Lyxor Euro Stoxx 50 Daily (-1x) Inverse ETF Forecast

Evaluation of Lyxor Euro Stoxx 50 Daily (-1x) Inverse ETF downgraded after the last trading session.
(Updated on Jun 25, 2024)

LSK7.F Signals & Forecast

The Lyxor Euro Stoxx 50 Daily (-1x) Inverse ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately 8.60€. On a fall, the ETF will find some support from the long-term average at approximately 8.45€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Lyxor Euro Stoxx 50 Daily (-1x) Inverse has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -1.82%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Lyxor Euro Stoxx 50 Daily (-1x) Inverse ETF

Lyxor Euro Stoxx 50 Daily (-1x) Inverse finds support from accumulated volume at 8.50€ 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 0.0250€ between high and low, or 0.291%. For the last week the ETF has had daily average volatility of 0.614%.

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

Trading Expectations (LSK7.F) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Lyxor Euro Stoxx 50 Daily (-1x) Inverse Ucits Etf to open at 8.59€, and during the day (based on 14 day Average True Range), to move between 8.49€ and 8.67€, which gives a possible trading interval of +/-0.0852€ (+/-0.99%) up or down from last closing price. If Lyxor Euro Stoxx 50 Daily (-1x) Inverse Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 8.66€ (0.87%) than the support at 8.50€ (0.93%), 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 Lyxor Euro Stoxx 50 Daily (-1x) Inverse Ucits Etf ETF A Buy?

Lyxor Euro Stoxx 50 Daily (-1x) Inverse holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.552 Sell Candidate Downgraded

Predicted Opening Price for Lyxor Euro Stoxx 50 Daily (-1x) Inverse Ucits Etf of Wednesday, June 26, 2024

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