Lyxor Nasdaq-100 Ucits Etf ETF Forecast

Lyxor Nasdaq-100 Ucits Etf ETF price up 0.0378% on Wednesday
(Updated on Jun 26, 2024)

NASD.L Signals & Forecast

The Lyxor Nasdaq-100 Ucits Etf ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $79.86. On a fall, the ETF will find some support from the long-term average at approximately $76.18. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Lyxor Nasdaq-100 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. Higher liquidity also reduces the general risk. 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 19, 2024, and so far it has fallen -1.30%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Lyxor Nasdaq-100 Ucits Etf ETF

Lyxor Nasdaq-100 Ucits Etf finds support from accumulated volume at $76.91 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 and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.570 between high and low, or 0.719%. For the last week, the ETF has had daily average volatility of 0.684%.

Our recommended stop-loss: $76.31 (-3.92%) (This ETF has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a sell signal from a pivot top found 43 days ago.)

Trading Expectations (NASD.L) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Lyxor Nasdaq-100 Ucits Etf to open at $79.49, and during the day (based on 14 day Average True Range), to move between $78.62 and $80.22, which gives a possible trading interval of +/-$0.80 (+/-1.01%) up or down from last closing price. If Lyxor Nasdaq-100 Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $79.60 (0.23%) than the support at $76.91 (3.16%), 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 Nasdaq-100 Ucits Etf ETF A Buy?

Lyxor Nasdaq-100 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: 0.494 Hold/Accumulate Unchanged

Predicted Opening Price for Lyxor Nasdaq-100 Ucits Etf of Thursday, June 27, 2024

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