Amundi Etf Msci Europe Healthcare Ucits ETF Forecast
Amundi Etf Msci Europe Healthcare Ucits ETF price ended at 416.80€ on Wednesday, after losing 0%.
(Updated on Jun 26, 2024)
No changes to the price of Amundi Etf Msci Europe Healthcare Ucits ETF on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at 416.80€ to a day high of 416.80€. The price has been going up and down for this period, and there has been a 2.28% gain for the last 2 weeks.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 8.19% during the next 3 months and, with a 90% probability hold a price between 442.58€ and 460.82€ at the end of this 3-month period.
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18M6.F Signals & Forecast
The Amundi Etf Msci Europe Healthcare Ucits ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 416.80€ and 409.92€. A breakdown below any of these levels will issue sell signals. 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 Tuesday, June 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Thursday, April 11, 2024 in the short-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
The ETF had a Golden Star Signal on Thursday, April 11, 2024 in the short-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.
Support, Risk & Stop-loss for Amundi Etf Msci Europe Healthcare Ucits ETF
Amundi Etf Msci Europe Healthcare Ucits finds support from accumulated volume at 415.65€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved 0€ between high and low, or 0%. For the last week the ETF has had daily average volatility of 0%
Our recommended stop-loss: 400.04€ (-4.02%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (18M6.F) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Amundi Etf Msci Europe Healthcare Ucits Etf to open at 416.80€, and during the day (based on 14 day Average True Range), to move between 414.65€ and 418.95€, which gives a possible trading interval of +/-2.15€ (+/-0.52%) up or down from last closing price. If Amundi Etf Msci Europe Healthcare Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 417.25€ (0.11%) than the support at 415.65€ (0.28%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Amundi Etf Msci Europe Healthcare Ucits Etf ETF A Buy?
Amundi Etf Msci Europe Healthcare Ucits 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Amundi Etf Msci Europe Healthcare Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 416.80€ ( 0%) | 416.80€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 18M6.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 416.80 | - |
| R2 | 416.80 | - |
| R1 | 416.80 | - |
| Price | 416.80 | |
| S1 | 416.80 | - |
| S2 | 416.80 | - |
| S3 | 416.80 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 417.25 | 0.108% |
| Price | 416.80 | |
| S1 | 415.65 | -0.276% |
| S2 | 414.95 | -0.444% |
| S3 | 392.35 | -5.87% |
FAQ
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