Lyxor Japan (topix) (dr) Ucits Etf ETF Forecast
Green day on Friday for Lyxor Japan (topix) (dr) Ucits Etf ETF after gaining 1.14%
(Updated on Jun 28, 2024)
The Lyxor Japan (topix) (dr) Ucits Etf ETF price gained 1.14% on the last trading day (Friday, 28th Jun 2024), rising from 158.55€ to 160.35€. During the last trading day the ETF fluctuated 0.97% from a day low at 158.82€ to a day high of 160.35€. The price has risen in 6 of the last 10 days and is up by 1.69% 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, 324 more shares were traded than the day before. In total, 474 shares were bought and sold for approximately 76.01€ thousand.
The ETFhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is 159.96€, a level that may pose a second chance to hit a runner. According to fan-theory 167.71€ will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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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. 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 157.57€ and 157.53€. 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 3.30%. Further rise is indicated until a new top pivot has been found. Lyxor Japan (topix) (dr) 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. The very low volume increases the risk and reduces the other technical signals issued. 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). The ETF had a Golden Star Signal on Friday, May 31, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, June 26, 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 Friday, May 31, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, June 26, 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 Friday, May 31, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, June 26, 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 Monday, June 10, 2024 and based on theory for this formation the price should fall by -4.15% 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 159.63€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 1.54€ between high and low, or 0.97%. For the last week the ETF has had daily average volatility of 0.622%.
Our recommended stop-loss: 151.33€ (-5.62%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (LYY4.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lyxor Japan (topix) (dr) Ucits Etf to open at 159.84€, and during the day (based on 14 day Average True Range), to move between 159.00€ and 161.70€, which gives a possible trading interval of +/-1.35€ (+/-0.84%) 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 1.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 159.63€ (0.45%) than the resistance at 161.72€ (0.85%), 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.
Current score: 0.384 Hold/Accumulate Unchanged
Predicted Opening Price for Lyxor Japan (topix) (dr) Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 159.84€ ( 0.319%) | 160.35€ |
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 | 161.37 | 0.638% |
| R2 | 160.79 | 0.273% |
| R1 | 160.42 | 0.0466% |
| Price | 160.35 | |
| S1 | 159.25 | -0.685% |
| S2 | 158.89 | -0.91% |
| S3 | 158.30 | -1.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 161.89 | 0.96% |
| R2 | 161.88 | 0.95% |
| R1 | 161.72 | 0.85% |
| Price | 160.35 | |
| S1 | 159.63 | -0.449% |
| S2 | 156.54 | -2.38% |
| S3 | 156.25 | -2.56% |
FAQ
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