Lyxor Msci Taiwan Ucits Etf - Acc-eur ETF Forecast

Weaker technical forecast for Lyxor Msci Taiwan Ucits Etf - Acc-eur as ETF downgraded to Hold/Accumulate.
(Updated on Jun 26, 2024)

SEMG.L Signals & Forecast

The Lyxor Msci Taiwan Ucits Etf - Acc-eur ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately £4,543.04. On a fall, the ETF will find some support from the long-term average at approximately £4,064.67. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, June 19, 2024, and so far it has fallen -6.80%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Lyxor Msci Taiwan Ucits Etf - Acc-eur ETF

Lyxor Msci Taiwan Ucits Etf - Acc-eur finds support from accumulated volume at £4,275.00 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 £112.70 between high and low, or 2.58%. For the last week, the ETF has had daily average volatility of 2.56%.

Our recommended stop-loss: £4,130.61 (-5.64%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 42 days ago.)

Trading Expectations (SEMG.L) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Lyxor Msci Taiwan Ucits Etf - Acc-eur to open at £4,406.40, and during the day (based on 14 day Average True Range), to move between £4,258.92 and £4,496.08, which gives a possible trading interval of +/-£118.58 (+/-2.71%) up or down from last closing price. If Lyxor Msci Taiwan Ucits Etf - Acc-eur takes out the full calculated possible swing range there will be an estimated 5.42% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £4,275.00 (2.34%) than the resistance at £4,513.25 (3.10%), 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 Msci Taiwan Ucits Etf - Acc-eur ETF A Buy?

Lyxor Msci Taiwan Ucits Etf - Acc-eur 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.365 Hold/Accumulate Downgraded

Predicted Opening Price for Lyxor Msci Taiwan Ucits Etf - Acc-eur of Thursday, June 27, 2024

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