L&g Europe Ex Uk Equity Ucits Etf ETF Forecast
Red day on Wednesday for L&g Europe Ex Uk Equity Ucits Etf ETF after losing 0.86%
(Updated on Jun 26, 2024)
The L&g Europe Ex Uk Equity Ucits Etf ETF price fell by -0.86% on the last day (Wednesday, 26th Jun 2024) from £1,450.84 to £1,438.40. During the last trading day the ETF fluctuated 0.97% from a day low at £1,438.40 to a day high of £1,452.40. The price has risen in 6 of the last 10 days but is still down by -0.58% for this period. Volume has increased on the last day by 313 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 375 shares were bought and sold for approximately £539.40 thousand.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £1,428.71 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 2.94% during the next 3 months and, with a 90% probability hold a price between £1,470.77 and £1,545.55 at the end of this 3-month period.
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LGEG.L Signals & Forecast
There are few to no technical positive signals at the moment. The L&g Europe Ex Uk Equity Ucits Etf 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 £1,442.55 and £1,457.23. 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 20, 2024, and so far it has fallen -1.02%. 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). L&g Europe Ex Uk Equity Ucits Etf gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The ETF had a Golden Star Signal on Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, July 12, 2023.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, July 12, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, July 12, 2023.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A sell signal from a double top formation was found on Thursday, June 06, 2024 and based on theory for this formation the price should fall by -1.56% to £1,415.99 within 15 trading days since signal was issued (Thursday, June 27, 2024).
Support, Risk & Stop-loss for L&g Europe Ex Uk Equity Ucits Etf ETF
L&g Europe Ex Uk Equity Ucits Etf finds support from accumulated volume at £1,433.60 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 £14.00 between high and low, or 0.97%. For the last week the ETF has had daily average volatility of 0.519%.
Our recommended stop-loss: £1,389.14 (-3.42%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (LGEG.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect L&g Europe Ex Uk Equity Ucits Etf to open at £1,443.07, and during the day (based on 14 day Average True Range), to move between £1,424.52 and £1,452.28, which gives a possible trading interval of +/-£13.88 (+/-0.96%) up or down from last closing price. If L&g Europe Ex Uk Equity Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £1,433.60 (0.33%) than the resistance at £1,445.00 (0.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is L&g Europe Ex Uk Equity Ucits Etf ETF A Buy?
L&g Europe Ex Uk Equity Ucits Etf 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.
Current score: -0.817 Hold/Accumulate Unchanged
Predicted Opening Price for L&g Europe Ex Uk Equity Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| £1,443.07 ( 0.324%) | £1,438.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LGEG.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,457.07 | 1.30% |
| R2 | 1,451.72 | 0.93% |
| R1 | 1,448.41 | 0.696% |
| Price | 1,438.40 | |
| S1 | 1,437.72 | -0.0474% |
| S2 | 1,434.41 | -0.277% |
| S3 | 1,429.07 | -0.649% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,475.70 | 2.59% |
| R2 | 1,469.80 | 2.18% |
| R1 | 1,445.00 | 0.459% |
| Price | 1,438.40 | |
| S1 | 1,433.60 | -0.334% |
| S2 | 1,425.20 | -0.92% |
| S3 | 1,413.20 | -1.75% |
FAQ
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