Amundi Index Solutions - Amundi Msci Em ETF Forecast

Green day on Wednesday for Amundi Index Solutions - Amundi Msci Em
(Updated on Jun 26, 2024)

AASU.L Signals & Forecast

The Amundi Index Solutions - Amundi Msci Em 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 $39.71. On a fall, the ETF will find some support from the long-term average at approximately $39.18. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, June 19, 2024, and so far it has fallen -1.79%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Msci Em ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $37.21 and $36.92. 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 Msci Em finds support just below today's level at $37.21. If this is broken, then the next support from accumulated volume will be at $36.92 and $36.64.

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 $0.280 between high and low, or 0.711%. For the last week the ETF has had daily average volatility of 0.324%.

Our recommended stop-loss: $37.89 (-3.93%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (AASU.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 $39.53, and during the day (based on 14 day Average True Range), to move between $39.07 and $39.81, which gives a possible trading interval of +/-$0.369 (+/-0.94%) 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 1.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $39.53 (0.22%) than the support at $37.21 (5.66%), 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: 2.128 Buy Candidate Unchanged

Predicted Opening Price for Amundi Index Solutions - Amundi Msci Em Asia Ucits Etf-c Usd of Thursday, June 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.