Lyxor Msci Eastern Europe Ex Russia ETF Forecast

Stronger technical forecast for Lyxor Msci Eastern Europe Ex Russia ETF price after Friday trading.
(Updated on Jun 28, 2024)

LEER.F Signals & Forecast

Mostly positive signals in the chart today. The Lyxor Msci Eastern Europe Ex Russia 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 25.23€ and 25.05€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 6.36%. 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). Lyxor Msci Eastern Europe Ex Russia has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for Lyxor Msci Eastern Europe Ex Russia ETF

Lyxor Msci Eastern Europe Ex Russia finds support from accumulated volume at 25.49€ 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 0.160€ between high and low, or 0.627%. For the last week the ETF has had daily average volatility of 1.09%.

Our recommended stop-loss: 24.44€ (-4.50%) (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 (LEER.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Lyxor Msci Eastern Europe Ex Russia Ucits Etf Acc to open at 25.58€, and during the day (based on 14 day Average True Range), to move between 25.27€ and 25.91€, which gives a possible trading interval of +/-0.316€ (+/-1.23%) up or down from last closing price. If Lyxor Msci Eastern Europe Ex Russia Ucits Etf Acc takes out the full calculated possible swing range there will be an estimated 2.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 25.67€ (0.31%) than the support at 25.49€ (0.39%), 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 Eastern Europe Ex Russia Ucits Etf Acc ETF A Buy?

Lyxor Msci Eastern Europe Ex Russia holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.432 Strong Buy Candidate Upgraded

Predicted Opening Price for Lyxor Msci Eastern Europe Ex Russia Ucits Etf Acc of Monday, July 1, 2024

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