Lyxor Msci India Ucits Etf ETF Forecast

Evaluation of Lyxor Msci India Ucits Etf ETF downgraded after the last trading session.
(Updated on Jun 25, 2024)

LYINR.SW Signals & Forecast

The Lyxor Msci India Ucits Etf 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 33.64 Fr and 32.96 Fr. 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). Lyxor Msci India Ucits Etf 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. Higher liquidity also reduces the general risk. 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 Tuesday, June 18, 2024, and so far it has fallen -0.619%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Lyxor Msci India Ucits Etf ETF

Lyxor Msci India Ucits Etf finds support from accumulated volume at 32.94 Fr 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 0.0350 Fr (0.104%) between high and low. For the last week, the ETF has had daily average volatility of 0.613%.

Our recommended stop-loss: 32.50 Fr (-3.54%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (LYINR.SW) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Lyxor Msci India Ucits Etf to open at 33.71 Fr, and during the day (based on 14 day Average True Range), to move between 33.22 Fr and 34.17 Fr, which gives a possible trading interval of +/-0.475 Fr (+/-1.41%) up or down from last closing price. If Lyxor Msci India Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.82% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 33.91 Fr (0.62%) than the support at 32.94 Fr (2.26%), 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 Msci India Ucits Etf ETF A Buy?

Lyxor Msci India Ucits Etf holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.257 Hold/Accumulate Downgraded

Predicted Opening Price for Lyxor Msci India Ucits Etf of Wednesday, June 26, 2024

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