Lyxor Ftse Mib (dr) Ucits Etf ETF Forecast
Evaluation of Lyxor Ftse Mib (dr) Ucits Etf ETF downgraded after the last trading session.
(Updated on Jun 25, 2024)
The Lyxor Ftse Mib (dr) Ucits Etf ETF price fell by -0.217% on the last day (Tuesday, 25th Jun 2024) from £2,882.00 to £2,875.75. During the last trading day the ETF fluctuated 0.183% from a day low at £2,870.50 to a day high of £2,875.75. The price has been going up and down for this period, and there has been a -2.83% loss for the last 2 weeks. Volume has increased on the last day by 843 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, 5 thousand shares were bought and sold for approximately £15.13 million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Lyxor Ftse Mib (dr) Ucits Etf ETF with a 90% probability to be traded between £2,802.75 and £3,073.29 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MIBX.L Signals & Forecast
There are mixed signals in the ETF today. The Lyxor Ftse Mib (dr) Ucits Etf ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at £2,928.64. On a fall, the ETF will find some support from the short-term average at £2,823.68. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 4.04%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Lyxor Ftse Mib (dr) Ucits Etf ETF
Lyxor Ftse Mib (dr) Ucits Etf finds support from accumulated volume at £2,851.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 £5.25 (0.183%) between high and low. For the last week, the ETF has had daily average volatility of 0.261%.
Our recommended stop-loss: £2,738.41 (-4.78%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (MIBX.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Lyxor Ftse Mib (dr) Ucits Etf to open at £2,874.00, and during the day (based on 14 day Average True Range), to move between £2,843.20 and £2,908.30, which gives a possible trading interval of +/-£32.55 (+/-1.13%) up or down from last closing price. If Lyxor Ftse Mib (dr) Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £2,891.25 (0.54%) than the support at £2,851.25 (0.85%), 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 Ftse Mib (dr) Ucits Etf ETF A Buy?
Lyxor Ftse Mib (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: -0.454 Hold/Accumulate Downgraded
Predicted Opening Price for Lyxor Ftse Mib (dr) Ucits Etf of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| £2,874.00 ( 0.0609%) | £2,875.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MIBX.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,879.25 | 0.122% |
| R2 | 2,877.24 | 0.0520% |
| R1 | 2,876.01 | 0.0089% |
| Price | 2,875.75 | |
| S1 | 2,871.99 | -0.131% |
| S2 | 2,870.76 | -0.174% |
| S3 | 2,868.75 | -0.243% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,934.00 | 2.03% |
| R2 | 2,895.50 | 0.687% |
| R1 | 2,891.25 | 0.539% |
| Price | 2,875.75 | |
| S1 | 2,851.25 | -0.85% |
| S2 | 2,837.75 | -1.32% |
| S3 | 2,795.25 | -2.80% |
MIBX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 12, 2023 | Dec 12, 2023 | Dec 15, 2023 | £0.96 | 0.0377% |
| 2 | Dec 07, 2022 | Dec 07, 2022 | Dec 09, 2022 | £19.80 | 0.98% |
| 3 | Jul 06, 2022 | Jul 06, 2022 | Jul 08, 2022 | £59.81 | 3.36% |
| 4 | Dec 08, 2021 | Dec 08, 2021 | Dec 10, 2021 | £28.35 | 1.28% |
| 5 | Jul 07, 2021 | Jul 07, 2021 | Jul 09, 2021 | £17.99 | 0.87% |
FAQ
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