The Euro MTS 3-5 year is an Index capitalizing on the coupons of a basket of Bonds with a maturity of three to five years in the Euro zone. This Index is in a steady uptrend, as evidenced by his 3rd attempt at its 200-day moving averagewhich is still directed to the upside.....
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Day By Day – Indipendent Research
| Close price | 165,87 |
| 2 months Opinion | BULLISH |
| 2 weeks Opinion | POSITIVE |
| Resistances | 167,19 / 167,55 pts |
| Supports | 165,8 / 164 pts |
Anticipation :
For the first time in many months, the Index fell below its 200-day moving average. The oscillator (a difference between the 5 and 20 day averages) is also oversold. Moreover, prices have reached the support at 165.80 points, a level representing a 62% retracement of the last bullish impulse. This decline is in many ways too severe, and this downturn is very likely to be followed by a rebound towards the resistance zone at 167.19 to 167.55 points.
We set the invalidation threshold of this positive opinion slightly below the support at 165.80 points.
| Traker’s Name | Leverage | Expense ratio |
| AMUNDI ETF GOVT BOND EUROMTS BROAD 3-5 | x1 | 0,14% |
| iShares x1 € Government Bond 3-5 | x1 | 0,20% |
| JPMORGAN ETF GBI EMU 3-5Y | x1 | 0,15% |
| Lyxor ETF EuroMTS 3-5Y | x1 | 0,17% |
* A leverage of 1 means that the ETF/Tracker has the same performance as the underlying index. A leverage of 2 indicates that the ETF/Tracker will have twice the performance of the underlying index. A leverage of -1 indicates that the ETF/Tracker will perform opposite that of the index: it will rise while the index falls, and vice versa.
DISCAIMER
This publication is solely intended as information and does not constitute any investment advice or an offer, solicitation or recommendation to acquire or dispose of any investment or to engage in any transaction. Althoughthis publicationis issued in good faith, no representation or warranty, express or implied, is or willbe made and no responsibility or liability is or willbe accepted by NYSE Euronext or by any of its officers, employees or agents in relation to the accuracy or completeness of this publicationand any such liability is expressly disclaimed.No information set out or referred to in this publicationshall form the basis of any contract. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by NYSE Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. NYSE Euronext encourages you to reach your own opinion as to whether investments are appropriate or relevant and recommends you not to make any decisions on the basis of the information contained in this publication before checking it, as you will bear full responsibility for any use that you make of it. Persons wishingto trade products available on NYSE Euronextmarkets or wishingto offer such products to third parties are advised, before doing so, to check their legal and regulatory position in the relevant territory and to understand the related risks. All proprietary rights and interest in or connected with this publicationare vested in NYSE Euronext.No part of it may be redistributed or reproduced in any form or by any means or used to make any derivative work (such as translation, transformation, or adaptation) without the prior written permission of NYSE Euronext. NYSE Euronext refers to NYSE Euronext and its affiliates and references to NYSE Euronext in this publication include each and any such company as the context dictates. NYSE EuronextSM, Euronext®, trackers®, are registered marks of NYSE Euronext.
Source: ETFWorld – Day By Day – Indipendent Research
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