Lyxor Euromts Highest Rated ETF Forecast

Lyxor Euromts Highest Rated ETF price ended at 97.01€ on Thursday, after losing 0.0319%.
(Updated on Jun 27, 2024)

MA13.PA Signals & Forecast

The Lyxor Euromts Highest Rated 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 97.00€ and 96.69€. 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 Wednesday, June 26, 2024, and so far it has fallen -0.0319%. 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 Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, May 06, 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.

Support, Risk & Stop-loss for Lyxor Euromts Highest Rated ETF

Lyxor Euromts Highest Rated finds support from accumulated volume at 96.98€ 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 0.0310€ between high and low, or 0.0320%. For the last week the ETF has had daily average volatility of 0.0095%

Our recommended stop-loss: 91.07€ (-6.12%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 25 days ago.)

Trading Expectations (MA13.PA) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Lyxor Euromts Highest Rated Macro-weighted Govt Bond 1-3y (dr) Ucits Etf to open at 97.02€, and during the day (based on 14 day Average True Range), to move between 96.95€ and 97.07€, which gives a possible trading interval of +/-0.0625€ (+/-0.06%) up or down from last closing price. If Lyxor Euromts Highest Rated Macro-weighted Govt Bond 1-3y (dr) Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 97.02€ (0.01%) than the support at 96.98€ (0.03%), 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 Lyxor Euromts Highest Rated Macro-weighted Govt Bond 1-3y (dr) Ucits Etf ETF A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Lyxor Euromts Highest Rated ETF to perform well in the short-term period.

Current score: 1.962 Buy Candidate Unchanged

Predicted Opening Price for Lyxor Euromts Highest Rated Macro-weighted Govt Bond 1-3y (dr) Ucits Etf of Friday, June 28, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.