Lyxor Msci World Information Technology ETF Forecast

Lyxor Msci World Information Technology ETF price ended at 811.44€ on Friday, after gaining 0.96%.
(Updated on Jun 28, 2024)

TNOW.PA Signals & Forecast

The Lyxor Msci World Information Technology 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 806.51€ and 776.06€. 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 Wednesday, June 19, 2024, and so far it has fallen -1.56%. Further fall is indicated until a new bottom pivot has been found. 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 also not.

Support, Risk & Stop-loss for Lyxor Msci World Information Technology ETF

Lyxor Msci World Information Technology finds support from accumulated volume at 808.68€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved 8.22€ between high and low, or 1.02%. For the last week the ETF has had daily average volatility of 1.32%.

Our recommended stop-loss: 786.61€ (-3.06%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 20 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Lyxor Msci World Information Technology Tr Ucits Etf to open at 812.81€, and during the day (based on 14 day Average True Range), to move between 799.66€ and 823.22€, which gives a possible trading interval of +/-11.78€ (+/-1.45%) up or down from last closing price. If Lyxor Msci World Information Technology Tr Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 811.53€ (0.01%) than the support at 808.68€ (0.34%), 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 Msci World Information Technology Tr 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 Msci World Information Technology ETF to perform well in the short-term.

Current score: 1.643 Buy Candidate Unchanged

Predicted Opening Price for Lyxor Msci World Information Technology Tr Ucits Etf of Monday, July 1, 2024

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