Lyxor Pea Dow Jones Industrial Average ETF Forecast
Stronger technical forecast for Lyxor Pea Dow Jones Industrial Average ETF price after Friday trading.
(Updated on Jun 28, 2024)
The Lyxor Pea Dow Jones Industrial Average ETF price fell by -0.296% on the last day (Friday, 28th Jun 2024) from 35.43€ to 35.33€. During the last trading day the ETF fluctuated 1.42% from a day low at 35.33€ to a day high of 35.83€. The price has risen in 6 of the last 10 days and is up by 1.63% over the past 2 weeks. Volume has increased on the last day by 2 thousand 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, 2 thousand shares were bought and sold for approximately 60.51€ thousand.
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 -3.74% during the next 3 months and, with a 90% probability hold a price between 32.68€ and 34.88€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PDJE.PA Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lyxor Pea Dow Jones Industrial Average ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 35.64€ and 35.50€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -2.77%. Further fall is indicated until a new bottom pivot has been found. Lyxor Pea Dow Jones Industrial Average 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 very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Lyxor Pea Dow Jones Industrial Average ETF
Lyxor Pea Dow Jones Industrial Average finds support from accumulated volume at 35.26€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.500€ between high and low, or 1.42%. For the last week the ETF has had daily average volatility of 1.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PDJE.PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lyxor Pea Dow Jones Industrial Average Ucits Etf to open at 35.49€, and during the day (based on 14 day Average True Range), to move between 34.87€ and 35.78€, which gives a possible trading interval of +/-0.457€ (+/-1.29%) up or down from last closing price. If Lyxor Pea Dow Jones Industrial Average Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 35.26€ (0.18%) than the resistance at 36.07€ (2.11%), 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 Pea Dow Jones Industrial Average Ucits Etf ETF A Buy?
Lyxor Pea Dow Jones Industrial Average holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.451 Sell Candidate Upgraded
Predicted Opening Price for Lyxor Pea Dow Jones Industrial Average Ucits Etf of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
35.49€ ( 0.472%) | 35.33€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PDJE.PA
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 35.99 | 1.89% |
R2 | 35.80 | 1.35% |
R1 | 35.68 | 1.01% |
Price | 35.33 | |
S1 | 35.30 | -0.0689% |
S2 | 35.18 | -0.403% |
S3 | 34.99 | -0.94% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 36.72 | 3.95% |
R2 | 36.63 | 3.69% |
R1 | 36.07 | 2.11% |
Price | 35.33 | |
S1 | 35.26 | -0.184% |
S2 | 34.76 | -1.60% |
S3 | 34.39 | -2.66% |
FAQ
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