Amundi Index Solutions - Amundi Floating ETF Forecast
Red day on Friday for Amundi Index Solutions - Amundi Floating ETF after losing 0.151%
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi Floating ETF price fell by -0.151% on the last day (Friday, 28th Jun 2024) from 52.94€ to 52.86€. During the last trading day the ETF fluctuated 0.226% from a day low at 52.86€ to a day high of 52.98€. The price has been going up and down for this period, and there has been a -0.08% loss for the last 2 weeks. Volume has increased on the last day by 164 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 177 shares were bought and sold for approximately 9.36€ thousand.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 52.85€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Amundi Index Solutions - Amundi Floating ETF with a 90% probability to be traded between 53.43€ and 53.54€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AFLE.PA Signals & Forecast
A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -0.151%. 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). Amundi Index Solutions - Amundi Floating gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Amundi Index Solutions - Amundi Floating 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 52.87€. On a fall, the ETF will find some support from the long-term average at approximately 52.75€. 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.
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Floating ETF
Amundi Index Solutions - Amundi Floating finds support from accumulated volume at 52.80€ 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 0.120€ between high and low, or 0.226%. For the last week the ETF has had daily average volatility of 0.205%.
Our recommended stop-loss: 50.47€ (-4.53%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (AFLE.PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Floating Rate Usd Corporate Esg to open at 52.90€, and during the day (based on 14 day Average True Range), to move between 52.77€ and 52.95€, which gives a possible trading interval of +/-0.0894€ (+/-0.17%) up or down from last closing price. If Amundi Index Solutions - Amundi Floating Rate Usd Corporate Esg takes out the full calculated possible swing range there will be an estimated 0.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 52.87€ (0.01%) than the support at 52.80€ (0.12%), 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 Floating Rate Usd Corporate Esg ETF A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.678 Buy Candidate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Floating Rate Usd Corporate Esg of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 52.90€ ( 0.0754%) | 52.86€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AFLE.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 53.02 | 0.301% |
| R2 | 52.98 | 0.215% |
| R1 | 52.95 | 0.162% |
| Price | 52.86 | |
| S1 | 52.86 | -0.0110% |
| S2 | 52.83 | -0.0644% |
| S3 | 52.78 | -0.151% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 52.90 | 0.0685% |
| R2 | 52.87 | 0.0225% |
| R1 | 52.87 | 0.0100% |
| Price | 52.86 | |
| S1 | 52.80 | -0.125% |
| S2 | 52.78 | -0.161% |
| S3 | 52.38 | -0.91% |
FAQ
Click here for our free guide on how to buy Amundi Index Solutions - Amundi Floating Rate Usd Corporate Esg ETF.
