Amundi Index Solutions - Amundi Index ETF Forecast
Weaker technical forecast for Amundi Index Solutions - Amundi Index as ETF downgraded to Sell Candidate.
(Updated on Jun 26, 2024)
The Amundi Index Solutions - Amundi Index ETF price fell by -0.0198% on the last day (Wednesday, 26th Jun 2024) from 50.40€ to 50.39€. During the last trading day the ETF fluctuated 0.516% from a day low at 50.34€ to a day high of 50.60€. The price has been going up and down for this period, and there has been a -0.83% loss for the last 2 weeks. Volume has increased on the last day by 57 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 172 shares were bought and sold for approximately 8.67€ thousand.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Amundi Index Solutions - Amundi Index ETF with a 90% probability to be traded between 49.37€ and 52.03€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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10AJ.F Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Amundi Index Solutions - Amundi Index 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 50.56€ and 50.43€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -1.31%. Further fall is indicated until a new bottom pivot has been found. Amundi Index Solutions - Amundi Index gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Tuesday, August 29, 2023 in the long-term chart.
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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Tuesday, August 29, 2023 in the long-term chart.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.
A sell signal from a double top formation was found on Monday, June 24, 2024 and based on theory for this formation the price should fall by -3.84% to 48.46€ within 27 trading days since signal was issued (Wednesday, July 31, 2024).
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Index ETF
Amundi Index Solutions - Amundi Index finds support from accumulated volume at 50.32€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.260€ between high and low, or 0.516%. For the last week the ETF has had daily average volatility of 0.729%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (10AJ.F) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Amundi Index Solutions - Amundi Index Ftse Epra Nareit Global to open at 50.44€, and during the day (based on 14 day Average True Range), to move between 49.97€ and 50.81€, which gives a possible trading interval of +/-0.423€ (+/-0.84%) up or down from last closing price. If Amundi Index Solutions - Amundi Index Ftse Epra Nareit Global takes out the full calculated possible swing range there will be an estimated 1.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 50.32€ (0.14%) than the resistance at 50.49€ (0.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Amundi Index Solutions - Amundi Index Ftse Epra Nareit Global ETF A Buy?
Amundi Index Solutions - Amundi Index holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.432 Sell Candidate Downgraded
Predicted Opening Price for Amundi Index Solutions - Amundi Index Ftse Epra Nareit Global of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 50.44€ ( 0.106%) | 50.39€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 10AJ.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 50.70 | 0.622% |
| R2 | 50.60 | 0.425% |
| R1 | 50.54 | 0.303% |
| Price | 50.39 | |
| S1 | 50.34 | -0.0913% |
| S2 | 50.28 | -0.213% |
| S3 | 50.18 | -0.410% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 51.26 | 1.73% |
| R2 | 50.71 | 0.635% |
| R1 | 50.49 | 0.198% |
| Price | 50.39 | |
| S1 | 50.32 | -0.139% |
| S2 | 50.14 | -0.496% |
| S3 | 49.63 | -1.51% |
10AJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 12, 2023 | Dec 12, 2023 | Dec 14, 2023 | 1.54€ | 0% |
| 2 | Nov 08, 2022 | Nov 08, 2022 | Nov 10, 2022 | 1.61€ | 0% |
| 3 | Nov 16, 2021 | Nov 16, 2021 | Nov 18, 2021 | 1.38€ | 0% |
| 4 | Nov 25, 2020 | Nov 25, 2020 | Nov 27, 2020 | 1.50€ | 0% |
| 5 | Nov 25, 2019 | Nov 25, 2019 | Nov 27, 2019 | 1.75€ | 0% |
FAQ
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