Lyxor Msci India Ucits Etf 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
Green day on Friday for Lyxor Msci India Ucits Etf ETF after gaining 0.500%
(Updated on Jun 28, 2024)
The Lyxor Msci India Ucits Etf ETF price gained 0.500% on the last trading day (Friday, 28th Jun 2024), rising from 34.00 Fr to 34.17 Fr. During the last trading day the ETF fluctuated 0.381% from a day low at 34.14 Fr to a day high of 34.27 Fr. The price has risen in 7 of the last 10 days and is up by 1.77% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately 298.37 Fr thousand.
The ETF lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 34.60 Fr will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 5.28% during the next 3 months and, with a 90% probability hold a price between 33.92 Fr and 36.43 Fr at the end of this 3-month period.
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LYINR.SW Signals & Forecast
Mostly positive signals in the chart today. 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 33.74 Fr and 33.07 Fr. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 10.17%. Further rise is indicated until a new top pivot has been found. 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.
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 0.130 Fr (0.381%) between high and low. For the last week, the ETF has had daily average volatility of 0.447%.
Our recommended stop-loss: 32.76 Fr (-4.14%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (LYINR.SW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lyxor Msci India Ucits Etf to open at 34.19 Fr, and during the day (based on 14 day Average True Range), to move between 33.74 Fr and 34.60 Fr, which gives a possible trading interval of +/-0.433 Fr (+/-1.27%) 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 2.53% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 32.94 Fr, some 1.24 Fr (3.61%) from the current price of 34.17 Fr, our system finds the risk reward attractive.
Is Lyxor Msci India 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 Msci India Ucits Etf ETF to perform well in the short-term.
Current score: 4.872 Buy Candidate Unchanged
Predicted Opening Price for Lyxor Msci India Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 34.19 Fr ( 0.0585%) | 34.17 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LYINR.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 34.32 | 0.439% |
| R2 | 34.27 | 0.294% |
| R1 | 34.24 | 0.204% |
| Price | 34.17 | |
| S1 | 34.14 | -0.0868% |
| S2 | 34.11 | -0.177% |
| S3 | 34.06 | -0.322% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 34.17 | |
| S1 | 32.94 | -3.61% |
| S2 | 32.92 | -3.67% |
| S3 | 31.02 | -9.23% |
FAQ
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