Multi-units Luxembourg - Lyxor Euro ETF Forecast
Multi-units Luxembourg - Lyxor Euro ETF price up 0.0865% on Tuesday
(Updated on Jun 25, 2024)
The Multi-units Luxembourg - Lyxor Euro ETF price gained 0.0865% on the last trading day (Tuesday, 25th Jun 2024), rising from 161.83€ to 161.97€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.148% from a day low at 161.97€ to a day high of 162.21€. The price has risen in 7 of the last 10 days and is up by 1.3% over the past 2 weeks. Volume fell on the last day by -196 shares and in total, 17 shares were bought and sold for approximately 2.75€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 162.41€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Multi-units Luxembourg - Lyxor Euro ETF with a 90% probability to be traded between 158.42€ and 161.53€ 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. 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 161.78€ and 161.39€. 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 Tuesday, June 18, 2024, and so far it has fallen -0.0555%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. 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 -1.33% to 159.81€ within 15 trading days since signal was issued (Wednesday, June 26, 2024).
Support, Risk & Stop-loss for Multi-units Luxembourg - Lyxor Euro ETF
Multi-units Luxembourg - Lyxor Euro finds support from accumulated volume at 161.64€ 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 0.240€ between high and low, or 0.148%. For the last week the ETF has had daily average volatility of 0.249%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LYXD.F) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Multi-units Luxembourg - Lyxor Euro Government Bond 7-10y (dr) Ucits Etf to open at 162.05€, and during the day (based on 14 day Average True Range), to move between 161.31€ and 162.62€, which gives a possible trading interval of +/-0.659€ (+/-0.41%) 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 0.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 162.06€ (0.06%) than the support at 161.64€ (0.20%), 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 negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -2.069 Sell Candidate Unchanged
Predicted Opening Price for Multi-units Luxembourg - Lyxor Euro Government Bond 7-10y (dr) Ucits Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 162.05€ ( 0.0494%) | 161.97€ |
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 | 162.29 | 0.198% |
| R2 | 162.19 | 0.141% |
| R1 | 162.14 | 0.106% |
| Price | 161.97 | |
| S1 | 161.95 | -0.0072% |
| S2 | 161.90 | -0.0422% |
| S3 | 161.81 | -0.0988% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 162.62 | 0.404% |
| R2 | 162.17 | 0.123% |
| R1 | 162.06 | 0.0556% |
| Price | 161.97 | |
| S1 | 161.64 | -0.204% |
| S2 | 161.13 | -0.519% |
| S3 | 159.88 | -1.29% |
FAQ
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