Lyxor New Energy (dr) Ucits Etf Dist ETF Forecast

Weaker technical forecast for Lyxor New Energy (dr) Ucits Etf Dist as ETF downgraded to Sell Candidate.
(Updated on Jun 28, 2024)

NRJ.PA Signals & Forecast

There are few to no technical positive signals at the moment. The Lyxor New Energy (dr) Ucits Etf Dist 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 26.95€ and 28.00€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -9.67%. 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 New Energy (dr) Ucits Etf Dist 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". The ETF had a Golden Star Signal on Tuesday, March 19, 2024 in the long-term chart.

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 New Energy (dr) Ucits Etf Dist ETF

Lyxor New Energy (dr) Ucits Etf Dist finds support from accumulated volume at 26.28€ 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 0.441€ (1.68%) between high and low. For the last week, the ETF has had daily average volatility of 1.43%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (NRJ.PA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Lyxor New Energy (dr) Ucits Etf Dist to open at 26.43€, and during the day (based on 14 day Average True Range), to move between 25.88€ and 26.70€, which gives a possible trading interval of +/-0.409€ (+/-1.55%) up or down from last closing price. If Lyxor New Energy (dr) Ucits Etf Dist takes out the full calculated possible swing range there will be an estimated 3.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 26.28€ (0.05%) than the resistance at 28.37€ (7.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Lyxor New Energy (dr) Ucits Etf Dist ETF A Buy?

The Lyxor New Energy (dr) Ucits Etf Dist ETF holds several negative signals and despite the positive trend, we believe Lyxor New Energy (dr) Ucits Etf Dist will perform weakly in the next couple of days or weeks. Therefore, we 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 Sell candidate.

Current score: -2.347 Sell Candidate Downgraded

Predicted Opening Price for Lyxor New Energy (dr) Ucits Etf Dist of Monday, July 1, 2024

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