Lyxor Index Fund - Lyxor Stoxx Europe ETF Forecast

Lyxor Index Fund - Lyxor Stoxx Europe ETF upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)

LOGS.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.32%. 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 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 57.75€ and 58.94€. A break-up above any of these levels will issue buy signals. Lyxor Index Fund - Lyxor Stoxx Europe 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 Monday, November 13, 2023 in the long-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 Lyxor Index Fund - Lyxor Stoxx Europe ETF

Lyxor Index Fund - Lyxor Stoxx Europe finds support from accumulated volume at 57.35€ 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 0.650€ between high and low, or 1.13%. For the last week the ETF has had daily average volatility of 1.19%.

Our recommended stop-loss: 54.88€ (-4.38%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 54 days ago.)

Trading Expectations (LOGS.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 Oil & Gas Ucits Etf to open at 57.61€, and during the day (based on 14 day Average True Range), to move between 56.78€ and 58.00€, which gives a possible trading interval of +/-0.605€ (+/-1.05%) up or down from last closing price. If Lyxor Index Fund - Lyxor Stoxx Europe 600 Oil & Gas Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 57.35€ (0.07%) than the resistance at 59.63€ (3.90%), 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 Oil & Gas 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.157 Hold/Accumulate Upgraded

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

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