Lyxor Net Zero 2050 S&p Eurozone Climate ETF Forecast

Lyxor Net Zero 2050 S&p Eurozone Climate ETF upgraded to Buy Candidate.
(Updated on Jun 25, 2024)

ZPAB.F Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.82%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lyxor Net Zero 2050 S&p Eurozone Climate ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at 31.02€. On a fall, the ETF will find some support from the short-term average at 30.54€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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.

Support, Risk & Stop-loss for Lyxor Net Zero 2050 S&p Eurozone Climate ETF

Lyxor Net Zero 2050 S&p Eurozone Climate finds support from accumulated volume at 30.35€ 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 0.0700€ between high and low, or 0.228%. For the last week the ETF has had daily average volatility of 0.334%

Our recommended stop-loss: 28.91€ (-5.85%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)

Trading Expectations (ZPAB.F) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Lyxor Net Zero 2050 S&p Eurozone Climate Pab (dr) Ucits Etf-acc to open at 30.68€, and during the day (based on 14 day Average True Range), to move between 30.44€ and 30.97€, which gives a possible trading interval of +/-0.266€ (+/-0.87%) up or down from last closing price. If Lyxor Net Zero 2050 S&p Eurozone Climate Pab (dr) Ucits Etf-acc takes out the full calculated possible swing range there will be an estimated 1.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 30.35€ (1.16%) than the resistance at 31.18€ (1.53%), 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 Net Zero 2050 S&p Eurozone Climate Pab (dr) Ucits Etf-acc 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 Net Zero 2050 S&p Eurozone Climate ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.132 Buy Candidate Upgraded

Predicted Opening Price for Lyxor Net Zero 2050 S&p Eurozone Climate Pab (dr) Ucits Etf-acc of Wednesday, June 26, 2024

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