Lyxor Index Fund - Lyxor Stoxx Europe ETF Forecast
Lyxor Index Fund - Lyxor Stoxx Europe ETF price ended at 101.82€ on Friday, after gaining 0.177%.
(Updated on Jun 28, 2024)
The Lyxor Index Fund - Lyxor Stoxx Europe ETF price gained 0.177% on the last trading day (Friday, 28th Jun 2024), rising from 101.64€ to 101.82€. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.98% from a day low at 101.82€ to a day high of 102.82€. The price has risen in 7 of the last 10 days and is up by 0.77% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 55 thousand more shares were traded than the day before. In total, 55 thousand shares were bought and sold for approximately 5.59€ million.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 8.57% during the next 3 months and, with a 90% probability hold a price between 105.92€ and 115.30€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TNO.MI Signals & Forecast
The Lyxor Index Fund - Lyxor Stoxx Europe 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 101.63€ and 100.54€. A breakdown below any of these levels will issue sell signals. 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 12, 2024, and so far it has fallen -2.64%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Lyxor Index Fund - Lyxor Stoxx Europe ETF
On the downside, the ETF finds support just below today's level from accumulated volume at 93.35€ and 92.69€. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Lyxor Index Fund - Lyxor Stoxx Europe finds support just below today's level at 93.35€. If this is broken, then the next support from accumulated volume will be at 92.69€ and 90.94€.
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 1.00€ between high and low, or 0.98%. For the last week the ETF has had daily average volatility of 1.04%.
Our recommended stop-loss: 96.11€ (-5.61%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (TNO.MI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lyxor Index Fund - Lyxor Stoxx Europe 600 Technology Ucits Etf to open at 102.15€, and during the day (based on 14 day Average True Range), to move between 100.51€ and 103.13€, which gives a possible trading interval of +/-1.31€ (+/-1.29%) up or down from last closing price. If Lyxor Index Fund - Lyxor Stoxx Europe 600 Technology Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 102.82€ (0.98%) than the support at 93.35€ (8.32%), 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 600 Technology 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 Index Fund - Lyxor Stoxx Europe ETF to perform well in the short-term.
Current score: 3.941 Buy Candidate Unchanged
Predicted Opening Price for Lyxor Index Fund - Lyxor Stoxx Europe 600 Technology Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 102.15€ ( 0.327%) | 101.82€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TNO.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 103.15 | 1.31% |
| R2 | 102.77 | 0.93% |
| R1 | 102.54 | 0.703% |
| Price | 101.82 | |
| S1 | 101.77 | -0.0478% |
| S2 | 101.54 | -0.280% |
| S3 | 101.15 | -0.655% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 104.58 | 2.71% |
| R2 | 103.58 | 1.73% |
| R1 | 102.82 | 0.98% |
| Price | 101.82 | |
| S1 | 93.35 | -8.32% |
| S2 | 92.69 | -8.97% |
| S3 | 90.94 | -10.69% |
FAQ
Click here for our free guide on how to buy Lyxor Index Fund - Lyxor Stoxx Europe 600 Technology Ucits Etf ETF.
