Lyxor Core Euro Government ETF Forecast
Red day on Tuesday for Lyxor Core Euro Government
(Updated on Jun 25, 2024)
The Lyxor Core Euro Government ETF price fell by -0.129% on the last day (Tuesday, 25th Jun 2024) from 162.81€ to 162.60€. During the last trading day the ETF fluctuated 0.394% from a day low at 162.46€ to a day high of 163.10€. The price has been going up and down for this period, and there has been a 0.55% gain for the last 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 -246 shares and in total, 85 shares were bought and sold for approximately 13.82€ thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Lyxor Core Euro Government ETF with a 90% probability to be traded between 160.09€ and 162.19€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
LYQ7.F Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lyxor Core Euro Government 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 162.95€ and 163.19€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.648%. Further fall is indicated until a new bottom pivot has been found. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Lyxor Core Euro Government ETF
Lyxor Core Euro Government finds support from accumulated volume at 162.50€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved 0.640€ between high and low, or 0.394%. For the last week the ETF has had daily average volatility of 0.334%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LYQ7.F) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Lyxor Core Euro Government Inflation-linked Bond (dr) Ucits Etf to open at 162.72€, and during the day (based on 14 day Average True Range), to move between 161.93€ and 163.26€, which gives a possible trading interval of +/-0.668€ (+/-0.41%) up or down from last closing price. If Lyxor Core Euro Government Inflation-linked Bond (dr) Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 162.50€ (0.06%) than the resistance at 163.66€ (0.66%), 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 Core Euro Government Inflation-linked Bond (dr) Ucits Etf ETF A Buy?
Lyxor Core Euro Government holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -3.231 Sell Candidate Unchanged
Predicted Opening Price for Lyxor Core Euro Government Inflation-linked Bond (dr) Ucits Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 162.72€ ( 0.0738%) | 162.60€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LYQ7.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 163.36 | 0.467% |
| R2 | 163.11 | 0.317% |
| R1 | 162.96 | 0.224% |
| Price | 162.60 | |
| S1 | 162.47 | -0.0766% |
| S2 | 162.32 | -0.169% |
| S3 | 162.08 | -0.320% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 164.05 | 0.89% |
| R2 | 164.01 | 0.87% |
| R1 | 163.66 | 0.655% |
| Price | 162.60 | |
| S1 | 162.50 | -0.0584% |
| S2 | 161.71 | -0.547% |
| S3 | 161.67 | -0.569% |
FAQ
Click here for our free guide on how to buy Lyxor Core Euro Government Inflation-linked Bond (dr) Ucits Etf ETF.
