Amundi Etf Leveraged Msci Usa Daily ETF Forecast
Amundi Etf Leveraged Msci Usa Daily ETF upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)
The Amundi Etf Leveraged Msci Usa Daily ETF price gained 0.442% on the last trading day (Wednesday, 26th Jun 2024), rising from 20.36€ to 20.45€. During the last trading day the ETF fluctuated 0.88% from a day low at 20.42€ to a day high of 20.60€. The price has risen in 7 of the last 10 days and is up by 3.81% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 34 thousand shares were bought and sold for approximately 695.64€ thousand.
The ETF lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 20.72€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 12.30% during the next 3 months and, with a 90% probability hold a price between 21.07€ and 23.26€ at the end of this 3-month period.
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18MF.F Signals & Forecast
The Amundi Etf Leveraged Msci Usa Daily 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 20.44€ and 19.24€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Amundi Etf Leveraged Msci Usa Daily has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Thursday, June 20, 2024, and so far it has fallen -0.608%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Amundi Etf Leveraged Msci Usa Daily ETF
Amundi Etf Leveraged Msci Usa Daily finds support from accumulated volume at 20.15€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved 0.180€ between high and low, or 0.88%. For the last week, the ETF has had daily average volatility of 1.00%.
The Amundi Etf Leveraged Msci Usa Daily ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.
Our recommended stop-loss: 19.73€ (-3.50%) (This ETF has medium daily movements and this gives medium risk. The RSI14 is 89 and this increases the risk substantially. There is a sell signal from a pivot top found 43 days ago.)
Trading Expectations (18MF.F) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Amundi Etf Leveraged Msci Usa Daily Ucits Etf to open at 20.49€, and during the day (based on 14 day Average True Range), to move between 20.19€ and 20.70€, which gives a possible trading interval of +/-0.259€ (+/-1.27%) up or down from last closing price. If Amundi Etf Leveraged Msci Usa Daily Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 20.46€ (0.07%) than the support at 20.15€ (1.44%), 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 Leveraged Msci Usa Daily Ucits Etf ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Amundi Etf Leveraged Msci Usa Daily ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.649 Buy Candidate Upgraded
Predicted Opening Price for Amundi Etf Leveraged Msci Usa Daily Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 20.49€ ( 0.196%) | 20.45€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 18MF.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.67 | 1.08% |
| R2 | 20.60 | 0.740% |
| R1 | 20.55 | 0.532% |
| Price | 20.45 | |
| S1 | 20.42 | -0.141% |
| S2 | 20.37 | -0.348% |
| S3 | 20.31 | -0.685% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 20.57 | 0.611% |
| R1 | 20.46 | 0.0734% |
| Price | 20.45 | |
| S1 | 20.15 | -1.44% |
| S2 | 18.47 | -9.66% |
| S3 | 18.26 | -10.69% |
FAQ
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