Amundi Index Solutions - Amundi Index ETF Forecast

Amundi Index Solutions - Amundi Index ETF upgraded to Strong Buy Candidate.
(Updated on Jun 28, 2024)

AEME.PA Signals & Forecast

The Amundi Index Solutions - Amundi Index 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 66.17€ and 65.28€. 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). Amundi Index Solutions - Amundi Index has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 -0.648%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Thursday, December 07, 2023 in the long-term chart.

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 Index Solutions - Amundi Index ETF

Amundi Index Solutions - Amundi Index finds support from accumulated volume at 63.12€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.323€ between high and low, or 0.488%. For the last week the ETF has had daily average volatility of 0.560%.

Our recommended stop-loss: 63.82€ (-3.67%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (AEME.PA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Index Msci Emerging Markets Ucits Etf Dr to open at 66.32€, and during the day (based on 14 day Average True Range), to move between 65.73€ and 66.77€, which gives a possible trading interval of +/-0.522€ (+/-0.79%) up or down from last closing price. If Amundi Index Solutions - Amundi Index Msci Emerging Markets Ucits Etf Dr takes out the full calculated possible swing range there will be an estimated 1.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 66.33€ (0.13%) than the support at 63.12€ (4.72%), 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 Index Msci Emerging Markets Ucits Etf Dr ETF A Buy?

Amundi Index Solutions - Amundi Index holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.268 Strong Buy Candidate Upgraded

Predicted Opening Price for Amundi Index Solutions - Amundi Index Msci Emerging Markets Ucits Etf Dr of Monday, July 1, 2024

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