Amundi Index Solutions - Amundi Msci ETF Forecast
Green day on Monday for Amundi Index Solutions - Amundi Msci
(Updated on Jun 24, 2024)
The Amundi Index Solutions - Amundi Msci ETF price gained 0.0795% on the last trading day (Monday, 24th Jun 2024), rising from 5.03€ to 5.04€. During the last trading day the ETF fluctuated 0.799% from a day low at 5.00€ to a day high of 5.04€. The price has risen in 7 of the last 10 days and is up by 2.3% over the past 2 weeks. Volume fell on the last day by -113 thousand shares and in total, 38 thousand shares were bought and sold for approximately 189.68€ 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 6.48% during the next 3 months and, with a 90% probability hold a price between 5.15€ and 5.51€ at the end of this 3-month period.
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AEEM.MI Signals & Forecast
The Amundi Index Solutions - Amundi Msci 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 5.02€ and 4.94€. 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 Wednesday, June 19, 2024, and so far it has fallen -0.513%. 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 Wednesday, June 19, 2024 and based on theory for this formation the price should fall by -11.41% to 4.46€ within 23 trading days since signal was issued (Monday, July 22, 2024).
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Msci ETF
Amundi Index Solutions - Amundi Msci finds support from accumulated volume at 4.94€ 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 0.0400€ between high and low, or 0.799%. For the last week the ETF has had daily average volatility of 0.619%
The Amundi Index Solutions - Amundi Msci ETF is extremely overbought on RSI14 (85). This increases the short-term risk substantially.
Our recommended stop-loss: 4.89€ (-2.86%) (This ETF has low daily movements and this gives low risk. The RSI14 is 85 and this increases the risk substantially. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (AEEM.MI) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Amundi Index Solutions - Amundi Msci Emerging Markets to open at 5.03€, and during the day (based on 14 day Average True Range), to move between 5.00€ and 5.08€, which gives a possible trading interval of +/-0.0424€ (+/-0.84%) up or down from last closing price. If Amundi Index Solutions - Amundi Msci Emerging Markets takes out the full calculated possible swing range there will be an estimated 1.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 5.04€ (0.04%) than the support at 4.94€ (1.86%), 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 Emerging Markets 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 ETF to perform well in the short-term.
Current score: 3.552 Buy Candidate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Msci Emerging Markets of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| 5.03€ ( 0.185%) | 5.04€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AEEM.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.07 | 0.609% |
| R2 | 5.05 | 0.305% |
| R1 | 5.04 | 0.118% |
| Price | 5.04 | |
| S1 | 5.01 | -0.489% |
| S2 | 5.00 | -0.676% |
| S3 | 4.99 | -0.98% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.06 | 0.516% |
| R2 | 5.05 | 0.159% |
| R1 | 5.04 | 0.0397% |
| Price | 5.04 | |
| S1 | 4.94 | -1.86% |
| S2 | 4.70 | -6.71% |
| S3 | 4.68 | -7.11% |
FAQ
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