Lyxor Japan (topix) (dr) Ucits Etf ETF Forecast
Lyxor Japan (topix) (dr) Ucits Etf ETF downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jun 26, 2024)
The Lyxor Japan (topix) (dr) Ucits Etf ETF price fell by -0.0790% on the last day (Wednesday, 26th Jun 2024) from 158.21€ to 158.08€. During the last trading day the ETF fluctuated 0.740% from a day low at 158.08€ to a day high of 159.25€. The price has been going up and down for this period, and there has been a -0.68% loss 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 -1 thousand shares and in total, 452 shares were bought and sold for approximately 71.45€ thousand.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -2.83% during the next 3 months and, with a 90% probability hold a price between 147.13€ and 155.29€ at the end of this 3-month period. 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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LYY4.F Signals & Forecast
The Lyxor Japan (topix) (dr) Ucits Etf 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 156.47€ and 157.45€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 1.84%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Friday, May 31, 2024 in the short-term chart.
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 Friday, May 31, 2024 in the short-term chart.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 Monday, June 10, 2024 and based on theory for this formation the price should fall by -2.77% to 153.70€ within 25 trading days since signal was issued (Monday, July 15, 2024).
Support, Risk & Stop-loss for Lyxor Japan (topix) (dr) Ucits Etf ETF
Lyxor Japan (topix) (dr) Ucits Etf finds support from accumulated volume at 157.97€ 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 1.17€ between high and low, or 0.740%. For the last week the ETF has had daily average volatility of 0.384%
Our recommended stop-loss: 149.06€ (-5.71%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (LYY4.F) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Lyxor Japan (topix) (dr) Ucits Etf to open at 158.47€, and during the day (based on 14 day Average True Range), to move between 156.73€ and 159.43€, which gives a possible trading interval of +/-1.35€ (+/-0.85%) up or down from last closing price. If Lyxor Japan (topix) (dr) Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 157.97€ (0.07%) than the resistance at 159.63€ (0.98%), 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 Japan (topix) (dr) Ucits Etf ETF A Buy?
Lyxor Japan (topix) (dr) 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: 0.146 Hold/Accumulate Downgraded
Predicted Opening Price for Lyxor Japan (topix) (dr) Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 158.47€ ( 0.247%) | 158.08€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LYY4.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 159.64 | 0.99% |
| R2 | 159.19 | 0.704% |
| R1 | 158.92 | 0.529% |
| Price | 158.08 | |
| S1 | 158.02 | -0.0360% |
| S2 | 157.75 | -0.211% |
| S3 | 157.30 | -0.493% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 161.89 | 2.41% |
| R2 | 161.72 | 2.30% |
| R1 | 159.63 | 0.98% |
| Price | 158.08 | |
| S1 | 157.97 | -0.0696% |
| S2 | 156.54 | -0.97% |
| S3 | 156.25 | -1.16% |
FAQ
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