Lyxor Global Green Bond 1-10y (dr) Ucits ETF Forecast

Lyxor Global Green Bond 1-10y (dr) Ucits ETF price down 0.126% on Wednesday
(Updated on Jun 26, 2024)

XCO2.F Signals & Forecast

The Lyxor Global Green Bond 1-10y (dr) Ucits 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 18.19€. On a fall, the ETF will find some support from the long-term average at approximately 18.07€. 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 -0.220%. Further fall is indicated until a new bottom pivot has been found. Lyxor Global Green Bond 1-10y (dr) Ucits gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Tuesday, June 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, May 16, 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 Lyxor Global Green Bond 1-10y (dr) Ucits ETF

Lyxor Global Green Bond 1-10y (dr) Ucits finds support from accumulated volume at 18.09€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.0485€ between high and low, or 0.267%. For the last week the ETF has had daily average volatility of 0.224%.

Our recommended stop-loss: 17.69€ (-2.68%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)

Trading Expectations (XCO2.F) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Lyxor Global Green Bond 1-10y (dr) Ucits Etf - Acc to open at 18.18€, and during the day (based on 14 day Average True Range), to move between 18.12€ and 18.25€, which gives a possible trading interval of +/-0.0669€ (+/-0.37%) up or down from last closing price. If Lyxor Global Green Bond 1-10y (dr) Ucits Etf - Acc takes out the full calculated possible swing range there will be an estimated 0.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 18.21€ (0.13%) than the support at 18.09€ (0.51%), 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 Global Green Bond 1-10y (dr) Ucits Etf - Acc ETF A Buy?

Lyxor Global Green Bond 1-10y (dr) Ucits holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.891 Hold/Accumulate Unchanged

Predicted Opening Price for Lyxor Global Green Bond 1-10y (dr) Ucits Etf - Acc of Thursday, June 27, 2024

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