Lyxor DJ Global Titans 50 UCITS Dist ETF Forecast
Lyxor DJ Global Titans 50 UCITS Dist ETF upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Lyxor DJ Global Titans 50 UCITS Dist ETF price gained 0.561% on the last trading day (Friday, 28th Jun 2024), rising from 79.72€ to 80.17€. It has now gained 4 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 0.731% from a day low at 79.91€ to a day high of 80.50€. The price has risen in 8 of the last 10 days and is up by 1.7% over the past 2 weeks. Volume fell on the last day by -248 shares and in total, 4 thousand shares were bought and sold for approximately 292.22€ 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 ETF has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at 79.51€, a level that may pose a second chance to hit a runner. According to fan-theory 83.74€ 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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MGT.PA Signals & Forecast
The Lyxor DJ Global Titans 50 UCITS Dist 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 79.52€ and 76.13€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 10.53%. Further rise is indicated until a new top pivot has been found. 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. 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 also not.
A buy signal from a double bottom formation was found on Thursday, April 25, 2024 with a target of 71.73€. Despite whether the objective of the signal formation has been reached the ETF may continue to perform well.
Support, Risk & Stop-loss for Lyxor DJ Global Titans 50 UCITS Dist ETF
Lyxor DJ Global Titans 50 UCITS Dist finds support from accumulated volume at 80.02€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved 0.584€ between high and low, or 0.731%. For the last week the ETF has had daily average volatility of 0.724%.
Our recommended stop-loss: 76.58€ (-4.48%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (MGT.PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lyxor DJ Global Titans 50 UCITS ETF Dist to open at 80.19€, and during the day (based on 14 day Average True Range), to move between 79.46€ and 80.88€, which gives a possible trading interval of +/-0.713€ (+/-0.89%) up or down from last closing price. If Lyxor DJ Global Titans 50 UCITS ETF Dist takes out the full calculated possible swing range there will be an estimated 1.78% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 80.02€, some 0.149€ (0.19%) from the current price of 80.17€, our system finds the risk reward attractive.
Is Lyxor DJ Global Titans 50 UCITS ETF Dist ETF A Buy?
Lyxor DJ Global Titans 50 UCITS Dist holds several positive signals and has broken the strong rising trend up. As the ETF is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.190 Strong Buy Candidate Upgraded
Predicted Opening Price for Lyxor DJ Global Titans 50 UCITS ETF Dist of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 80.19€ ( 0.0283%) | 80.17€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MGT.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 80.78 | 0.757% |
| R2 | 80.55 | 0.478% |
| R1 | 80.42 | 0.307% |
| Price | 80.17 | |
| S1 | 79.97 | -0.250% |
| S2 | 79.83 | -0.422% |
| S3 | 79.61 | -0.700% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 80.17 | |
| S1 | 80.02 | -0.186% |
| S2 | 78.83 | -1.67% |
| S3 | 70.79 | -11.71% |
MGT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 12, 2023 | Dec 12, 2023 | Dec 12, 2023 | 0.460€ | 0.741% |
| 2 | Dec 07, 2022 | Dec 07, 2022 | Dec 07, 2022 | 0.410€ | 0.82% |
| 3 | Jul 06, 2022 | Jul 06, 2022 | Jul 06, 2022 | 0.420€ | 0.798% |
| 4 | Dec 08, 2021 | Dec 08, 2021 | Dec 08, 2021 | 0.210€ | 0.346% |
| 5 | Jul 07, 2021 | Jul 07, 2021 | Jul 07, 2021 | 0.360€ | 0.659% |
FAQ
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