Multi-units Luxembourg - Lyxor Euro ETF Forecast
Weaker technical forecast for Multi-units Luxembourg - Lyxor Euro as ETF downgraded to Hold/Accumulate.
(Updated on Jun 17, 2024)
The Multi-units Luxembourg - Lyxor Euro ETF price fell by -0.241% on the last day (Monday, 17th Jun 2024) from 161.97€ to 161.58€. During the last trading day the ETF fluctuated 0.409% from a day low at 161.53€ to a day high of 162.19€. The price has risen in 6 of the last 10 days and is up by 0.21% 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 -2 thousand shares and in total, 550 shares were bought and sold for approximately 88.87€ 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 Multi-units Luxembourg - Lyxor Euro ETF with a 90% probability to be traded between 157.62€ and 160.84€ 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.
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LYXD.F Signals & Forecast
The Multi-units Luxembourg - Lyxor Euro 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 160.86€ and 161.35€. 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). 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 Friday, June 14, 2024, and so far it has fallen -0.241%. 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. The ETF had a Golden Star Signal on Thursday, June 13, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, June 12, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Thursday, June 13, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, June 12, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star 12 Months
The ETF had a Golden Star Signal on Thursday, June 13, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, June 12, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A sell signal from a double top formation was found on Wednesday, June 05, 2024 and based on theory for this formation the price should fall by -1.09% to 159.81€ within 15 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for Multi-units Luxembourg - Lyxor Euro ETF
Multi-units Luxembourg - Lyxor Euro finds support from accumulated volume at 161.13€ 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 0.660€ between high and low, or 0.409%. For the last week the ETF has had daily average volatility of 0.510%
Our recommended stop-loss: 155.12€ (-3.99%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (LYXD.F) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Multi-units Luxembourg - Lyxor Euro Government Bond 7-10y (dr) Ucits Etf to open at 161.77€, and during the day (based on 14 day Average True Range), to move between 160.81€ and 162.34€, which gives a possible trading interval of +/-0.763€ (+/-0.47%) up or down from last closing price. If Multi-units Luxembourg - Lyxor Euro Government Bond 7-10y (dr) Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 161.62€ (0.02%) than the support at 161.13€ (0.28%), 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 Multi-units Luxembourg - Lyxor Euro Government Bond 7-10y (dr) Ucits Etf ETF A Buy?
Multi-units Luxembourg - Lyxor Euro 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: 0.268 Hold/Accumulate Downgraded
Predicted Opening Price for Multi-units Luxembourg - Lyxor Euro Government Bond 7-10y (dr) Ucits Etf of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| 161.77€ ( 0.118%) | 161.58€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LYXD.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 162.43 | 0.526% |
| R2 | 162.17 | 0.370% |
| R1 | 162.02 | 0.274% |
| Price | 161.58 | |
| S1 | 161.51 | -0.0384% |
| S2 | 161.36 | -0.135% |
| S3 | 161.11 | -0.291% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 162.17 | 0.365% |
| R2 | 161.97 | 0.241% |
| R1 | 161.62 | 0.0248% |
| Price | 161.58 | |
| S1 | 161.13 | -0.279% |
| S2 | 160.70 | -0.542% |
| S3 | 159.88 | -1.05% |
FAQ
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