Lyxor S&p 500 Ucits Etf ETF Forecast

Lyxor S&p 500 Ucits Etf ETF upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)

SP5C.PA Signals & Forecast

Mostly positive signals in the chart today. The Lyxor S&p 500 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 363.12€ and 352.07€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 10.14%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. The ETF had a Golden Star Signal on Wednesday, April 24, 2024 in the short-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 S&p 500 Ucits Etf ETF

Lyxor S&p 500 Ucits Etf finds support from accumulated volume at 362.90€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved 2.13€ (0.585%) between high and low. For the last week, the ETF has had daily average volatility of 0.467%.

The Lyxor S&p 500 Ucits Etf ETF is extremely overbought on RSI14 (88). This increases the short-term risk substantially.

Our recommended stop-loss: 354.38€ (-2.74%) (This ETF has low daily movements and this gives low risk. The RSI14 is 88 and this increases the risk substantially. There is a buy signal from a pivot bottom found 63 days ago.)

Trading Expectations (SP5C.PA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Lyxor S&p 500 Ucits Etf to open at 364.87€, and during the day (based on 14 day Average True Range), to move between 362.07€ and 366.65€, which gives a possible trading interval of +/-2.29€ (+/-0.63%) up or down from last closing price. If Lyxor S&p 500 Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.26% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 362.90€, some 1.46€ (0.40%) from the current price of 364.36€, our system finds the risk reward attractive.

Is Lyxor S&p 500 Ucits Etf ETF A Buy?

Lyxor S&p 500 Ucits Etf holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.749 Strong Buy Candidate Upgraded

Predicted Opening Price for Lyxor S&p 500 Ucits Etf of Monday, July 1, 2024

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