Lyxor Msci Emerging Markets (lux) Ucits ETF Forecast
Stronger technical forecast for Lyxor Msci Emerging Markets (lux) Ucits ETF price after Thursday trading.
(Updated on Jun 27, 2024)
No changes to the price of Lyxor Msci Emerging Markets (lux) Ucits ETF on the last trading day (Thursday, 27th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at £51.72 to a day high of £51.72. The price has fallen in 5 of the last 10 days but is still up by 0.27% over the past 2 weeks.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 6.38% during the next 3 months and, with a 90% probability hold a price between £53.85 and £57.88 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
LEMA.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lyxor Msci Emerging Markets (lux) Ucits ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £52.08 and £51.77. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Lyxor Msci Emerging Markets (lux) Ucits ETF
Lyxor Msci Emerging Markets (lux) Ucits finds support from accumulated volume at £50.29 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.441%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LEMA.L) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Lyxor Msci Emerging Markets (lux) Ucits Etf to open at £51.72, and during the day (based on 14 day Average True Range), to move between £51.27 and £52.17, which gives a possible trading interval of +/-£0.450 (+/-0.87%) up or down from last closing price. If Lyxor Msci Emerging Markets (lux) Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £51.78 (0.12%) than the support at £50.29 (2.77%), 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 Emerging Markets (lux) Ucits Etf ETF A Buy?
Lyxor Msci Emerging Markets (lux) Ucits holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.779 Sell Candidate Upgraded
Predicted Opening Price for Lyxor Msci Emerging Markets (lux) Ucits Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| £51.72 ( 0%) | £51.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LEMA.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 51.72 | - |
| R2 | 51.72 | - |
| R1 | 51.72 | - |
| Price | 51.72 | |
| S1 | 51.72 | - |
| S2 | 51.72 | - |
| S3 | 51.72 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 52.37 | 1.26% |
| R2 | 52.29 | 1.11% |
| R1 | 51.78 | 0.119% |
| Price | 51.72 | |
| S1 | 50.29 | -2.77% |
| S2 | 49.56 | -4.17% |
| S3 | 48.05 | -7.09% |
FAQ
Click here for our free guide on how to buy Lyxor Msci Emerging Markets (lux) Ucits Etf ETF.
