.34 | |
| S1 | 17.33 | -0.0794% |
| S2 | 17.31 | -0.203% |
| S3 | 17.27 | -0.404% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 17.34 | |
| S1 | 17.24 | -0.606% |
| S2 | 16.56 | -4.50% |
| S3 | 16.53 | -4.68% |
FAQ
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