L&g Artificial Intelligence Ucits Etf ETF Forecast

L&g Artificial Intelligence Ucits Etf ETF price ended at 18.62€ on Friday, after gaining 1.43%.
(Updated on Jun 28, 2024)

XMLD.F Signals & Forecast

Mostly positive signals in the chart today. The L&g Artificial Intelligence Ucits Etf 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 18.25€ and 17.88€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 13.26%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). L&g Artificial Intelligence Ucits Etf has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The ETF had a Golden Star Signal on Monday, October 09, 2023 in the long-term chart.

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 L&g Artificial Intelligence Ucits Etf ETF

On the downside, the ETF finds support just below today's level from accumulated volume at 17.63€ and 16.92€. 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, L&g Artificial Intelligence Ucits Etf finds support just below today's level at 17.63€. If this is broken, then the next support from accumulated volume will be at 16.92€ and 16.83€.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved 0.166€ (0.89%) between high and low. For the last week, the ETF has had daily average volatility of 0.89%.

The L&g Artificial Intelligence Ucits Etf ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the ETF manages to break the trend before that occurs.

Our recommended stop-loss: 17.98€ (-3.42%) (This ETF has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 82 days ago.)

Trading Expectations (XMLD.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect L&g Artificial Intelligence Ucits Etf to open at 18.64€, and during the day (based on 14 day Average True Range), to move between 18.41€ and 18.83€, which gives a possible trading interval of +/-0.213€ (+/-1.14%) up or down from last closing price. If L&g Artificial Intelligence Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.29% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 17.63€, some 0.99€ (5.32%) from the current price of 18.62€, our system finds the risk reward attractive.

Is L&g Artificial Intelligence 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 L&g Artificial Intelligence Ucits Etf ETF to perform well in the short-term.

Current score: 4.382 Buy Candidate Unchanged

Predicted Opening Price for L&g Artificial Intelligence Ucits Etf of Monday, July 1, 2024

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