Amundi Etf Stoxx Europe 50 Ucits Etf ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Amundi Etf Stoxx Europe 50 Ucits Etf ETF upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Amundi Etf Stoxx Europe 50 Ucits Etf ETF price fell by -0.134% on the last day (Friday, 28th Jun 2024) from 119.60€ to 119.44€. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.519% from a day low at 119.44€ to a day high of 120.06€. The price has been going up and down for this period, and there has been a 0.5% gain for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -2 thousand shares and in total, 201 shares were bought and sold for approximately 24.01€ thousand.
The ETF lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 119.32€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 5.93% during the next 3 months and, with a 90% probability hold a price between 126.40€ and 130.68€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AE50.F Signals & Forecast
There are few to no technical positive signals at the moment. The Amundi Etf Stoxx Europe 50 Ucits Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 120.19€ and 119.90€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -1.76%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Monday, April 22, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, September 08, 2023.
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 Monday, April 22, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, September 08, 2023.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 12 Months
The ETF had a Golden Star Signal on Monday, April 22, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, September 08, 2023.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 Stoxx Europe 50 Ucits Etf ETF
Amundi Etf Stoxx Europe 50 Ucits Etf finds support from accumulated volume at 119.08€ 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 0.620€ between high and low, or 0.519%. For the last week the ETF has had daily average volatility of 0.88%
Our recommended stop-loss: 114.36€ (-4.25%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (AE50.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Etf Stoxx Europe 50 Ucits Etf to open at 119.65€, and during the day (based on 14 day Average True Range), to move between 118.42€ and 120.46€, which gives a possible trading interval of +/-1.02€ (+/-0.85%) up or down from last closing price. If Amundi Etf Stoxx Europe 50 Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 119.58€ (0.12%) than the support at 119.08€ (0.30%), 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 Stoxx Europe 50 Ucits Etf ETF A Buy?
Amundi Etf Stoxx Europe 50 Ucits Etf holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.144 Hold/Accumulate Upgraded
Predicted Opening Price for Amundi Etf Stoxx Europe 50 Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 119.65€ ( 0.173%) | 119.44€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AE50.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 120.27 | 0.692% |
| R2 | 120.03 | 0.494% |
| R1 | 119.88 | 0.371% |
| Price | 119.44 | |
| S1 | 119.41 | -0.0253% |
| S2 | 119.26 | -0.148% |
| S3 | 119.03 | -0.346% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 120.74 | 1.09% |
| R2 | 119.88 | 0.368% |
| R1 | 119.58 | 0.117% |
| Price | 119.44 | |
| S1 | 119.08 | -0.301% |
| S2 | 118.84 | -0.502% |
| S3 | 113.64 | -4.86% |
FAQ
Click here for our free guide on how to buy Amundi Etf Stoxx Europe 50 Ucits Etf ETF.
