Amundi Index Solutions - Amundi Msci Em ETF Forecast
Green day on Wednesday for Amundi Index Solutions - Amundi Msci Em ETF after gaining 0.342%
(Updated on Jun 26, 2024)
The Amundi Index Solutions - Amundi Msci Em ETF price gained 0.342% on the last trading day (Wednesday, 26th Jun 2024), rising from £3,110.00 to £3,120.65. During the last trading day the ETF fluctuated 0.542% from a day low at £3,120.65 to a day high of £3,137.57. The price has risen in 6 of the last 10 days and is up by 2.75% over the past 2 weeks. Volume fell on the last day by -29 shares and in total, 115 shares were bought and sold for approximately £358.88 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 middle of a 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 7.55% during the next 3 months and, with a 90% probability hold a price between £3,247.38 and £3,471.58 at the end of this 3-month period.
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AASG.L Signals & Forecast
The Amundi Index Solutions - Amundi Msci Em 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 £3,116.66 and £3,072.62. 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 Friday, June 21, 2024, and so far it has fallen -0.442%. 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.
A sell signal from a double top formation was found on Friday, June 21, 2024 and based on theory for this formation the price should fall by -8.48% to £2,855.92 within 18 trading days since signal was issued (Wednesday, July 17, 2024).
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Msci Em ETF
Amundi Index Solutions - Amundi Msci Em finds support from accumulated volume at £2,981.50 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 £16.92 between high and low, or 0.542%. For the last week the ETF has had daily average volatility of 0.220%
Our recommended stop-loss: £3,016.43 (-3.34%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (AASG.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Amundi Index Solutions - Amundi Msci Em Asia Ucits Etf-c Usd to open at £3,126.29, and during the day (based on 14 day Average True Range), to move between £3,095.39 and £3,145.90, which gives a possible trading interval of +/-£25.26 (+/-0.81%) up or down from last closing price. If Amundi Index Solutions - Amundi Msci Em Asia Ucits Etf-c Usd takes out the full calculated possible swing range there will be an estimated 1.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £3,126.75 (0.20%) than the support at £2,981.50 (4.46%), 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 Msci Em Asia Ucits Etf-c Usd 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 Msci Em ETF to perform well in the short-term.
Current score: 4.163 Buy Candidate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Msci Em Asia Ucits Etf-c Usd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| £3,126.29 ( 0.181%) | £3,120.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AASG.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,143.20 | 0.723% |
| R2 | 3,136.74 | 0.516% |
| R1 | 3,132.75 | 0.388% |
| Price | 3,120.65 | |
| S1 | 3,119.82 | -0.0264% |
| S2 | 3,115.83 | -0.154% |
| S3 | 3,109.37 | -0.361% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,141.25 | 0.660% |
| R2 | 3,134.50 | 0.444% |
| R1 | 3,126.75 | 0.196% |
| Price | 3,120.65 | |
| S1 | 2,981.50 | -4.46% |
| S2 | 2,977.00 | -4.60% |
| S3 | 2,926.00 | -6.24% |
FAQ
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