(News Bulletin 247) – The Tradingsat.com team of analysts offers the portfolio of an original product, and not without interest: it is a tracker (ETF) which allows you to surf the ‘water ! More seriously, this financial product eligible for SRD and life insurance makes it possible to replicate the World Water Index evolution. This index, a true global benchmark for the water sector, is made up of the thirty largest companies in this field of activity. Note that the “Water” sector (or rather the theme) is understood here in the broad sense, and includes distribution, infrastructure (pipes, pumps, etc.) and water treatment. The ESG (Environment, Social, Governance) metric can be consulted on the issuer’s website.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data of the LYXOR ETF W WATER tracker makes it possible to identify an upward trend in the short term as well as in the medium term. In terms of trend indicators, the 20-day moving average (in dark blue) acts as support for prices. This trendline intersected its 50-day counterpart (in orange) on November 17 at a sharp angle. There is currently no sign of slowing down in the price progression.
FORECAST
In view of the graphic elements mentioned, the News Bulletin 247 team suggests that active investors take a purchasing position on the LYXOR ETF W WATER tracker, at the current price, with €67,0000 in their sights. A protective stop must be placed at €57,2000.
News Bulletin 247 advice
DAILY DATA CHART
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
