Multi-units Luxembourg - Lyxor Inverse ETF Forecast
Stronger technical forecast for Multi-units Luxembourg - Lyxor Inverse ETF price after Wednesday trading.
(Updated on Jun 26, 2024)
The Multi-units Luxembourg - Lyxor Inverse ETF price gained 0.0641% on the last trading day (Wednesday, 26th Jun 2024), rising from 90.55€ to 90.61€. During the last trading day the ETF fluctuated 0.143% from a day low at 90.61€ to a day high of 90.74€. The price has risen in 6 of the last 10 days and is up by 1.54% over the past 2 weeks.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 91.02€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Multi-units Luxembourg - Lyxor Inverse ETF with a 90% probability to be traded between 89.36€ and 91.96€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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UINE.F Signals & Forecast
The Multi-units Luxembourg - Lyxor Inverse 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 90.41€ and 89.19€. 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 Friday, June 14, 2024, and so far it has fallen -0.323%. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Wednesday, June 05, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 06, 2024.
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.
Golden Star
The ETF had a Golden Star Signal on Wednesday, June 05, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 06, 2024.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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Wednesday, June 05, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 06, 2024.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 Multi-units Luxembourg - Lyxor Inverse ETF
Multi-units Luxembourg - Lyxor Inverse finds support from accumulated volume at 88.69€ 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 0.130€ between high and low, or 0.143%. For the last week the ETF has had daily average volatility of 0.167%
Our recommended stop-loss: 87.78€ (-3.12%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (UINE.F) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Multi-units Luxembourg - Lyxor Inverse Us$ 10y Inflation Expectations Ucits Etf to open at 90.65€, and during the day (based on 14 day Average True Range), to move between 90.28€ and 90.94€, which gives a possible trading interval of +/-0.330€ (+/-0.36%) up or down from last closing price. If Multi-units Luxembourg - Lyxor Inverse Us$ 10y Inflation Expectations Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 90.90€ (0.32%) than the support at 88.69€ (2.11%), 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 Multi-units Luxembourg - Lyxor Inverse Us$ 10y Inflation Expectations Ucits Etf ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Multi-units Luxembourg - Lyxor Inverse ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.885 Buy Candidate Upgraded
Predicted Opening Price for Multi-units Luxembourg - Lyxor Inverse Us$ 10y Inflation Expectations Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 90.65€ ( 0.0478%) | 90.61€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UINE.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 90.78 | 0.191% |
| R2 | 90.73 | 0.136% |
| R1 | 90.70 | 0.103% |
| Price | 90.61 | |
| S1 | 90.60 | -0.0070% |
| S2 | 90.57 | -0.0408% |
| S3 | 90.52 | -0.0957% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 90.90 | 0.324% |
| Price | 90.61 | |
| S1 | 88.69 | -2.11% |
| S2 | 88.33 | -2.51% |
| S3 | 88.27 | -2.57% |
FAQ
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