Lyxor Index Fund - Lyxor Euromts Covered ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Lyxor Index Fund - Lyxor Euromts Covered ETF after gaining 0.0081%
(Updated on Jun 28, 2024)
The Lyxor Index Fund - Lyxor Euromts Covered ETF price gained 0.0081% on the last trading day (Friday, 28th Jun 2024), rising from 124.17€ to 124.18€. During the last trading day the ETF fluctuated 0.0443% from a day low at 124.13€ to a day high of 124.19€. The price has risen in 7 of the last 10 days and is up by 0.1% over the past 2 weeks.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 124.16€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Lyxor Index Fund - Lyxor Euromts Covered ETF with a 90% probability to be traded between 125.30€ and 125.78€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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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
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 124.17€ ( 0.0121%) | 124.18€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LCVB.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 124.22 | 0.0322% |
| R2 | 124.20 | 0.0153% |
| R1 | 124.19 | 0.0048% |
| Price | 124.18 | |
| S1 | 124.14 | -0.0290% |
| S2 | 124.13 | -0.0395% |
| S3 | 124.11 | -0.0564% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 124.18 | |
| S1 | 123.64 | -0.435% |
| S2 | 123.29 | -0.717% |
| S3 | 123.27 | -0.733% |
LCVB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 07, 2021 | Jul 07, 2021 | Dec 11, 2020 | 0.660€ | 0.478% |
| 2 | Dec 13, 2017 | Dec 13, 2017 | Dec 15, 2017 | 1.11€ | 0% |
| 3 | Jul 12, 2017 | Jul 12, 2017 | Jul 17, 2017 | 2.90€ | 0% |
| 4 | Jul 06, 2016 | Jul 06, 2016 | Jul 06, 2016 | 0.440€ | 0% |
| 5 | Jul 08, 2015 | Jul 08, 2015 | Jul 08, 2015 | 0.700€ | 0% |
FAQ
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