MUL L.CAC 40 D.2X L.UC. ACC ETF Forecast

43.78€
+0.200 (+0.459%)
At Close: Mar 27, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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MUL L.CAC 40 D.2X L.UC. ACC ETF upgraded to Strong Buy Candidate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Jan 26, 2024 Gain 14.80% PDF

The MUL L.CAC 40 D.2X L.UC. ACC ETF price gained 0.459% on the last trading day (Wednesday, 27th Mar 2024), rising from 43.58€ to 43.78€. 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 1.71% from a day low at 43.30€ to a day high of 44.04€. The price has risen in 7 of the last 10 days and is up by 1.55% over the past 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 59 thousand shares were bought and sold for approximately 2.60€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The ETF lies in the middle of a strong 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 23.36% during the next 3 months and, with a 90% probability hold a price between 51.93€ and 56.69€ at the end of this 3-month period.

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LVC.PA Signals & Forecast

The MUL L.CAC 40 D.2X L.UC. ACC 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 43.51€ and 41.31€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 17, 2024, and so far it has risen 24.40%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for MUL L.CAC 40 D.2X L.UC. ACC ETF

On the downside, the ETF finds support just below today's level from accumulated volume at 38.13€ and 36.18€. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, MUL L.CAC 40 D.2X L.UC. ACC finds support just below today's level at 38.13€. If this is broken, then the next support from accumulated volume will be at 36.18€ and 36.11€.

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 0.740€ (1.71%) between high and low. For the last week, the ETF has had daily average volatility of 1.61%.

Our recommended stop-loss: 42.45€ (-3.02%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 50 days ago.)

Trading Expectations (LVC.PA) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect MUL L.CAC 40 D.2X L.UC.ETF ACC to open at 43.71€, and during the day (based on 14 day Average True Range), to move between 43.12€ and 44.43€, which gives a possible trading interval of +/-0.651€ (+/-1.49%) up or down from last closing price. If MUL L.CAC 40 D.2X L.UC.ETF ACC takes out the full calculated possible swing range there will be an estimated 2.97% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 38.13€, some 5.65€ (12.90%) from the current price of 43.78€, our system finds the risk reward attractive.

Is MUL L.CAC 40 D.2X L.UC.ETF ACC ETF A Buy?

MUL L.CAC 40 D.2X L.UC. ACC holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.688 Strong Buy Candidate Upgraded

Predicted Opening Price for MUL L.CAC 40 D.2X L.UC.ETF ACC of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
43.71€ ( 0.160%) 43.78€

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

Trading levels for LVC.PA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 44.45 1.53 %
R2 44.16 0.88 %
R1 43.99 0.486 %
Current price: 43.78
Support S1 43.42 -0.81 %
S2 43.25 -1.20 %
S3 42.97 -1.85 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 43.78
Support S1 38.13 -12.90%
S2 36.18 -17.35%
S3 36.11 -17.51%

FAQ

What is the symbol for MUL L.CAC 40 D.2X L.UC.ETF ACC ETF and on which exchange is it traded?
The symbol for MUL L.CAC 40 D.2X L.UC.ETF ACC is LVC.PA and it is traded on the PAR (Euronext Paris).

Should I buy or sell MUL L.CAC 40 D.2X L.UC.ETF ACC ETF?
MUL L.CAC 40 D.2X L.UC. ACC holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

How to buy MUL L.CAC 40 D.2X L.UC.ETF ACC ETF?
MUL L.CAC 40 D.2X L.UC.ETF ACC ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy MUL L.CAC 40 D.2X L.UC.ETF ACC ETF.

What's the current price of MUL L.CAC 40 D.2X L.UC.ETF ACC ETF?
As of the end of day on the 2024-03-27, the price of an MUL L.CAC 40 D.2X L.UC.ETF ACC (LVC.PA) share was 43.78€.

What is the 52-week high and low for MUL L.CAC 40 D.2X L.UC.ETF ACC ETF?
The 52-week high for MUL L.CAC 40 D.2X L.UC.ETF ACC ETF is 44.07€ and the 52-week low is 30.34€.

What is the market capitalization of MUL L.CAC 40 D.2X L.UC.ETF ACC ETF?
As of the 2024-03-27, the market capitalization of MUL L.CAC 40 D.2X L.UC.ETF ACC is 207.125M.
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