Lyxor Index Fund - Lyxor Stoxx Europe ETF Forecast

Lyxor Index Fund - Lyxor Stoxx Europe ETF price ended at 85.80€ on Friday, after losing 1.24%.
(Updated on Jun 28, 2024)

LFOD.F Signals & Forecast

There are few to no technical positive signals at the moment. 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 87.85€ and 89.26€. 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 -5.57%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 85.25€ 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 1.18€ between high and low, or 1.38%. For the last week the ETF has had daily average volatility of 1.20%

Lyxor Index Fund - Lyxor Stoxx Europe is oversold on RSI14 (21). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

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

For the upcoming trading day on Monday, 1st we expect Lyxor Index Fund - Lyxor Stoxx Europe 600 Food & Beverage Ucits Etf to open at 86.19€, and during the day (based on 14 day Average True Range), to move between 84.98€ and 86.62€, which gives a possible trading interval of +/-0.82€ (+/-0.95%) 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 1.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 85.25€ (0.64%) than the resistance at 87.32€ (1.77%), 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?

The Lyxor Index Fund - Lyxor Stoxx Europe ETF holds several negative signals and despite the positive trend, we believe Lyxor Index Fund - Lyxor Stoxx Europe will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -2.508 Sell Candidate Unchanged

Predicted Opening Price for Lyxor Index Fund - Lyxor Stoxx Europe 600 Food & Beverage Ucits Etf of Monday, July 1, 2024

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