Lyxor Index Fund - Lyxor Stoxx Europe ETF Forecast

Weaker technical forecast for Lyxor Index Fund - Lyxor Stoxx Europe as ETF downgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)

LFOD.F Signals & Forecast

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 Index Fund - Lyxor Stoxx Europe ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 88.64€ and 89.56€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -2.63%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Lyxor Index Fund - Lyxor Stoxx Europe ETF

Lyxor Index Fund - Lyxor Stoxx Europe finds support from accumulated volume at 88.38€ 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 0.710€ between high and low, or 0.80%. For the last week the ETF has had daily average volatility of 0.705%

Our recommended stop-loss: 84.65€ (-4.31%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)

Trading Expectations (LFOD.F) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Lyxor Index Fund - Lyxor Stoxx Europe 600 Food & Beverage Ucits Etf to open at 88.63€, and during the day (based on 14 day Average True Range), to move between 87.76€ and 89.18€, which gives a possible trading interval of +/-0.709€ (+/-0.80%) up or down from last closing price. If Lyxor Index Fund - Lyxor Stoxx Europe 600 Food & Beverage Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 88.38€ (0.10%) than the resistance at 88.73€ (0.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Lyxor Index Fund - Lyxor Stoxx Europe 600 Food & Beverage Ucits Etf ETF A Buy?

Lyxor Index Fund - Lyxor Stoxx Europe holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.319 Hold/Accumulate Downgraded

Predicted Opening Price for Lyxor Index Fund - Lyxor Stoxx Europe 600 Food & Beverage Ucits Etf of Wednesday, June 26, 2024

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