Amundi Index Solutions - Amundi Index ETF Forecast
Amundi Index Solutions - Amundi Index ETF downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi Index ETF price fell by -0.223% on the last day (Friday, 28th Jun 2024) from 45.77€ to 45.67€. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.392% from a day low at 45.67€ to a day high of 45.85€. The price has fallen in 7 of the last 10 days and is down by -1.16% for this period. Volume has increased on the last day by 8 thousand 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, 8 thousand shares were bought and sold for approximately 349.30€ thousand.
The ETF is moving within a narrow and 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 45.11€ and 46.36€ 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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10AK.F Signals & Forecast
The Amundi Index Solutions - Amundi Index ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately 45.89€. On a fall, the ETF will find some support from the long-term average at approximately 45.53€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -1.16%. 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 ETF had a Golden Star Signal on Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, November 28, 2023.
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
The ETF had a Golden Star Signal on Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, November 28, 2023.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 Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, November 28, 2023.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.
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Index ETF
Amundi Index Solutions - Amundi Index finds support from accumulated volume at 45.64€ 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 0.179€ between high and low, or 0.392%. For the last week the ETF has had daily average volatility of 0.313%.
Our recommended stop-loss: 44.34€ (-2.91%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (10AK.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Index J.p. Morgan Gbi Global Govies to open at 45.73€, and during the day (based on 14 day Average True Range), to move between 45.52€ and 45.82€, which gives a possible trading interval of +/-0.150€ (+/-0.33%) up or down from last closing price. If Amundi Index Solutions - Amundi Index J.p. Morgan Gbi Global Govies takes out the full calculated possible swing range there will be an estimated 0.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 45.64€ (0.07%) than the resistance at 45.84€ (0.37%), 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 J.p. Morgan Gbi Global Govies ETF A Buy?
Amundi Index Solutions - Amundi Index holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.474 Hold/Accumulate Downgraded
Predicted Opening Price for Amundi Index Solutions - Amundi Index J.p. Morgan Gbi Global Govies of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 45.73€ ( 0.131%) | 45.67€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 10AK.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 45.91 | 0.523% |
| R2 | 45.84 | 0.373% |
| R1 | 45.80 | 0.280% |
| Price | 45.67 | |
| S1 | 45.66 | -0.0191% |
| S2 | 45.62 | -0.112% |
| S3 | 45.55 | -0.261% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.21 | 1.17% |
| R2 | 46.03 | 0.773% |
| R1 | 45.84 | 0.368% |
| Price | 45.67 | |
| S1 | 45.64 | -0.0701% |
| S2 | 45.38 | -0.639% |
| S3 | 45.27 | -0.88% |
FAQ
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