Lyxor Index Fund - Lyxor Stoxx Europe ETF Forecast

Lyxor Index Fund - Lyxor Stoxx Europe ETF price ended at 83.03€ on Thursday, after losing 0.420%.
(Updated on Jun 27, 2024)

OIGS.F Signals & Forecast

There are mixed signals in the ETF today. The Lyxor Index Fund - Lyxor Stoxx Europe 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 83.40€ and 85.10€. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 1.72%. 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). The ETF had a Golden Star Signal on Monday, November 13, 2023 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 Index Fund - Lyxor Stoxx Europe ETF

Lyxor Index Fund - Lyxor Stoxx Europe finds support from accumulated volume at 82.51€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved 1.05€ between high and low, or 1.26%. For the last week the ETF has had daily average volatility of 1.13%

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

Trading Expectations (OIGS.F) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Lyxor Index Fund - Lyxor Stoxx Europe 600 Oil & Gas Ucits Etf to open at 83.38€, and during the day (based on 14 day Average True Range), to move between 82.14€ and 83.92€, which gives a possible trading interval of +/-0.89€ (+/-1.07%) up or down from last closing price. If Lyxor Index Fund - Lyxor Stoxx Europe 600 Oil & Gas Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 82.51€ (0.63%) than the resistance at 84.61€ (1.90%), 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 Index Fund - Lyxor Stoxx Europe 600 Oil & Gas Ucits Etf ETF A Buy?

Lyxor Index Fund - Lyxor Stoxx Europe holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -1.670 Sell Candidate Unchanged

Predicted Opening Price for Lyxor Index Fund - Lyxor Stoxx Europe 600 Oil & Gas Ucits Etf of Friday, June 28, 2024

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