Lyxor Index Fund - Lyxor Euromts Covered ETF Forecast

Green day on Friday for Lyxor Index Fund - Lyxor Euromts Covered ETF after gaining 0.0081%
(Updated on Jun 28, 2024)

LCVB.F Signals & Forecast

The Lyxor Index Fund - Lyxor Euromts Covered 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 124.12€ and 123.87€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 0.551%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

Support, Risk & Stop-loss for Lyxor Index Fund - Lyxor Euromts Covered ETF

Lyxor Index Fund - Lyxor Euromts Covered finds support from accumulated volume at 123.64€ 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 0.0550€ between high and low, or 0.0443%. For the last week the ETF has had daily average volatility of 0.0459%

The Lyxor Index Fund - Lyxor Euromts Covered ETF is extremely overbought on RSI14 (85). This increases the short-term risk substantially.

Our recommended stop-loss: 117.20€ (-5.62%) (This ETF has low daily movements and this gives low risk. The RSI14 is 85 and this increases the risk substantially. There is a buy signal from a pivot bottom found 40 days ago.)

Trading Expectations (LCVB.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Lyxor Index Fund - Lyxor Euromts Covered Bond Aggregate Ucits Etf to open at 124.17€, and during the day (based on 14 day Average True Range), to move between 124.09€ and 124.27€, which gives a possible trading interval of +/-0.0929€ (+/-0.07%) up or down from last closing price. If Lyxor Index Fund - Lyxor Euromts Covered Bond Aggregate Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.15% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 123.64€, some 0.540€ (0.43%) from the current price of 124.18€, our system finds the risk reward attractive.

Is Lyxor Index Fund - Lyxor Euromts Covered Bond Aggregate Ucits Etf ETF A Buy?

Lyxor Index Fund - Lyxor Euromts Covered holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Lyxor Index Fund - Lyxor Euromts Covered Bond Aggregate Ucits Etf of Monday, July 1, 2024

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