Lyxor German Mid-cap Mdax Ucits Etf ETF Forecast
Evaluation of Lyxor German Mid-cap Mdax Ucits Etf ETF downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Lyxor German Mid-cap Mdax Ucits Etf ETF price fell by -0.718% on the last day (Friday, 28th Jun 2024) from 125.28€ to 124.38€. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.740% from a day low at 124.38€ to a day high of 125.30€. The price has fallen in 7 of the last 10 days and is down by -2.12% for this period. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 thousand shares were bought and sold for approximately 226.62€ thousand.
The ETF has broken the falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (124.68€) are considered to be a "second chance" to get out. According to the fan-theory 115.60€ will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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MD4X.F Signals & Forecast
There are few to no technical positive signals at the moment. The Lyxor German Mid-cap Mdax Ucits Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 125.67€ and 131.03€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -8.50%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Lyxor German Mid-cap Mdax Ucits Etf gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Lyxor German Mid-cap Mdax Ucits Etf ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved 0.92€ (0.740%) between high and low. For the last week, the ETF has had daily average volatility of 0.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MD4X.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lyxor German Mid-cap Mdax Ucits Etf to open at 124.69€, and during the day (based on 14 day Average True Range), to move between 123.01€ and 125.75€, which gives a possible trading interval of +/-1.37€ (+/-1.10%) up or down from last closing price. If Lyxor German Mid-cap Mdax Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.21% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 128.52€, some 4.14€ (3.33%) from the current price of 124.38€, our system finds the risk reward not very attractive.
Is Lyxor German Mid-cap Mdax Ucits Etf ETF A Buy?
Lyxor German Mid-cap Mdax Ucits Etf holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -5.009 Strong Sell Candidate Downgraded
Predicted Opening Price for Lyxor German Mid-cap Mdax Ucits Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
124.69€ ( 0.247%) | 124.38€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MD4X.F
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 125.61 | 0.99% |
R2 | 125.26 | 0.704% |
R1 | 125.04 | 0.529% |
Price | 124.38 | |
S1 | 124.34 | -0.0360% |
S2 | 124.12 | -0.211% |
S3 | 123.77 | -0.493% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 133.56 | 7.38% |
R2 | 132.58 | 6.59% |
R1 | 128.52 | 3.33% |
Price | 124.38 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
MD4X Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 12, 2023 | Dec 12, 2023 | Dec 15, 2023 | 2.61€ | 0% |
2 | Jul 06, 2022 | Jul 06, 2022 | Jul 08, 2022 | 1.27€ | 0% |
3 | Jul 07, 2021 | Jul 07, 2021 | Jul 09, 2021 | 2.82€ | 0% |
4 | Jul 08, 2020 | Jul 08, 2020 | Jul 10, 2020 | 1.62€ | 0% |
5 | Jul 10, 2019 | Jul 10, 2019 | Jul 12, 2019 | 3.06€ | 0% |
FAQ
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