Lyxor Euro Stoxx Banks (dr) Ucits Etf ETF Forecast
Lyxor Euro Stoxx Banks (dr) Ucits Etf ETF price ended at 155.94€ on Thursday, after losing 0.230%.
(Updated on Jun 27, 2024)
The Lyxor Euro Stoxx Banks (dr) Ucits Etf ETF price fell by -0.230% on the last day (Thursday, 27th Jun 2024) from 156.30€ to 155.94€. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 1.57% from a day low at 155.58€ to a day high of 158.02€. The price has fallen in 6 of the last 10 days but is still up by 0.1% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -514 shares and in total, 2 thousand shares were bought and sold for approximately 255.12€ thousand.
The ETF lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 153.24€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 3.72% during the next 3 months and, with a 90% probability hold a price between 158.95€ and 175.99€ at the end of this 3-month period.
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LYBK.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 2.35%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lyxor Euro Stoxx Banks (dr) Ucits Etf 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 156.53€ and 162.47€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Lyxor Euro Stoxx Banks (dr) Ucits Etf ETF
Lyxor Euro Stoxx Banks (dr) Ucits Etf finds support from accumulated volume at 155.78€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved 2.44€ between high and low, or 1.57%. For the last week the ETF has had daily average volatility of 1.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LYBK.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Lyxor Euro Stoxx Banks (dr) Ucits Etf to open at 156.51€, and during the day (based on 14 day Average True Range), to move between 153.33€ and 158.55€, which gives a possible trading interval of +/-2.61€ (+/-1.67%) up or down from last closing price. If Lyxor Euro Stoxx Banks (dr) Ucits Etf takes out the full calculated possible swing range there will be an estimated 3.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 155.78€ (0.10%) than the resistance at 159.10€ (2.03%), 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 Euro Stoxx Banks (dr) Ucits Etf ETF A Buy?
The Lyxor Euro Stoxx Banks (dr) Ucits Etf ETF holds several negative signals and despite the positive trend, we believe Lyxor Euro Stoxx Banks (dr) Ucits Etf will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -1.957 Sell Candidate Unchanged
Predicted Opening Price for Lyxor Euro Stoxx Banks (dr) Ucits Etf of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 156.51€ ( 0.368%) | 155.94€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LYBK.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 158.95 | 1.93% |
| R2 | 158.02 | 1.33% |
| R1 | 157.45 | 0.97% |
| Price | 155.94 | |
| S1 | 155.58 | -0.230% |
| S2 | 155.01 | -0.599% |
| S3 | 154.07 | -1.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 165.86 | 6.36% |
| R2 | 160.50 | 2.92% |
| R1 | 159.10 | 2.03% |
| Price | 155.94 | |
| S1 | 155.78 | -0.103% |
| S2 | 152.36 | -2.30% |
| S3 | 152.14 | -2.44% |
FAQ
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