Lyxor Index Fund - Lyxor Esg Euro High ETF Forecast

Lyxor Index Fund - Lyxor Esg Euro High ETF downgraded to Hold/Accumulate
(Updated on Jun 19, 2024)

YIEL.L Signals & Forecast

There are few to no technical positive signals at the moment. The Lyxor Index Fund - Lyxor Esg Euro High ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 102.50€ and 102.38€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -0.82%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Friday, April 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, October 31, 2023.

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 Index Fund - Lyxor Esg Euro High ETF

Lyxor Index Fund - Lyxor Esg Euro High finds support from accumulated volume at 102.08€ 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€ between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0511%

Our recommended stop-loss: 97.66€ (-4.36%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (YIEL.L) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Lyxor Index Fund - Lyxor Esg Euro High Yield (dr) Ucits Etf to open at 102.12€, and during the day (based on 14 day Average True Range), to move between 101.88€ and 102.36€, which gives a possible trading interval of +/-0.239€ (+/-0.23%) up or down from last closing price. If Lyxor Index Fund - Lyxor Esg Euro High Yield (dr) Ucits Etf takes out the full calculated possible swing range there will be an estimated 0.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 102.08€ (0.04%) than the resistance at 102.20€ (0.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Lyxor Index Fund - Lyxor Esg Euro High Yield (dr) Ucits Etf ETF A Buy?

Lyxor Index Fund - Lyxor Esg Euro High holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.870 Hold/Accumulate Downgraded

Predicted Opening Price for Lyxor Index Fund - Lyxor Esg Euro High Yield (dr) Ucits Etf of Thursday, June 20, 2024

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