(News Bulletin 247) – The tracker (ETF) selected reproduces, without leverage, the variations of the STOXX Europe 600 Banks Net Return EUR index, which includes the largest capitalizations in the banking sector in Europe (including the United Kingdom). An indexing product in full upward trend in the context of a rise in rates, which has a direct impact on the profitability of banking activities. The top 5 capitalizations in the basket are HSBC, BNP-Paribas, Banco Santander, ING Groep, and Nordea Bank.

NB: investors who have followed our recommendation dated January 12 on this same tracker will be able to keep the position, taking care to adjust the stop and the target according to the present elements.

KEY GRAPHIC ELEMENTS

Graphical analysis in daily data of the LYXOR ETF SX6 BANK tracker makes it possible to identify a short-term and medium-term bullish trend, since the formation of a double support at the beginning of October. In terms of trend indicators, the 50-day moving average (in orange) acts as a support for prices. The latter, the background trend line, is in a phase of upward acceleration (progress in the speed of ascent, Vz).

FORECAST

In view of the graphic elements mentioned, the News Bulletin 247 team suggests that active investors take a buying position on the LYXOR ETF SX6 BANK tracker, at the current price, with €28.0000 in their sights. A protective stop should be placed at €21.9900.

The News Bulletin 247 board

TRACKER
Purchase at 23.45 €
Objective :
28.0000 €
Stop:
21.9900 €
Mnemo:
BNK
Transmitter :
Lyxor Asset Management
Underlying:
Dow Jones STOXX 600 Banks
DTH:
No

CHART IN DAILY DATA

Graphic made from the software Prorealtime



function creatOutbrainJs() {
const creatJs = document.createElement(“script”);
creatJs.defer = true;
creatJs.src = “https://widgets.outbrain.com/outbrain.js”;
return document.body.appendChild(creatJs);
}

window.didomiOnReady = window.didomiOnReady || [];

window.didomiOnReady.push(function(Didomi) {
console.log(“Didomi ready “);

Didomi.getObservableOnUserConsentStatusForVendor(164)
.filter(function (status) { return status !== undefined })
.subscribe(function(consentStatus) {
if (consentStatus === false || consentStatus === true) {
console.log(“Didomi consent -> exécution du script outbrain “, consentStatus);
creatOutbrainJs()
}
});

});