Lyxor Index Fund - Lyxor Stoxx Europe ETF Forecast

Stronger technical forecast for Lyxor Index Fund - Lyxor Stoxx Europe ETF price after Thursday trading.
(Updated on Jun 20, 2024)

SELD.F Signals & Forecast

There are mixed signals in the ETF today. The Lyxor Index Fund - Lyxor Stoxx Europe ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at 16.12€. On a fall, the ETF will find some support from the short-term average at 15.77€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. 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 Friday, June 14, 2024, and so far it has risen 2.41%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Lyxor Index Fund - Lyxor Stoxx Europe ETF

Lyxor Index Fund - Lyxor Stoxx Europe finds support from accumulated volume at 15.52€ 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 0.120€ between high and low, or 0.758%. For the last week the ETF has had daily average volatility of 0.781%

Our recommended stop-loss: 15.06€ (-5.56%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (SELD.F) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Lyxor Index Fund - Lyxor Stoxx Europe Select Dividend 30 Ucits Etf to open at 15.91€, and during the day (based on 14 day Average True Range), to move between 15.80€ and 16.10€, which gives a possible trading interval of +/-0.146€ (+/-0.92%) up or down from last closing price. If Lyxor Index Fund - Lyxor Stoxx Europe Select Dividend 30 Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 16.23€ (1.76%) than the support at 15.52€ (2.70%), 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 Index Fund - Lyxor Stoxx Europe Select Dividend 30 Ucits Etf ETF A Buy?

Lyxor Index Fund - Lyxor Stoxx Europe holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.183 Hold/Accumulate Upgraded

Predicted Opening Price for Lyxor Index Fund - Lyxor Stoxx Europe Select Dividend 30 Ucits Etf of Friday, June 21, 2024

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