Lyxor Index Fund - Lyxor Stoxx Europe ETF Forecast
Green day on Thursday for Lyxor Index Fund - Lyxor Stoxx Europe
(Updated on Jun 27, 2024)
The Lyxor Index Fund - Lyxor Stoxx Europe ETF price gained 0.0197% on the last trading day (Thursday, 27th Jun 2024), rising from 101.40€ to 101.42€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.434% from a day low at 101.42€ to a day high of 101.86€. The price has risen in 6 of the last 10 days but is still down by -1.4% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 130 more shares were traded than the day before. In total, 146 shares were bought and sold for approximately 14.81€ thousand.
The ETF lies in the middle of a 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 8.06% during the next 3 months and, with a 90% probability hold a price between 104.97€ and 114.59€ at the end of this 3-month period.
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LTUG.F Signals & Forecast
The Lyxor Index Fund - Lyxor Stoxx Europe ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 101.38€ and 100.36€. A breakdown below any of these levels will issue sell signals. Lyxor Index Fund - Lyxor Stoxx Europe 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 Wednesday, June 12, 2024, and so far it has fallen -3.08%. 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).
Support, Risk & Stop-loss for Lyxor Index Fund - Lyxor Stoxx Europe ETF
Lyxor Index Fund - Lyxor Stoxx Europe finds support from accumulated volume at 100.64€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved 0.440€ (0.434%) between high and low. For the last week, the ETF has had daily average volatility of 0.94%.
Our recommended stop-loss: 95.47€ (-5.86%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (LTUG.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Lyxor Index Fund - Lyxor Stoxx Europe 600 Technology Ucits Etf to open at 101.57€, and during the day (based on 14 day Average True Range), to move between 100.22€ and 102.62€, which gives a possible trading interval of +/-1.20€ (+/-1.18%) up or down from last closing price. If Lyxor Index Fund - Lyxor Stoxx Europe 600 Technology Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 101.62€ (0.20%) than the support at 100.64€ (0.77%), 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 Index Fund - Lyxor Stoxx Europe 600 Technology Ucits Etf ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Lyxor Index Fund - Lyxor Stoxx Europe ETF to perform well in the short-term.
Current score: 3.509 Buy Candidate Unchanged
Predicted Opening Price for Lyxor Index Fund - Lyxor Stoxx Europe 600 Technology Ucits Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 101.57€ ( 0.145%) | 101.42€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LTUG.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 102.01 | 0.578% |
| R2 | 101.84 | 0.413% |
| R1 | 101.73 | 0.310% |
| Price | 101.42 | |
| S1 | 101.40 | -0.0211% |
| S2 | 101.29 | -0.123% |
| S3 | 101.13 | -0.289% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 102.38 | 0.95% |
| R2 | 101.84 | 0.414% |
| R1 | 101.62 | 0.197% |
| Price | 101.42 | |
| S1 | 100.64 | -0.769% |
| S2 | 99.53 | -1.86% |
| S3 | 91.01 | -10.26% |
FAQ
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