Lyxor Us Treasury 10+y (dr) Ucits Etf ETF Forecast

Stronger technical forecast for Lyxor Us Treasury 10+y (dr) Ucits Etf ETF price after Tuesday trading.
(Updated on Jun 25, 2024)

US10.L Signals & Forecast

The Lyxor Us Treasury 10+y (dr) Ucits Etf 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 $106.79. On a fall, the ETF will find some support from the long-term average at approximately $104.13. 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). 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 -0.586%. 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.

Support, Risk & Stop-loss for Lyxor Us Treasury 10+y (dr) Ucits Etf ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $100.76 and $100.44. 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 Us Treasury 10+y (dr) Ucits Etf finds support just below today's level at $100.76. If this is broken, then the next support from accumulated volume will be at $100.44 and $99.89.

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 $0.650 between high and low, or 0.609%. For the last week the ETF has had daily average volatility of 0.539%

Our recommended stop-loss: $103.09 (-3.46%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 39 days ago.)

Trading Expectations (US10.L) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Lyxor Us Treasury 10+y (dr) Ucits Etf Dist to open at $107.01, and during the day (based on 14 day Average True Range), to move between $105.84 and $107.74, which gives a possible trading interval of +/-$0.95 (+/-0.89%) up or down from last closing price. If Lyxor Us Treasury 10+y (dr) Ucits Etf Dist takes out the full calculated possible swing range there will be an estimated 1.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $107.10 (0.29%) than the support at $100.76 (5.65%), 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 Us Treasury 10+y (dr) Ucits Etf Dist 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 Us Treasury 10+y (dr) Ucits Etf ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.

Current score: 1.166 Buy Candidate Upgraded

Predicted Opening Price for Lyxor Us Treasury 10+y (dr) Ucits Etf Dist of Wednesday, June 26, 2024

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