L&g Europe Ex Uk Equity Ucits Etf ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Wednesday for L&g Europe Ex Uk Equity Ucits Etf
(Updated on Jun 26, 2024)
The L&g Europe Ex Uk Equity Ucits Etf ETF price fell by -0.245% on the last day (Wednesday, 26th Jun 2024) from 17.14€ to 17.10€. During the last trading day the ETF fluctuated 0.760% from a day low at 17.10€ to a day high of 17.23€. The price has risen in 5 of the last 10 days but is still down by -1.24% for this period. Volume has increased on the last day by 123 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, 123 shares were bought and sold for approximately 2.10€ thousand.
The ETF lies in the middle of a narrow and 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 4.90% during the next 3 months and, with a 90% probability hold a price between 17.73€ and 18.50€ at the end of this 3-month period.
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LGEU.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 17.11€ and 17.15€. 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 -2.10%. 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 very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Friday, May 03, 2024 in the short-term chart.
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 in the short-term chart.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.
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 17.01€ 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 0.130€ between high and low, or 0.760%. For the last week the ETF has had daily average volatility of 0.421%.
Our recommended stop-loss: 16.57€ (-3.10%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (LGEU.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 17.14€, and during the day (based on 14 day Average True Range), to move between 16.96€ and 17.24€, which gives a possible trading interval of +/-0.136€ (+/-0.79%) 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 1.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 17.11€ (0.06%) than the support at 17.01€ (0.53%), 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 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
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 |
---|---|
17.14€ ( 0.253%) | 17.10€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LGEU.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 17.27 | 1.01% |
R2 | 17.22 | 0.723% |
R1 | 17.19 | 0.544% |
Price | 17.10 | |
S1 | 17.09 | -0.0370% |
S2 | 17.06 | -0.216% |
S3 | 17.01 | -0.507% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 17.25 | 0.88% |
R2 | 17.17 | 0.409% |
R1 | 17.11 | 0.0585% |
Price | 17.10 | |
S1 | 17.01 | -0.526% |
S2 | 16.67 | -2.51% |
S3 | 16.38 | -4.21% |
FAQ
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