MUL L.CAC 40 D.2X L.UC. ACC 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
Stronger technical forecast for MUL L.CAC 40 D.2X L.UC. ACC ETF price after Friday trading.
(Updated on Apr 26, 2024)
The MUL L.CAC 40 D.2X L.UC. ACC ETF price gained 1.96% on the last trading day (Friday, 26th Apr 2024), rising from 41.94€ to 42.76€. During the last trading day the ETF fluctuated 5.21% from a day low at 40.89€ to a day high of 43.02€. The price has risen in 6 of the last 10 days and is up by 2.7% over the past 2 weeks. Volume fell on the last day by -106 thousand shares and in total, 128 thousand shares were bought and sold for approximately 5.46€ 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 12.75% during the next 3 months and, with a 90% probability hold a price between 46.73€ and 51.17€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 42.30€ and 42.61€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -2.40%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for MUL L.CAC 40 D.2X L.UC. ACC ETF
MUL L.CAC 40 D.2X L.UC. ACC finds support from accumulated volume at 42.03€ 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 2.13€ between high and low, or 5.21%. For the last week the ETF has had daily average volatility of 2.77%.
Our recommended stop-loss: 41.24€ (-3.55%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (LVC.PA) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect MUL L.CAC 40 D.2X L.UC.ETF ACC to open at 42.22€, and during the day (based on 14 day Average True Range), to move between 41.73€ and 43.79€, which gives a possible trading interval of +/-1.03€ (+/-2.41%) 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 4.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 42.82€ (0.13%) than the support at 42.03€ (1.71%), 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 MUL L.CAC 40 D.2X L.UC.ETF ACC 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 MUL L.CAC 40 D.2X L.UC. ACC ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 2.489 Buy Candidate Upgraded
Predicted Opening Price for MUL L.CAC 40 D.2X L.UC.ETF ACC of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| 42.22€ ( 1.26%) | 42.76€ |
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 | 44.35 | 3.73 % | |
| R2 | 43.54 | 1.82 % | ||
| R1 | 43.04 | 0.648 % | ||
| Current price: | 42.76 | |||
| Support | S1 | 41.41 | -3.16 % | |
| S2 | 40.91 | -4.33 % | ||
| S3 | 40.09 | -6.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.57 | 1.88 % | |
| R2 | 42.94 | 0.409 % | ||
| R1 | 42.82 | 0.129 % | ||
| Current price | 42.76 | |||
| Support | S1 | 42.03 | -1.71% | |
| S2 | 41.96 | -1.88% | ||
| S3 | 41.64 | -2.63% |
FAQ
Click here for our free guide on how to buy MUL L.CAC 40 D.2X L.UC.ETF ACC ETF.
