Lyxor Index Fund - Lyxor Stoxx Europe ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Lyxor Index Fund - Lyxor Stoxx Europe ETF price ended at 82.82€ on Friday, after losing 0.253%.
(Updated on Jun 28, 2024)
The Lyxor Index Fund - Lyxor Stoxx Europe ETF price fell by -0.253% on the last day (Friday, 28th Jun 2024) from 83.03€ to 82.82€. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.99% from a day low at 82.82€ to a day high of 83.64€. The price has fallen in 6 of the last 10 days but is still up by 0.91% over the past 2 weeks.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -4.12% during the next 3 months and, with a 90% probability hold a price between 77.75€ and 83.10€ at the end of this 3-month period.
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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 83.42€ and 84.96€. 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 1.46%. 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.
Golden Star 12 Months
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 0.82€ between high and low, or 0.99%. For the last week the ETF has had daily average volatility of 1.17%
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect Lyxor Index Fund - Lyxor Stoxx Europe 600 Oil & Gas Ucits Etf to open at 83.09€, and during the day (based on 14 day Average True Range), to move between 81.93€ and 83.71€, 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 2.14% 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€ (0.37%) than the resistance at 84.61€ (2.16%), 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: -1.664 Sell Candidate Unchanged
Predicted Opening Price for Lyxor Index Fund - Lyxor Stoxx Europe 600 Oil & Gas Ucits Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
83.09€ ( 0.330%) | 82.82€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OIGS.F
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 83.91 | 1.32% |
R2 | 83.60 | 0.94% |
R1 | 83.41 | 0.708% |
Price | 82.82 | |
S1 | 82.78 | -0.0482% |
S2 | 82.59 | -0.282% |
S3 | 82.27 | -0.660% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 86.99 | 5.04% |
R2 | 86.15 | 4.02% |
R1 | 84.61 | 2.16% |
Price | 82.82 | |
S1 | 82.51 | -0.374% |
S2 | 82.07 | -0.91% |
S3 | 81.63 | -1.44% |
OIGS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 12, 2023 | Dec 12, 2023 | Dec 15, 2023 | 2.01€ | 0% |
2 | Dec 07, 2022 | Dec 07, 2022 | Dec 09, 2022 | 1.19€ | 0% |
3 | Jul 06, 2022 | Jul 06, 2022 | Jul 08, 2022 | 1.80€ | 0% |
4 | Dec 08, 2021 | Dec 08, 2021 | Dec 10, 2021 | 0.99€ | 0% |
5 | Jul 07, 2021 | Jul 07, 2021 | Jul 09, 2021 | 1.76€ | 0% |
FAQ
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