Lyxor Pea Inde (msci India) Ucits Etf ETF Forecast
Weaker technical forecast for Lyxor Pea Inde (msci India) Ucits Etf as ETF downgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The Lyxor Pea Inde (msci India) Ucits Etf ETF price fell by -0.132% on the last day (Friday, 28th Jun 2024) from 28.87€ to 28.83€. During the last trading day the ETF fluctuated 0.86% from a day low at 28.80€ to a day high of 29.05€. The price has risen in 6 of the last 10 days and is up by 1.36% over the past 2 weeks. Volume has increased on the last day by 52 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, 67 thousand shares were bought and sold for approximately 1.92€ million.
The ETF lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 28.90€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 8.26% during the next 3 months and, with a 90% probability hold a price between 28.60€ and 31.29€ at the end of this 3-month period.
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PINR.PA Signals & Forecast
The Lyxor Pea Inde (msci India) Ucits Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 28.55€ and 27.49€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -0.132%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Lyxor Pea Inde (msci India) Ucits Etf ETF
Lyxor Pea Inde (msci India) Ucits Etf finds support from accumulated volume at 28.44€ 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 0.248€ between high and low, or 0.86%. For the last week, the ETF has had daily average volatility of 0.784%.
Our recommended stop-loss: 28.11€ (-2.51%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (PINR.PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lyxor Pea Inde (msci India) Ucits Etf to open at 28.90€, and during the day (based on 14 day Average True Range), to move between 28.48€ and 29.18€, which gives a possible trading interval of +/-0.352€ (+/-1.22%) up or down from last closing price. If Lyxor Pea Inde (msci India) Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 28.87€ (0.13%) than the support at 28.44€ (1.34%), 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 Pea Inde (msci India) Ucits Etf ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Lyxor Pea Inde (msci India) Ucits Etf ETF to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.235 Buy Candidate Downgraded
Predicted Opening Price for Lyxor Pea Inde (msci India) Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 28.90€ ( 0.227%) | 28.83€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PINR.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.14 | 1.09% |
| R2 | 29.05 | 0.758% |
| R1 | 28.99 | 0.555% |
| Price | 28.83 | |
| S1 | 28.80 | -0.102% |
| S2 | 28.74 | -0.305% |
| S3 | 28.65 | -0.634% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 28.87 | 0.132% |
| Price | 28.83 | |
| S1 | 28.44 | -1.34% |
| S2 | 26.28 | -8.84% |
| S3 | 25.78 | -10.59% |
FAQ
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