Amundi Index Solutions - Amundi ETF Forecast
Stronger technical forecast for Amundi Index Solutions - Amundi ETF price after Friday trading.
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi ETF price gained 0.741% on the last trading day (Friday, 28th Jun 2024), rising from 209.10€ to 210.65€. During the last trading day the ETF fluctuated 0.93% from a day low at 210.40€ to a day high of 212.35€. The price has risen in 7 of the last 10 days and is up by 1.2% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 4 thousand shares were bought and sold for approximately 748.23€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the upper part of a 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 213.52€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 12.68% during the next 3 months and, with a 90% probability hold a price between 224.35€ and 240.60€ at the end of this 3-month period.
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6AQQ.F Signals & Forecast
The Amundi Index Solutions - Amundi 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 209.56€ and 200.79€. 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). 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 -0.260%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi ETF
On the downside, the ETF finds support just below today's level from accumulated volume at 189.36€ and 185.04€. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Amundi Index Solutions - Amundi finds support just below today's level at 189.36€. If this is broken, then the next support from accumulated volume will be at 185.04€ and 182.70€.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved 1.95€ between high and low, or 0.93%. For the last week the ETF has had daily average volatility of 0.88%.
Our recommended stop-loss: 204.15€ (-3.09%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (6AQQ.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Nasdaq-100 to open at 211.13€, and during the day (based on 14 day Average True Range), to move between 208.64€ and 212.66€, which gives a possible trading interval of +/-2.01€ (+/-0.96%) up or down from last closing price. If Amundi Index Solutions - Amundi Nasdaq-100 takes out the full calculated possible swing range there will be an estimated 1.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 211.05€ (0.19%) than the support at 189.36€ (10.11%), 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 Index Solutions - Amundi Nasdaq-100 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 Index Solutions - Amundi 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: 2.650 Buy Candidate Upgraded
Predicted Opening Price for Amundi Index Solutions - Amundi Nasdaq-100 of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 211.13€ ( 0.229%) | 210.65€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 6AQQ.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 213.08 | 1.16% |
| R2 | 212.34 | 0.80% |
| R1 | 211.88 | 0.583% |
| Price | 210.65 | |
| S1 | 210.39 | -0.124% |
| S2 | 209.93 | -0.343% |
| S3 | 209.18 | -0.696% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 211.20 | 0.261% |
| R1 | 211.05 | 0.190% |
| Price | 210.65 | |
| S1 | 189.36 | -10.11% |
| S2 | 185.04 | -12.16% |
| S3 | 182.70 | -13.27% |
FAQ
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