Amundi Index Solutions - Amundi Floating ETF Forecast
Green day on Friday for Amundi Index Solutions - Amundi Floating ETF after gaining 0.0555%
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi Floating ETF price gained 0.0555% on the last trading day (Friday, 28th Jun 2024), rising from 106.13€ to 106.19€. During the last trading day the ETF fluctuated 0.185% from a day low at 106.03€ to a day high of 106.23€. The price has risen in 6 of the last 10 days and is up by 0.24% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 thousand more shares were traded than the day before. In total, 19 thousand shares were bought and sold for approximately 2.05€ million.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 106.21€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Amundi Index Solutions - Amundi Floating ETF with a 90% probability to be traded between 106.47€ and 106.63€ 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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AFRN.PA Signals & Forecast
Mostly positive signals in the chart today. The Amundi Index Solutions - Amundi Floating 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 106.11€ and 105.93€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.268%. Further rise is indicated until a new top pivot has been found. 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. The ETF had a Golden Star Signal on Wednesday, June 05, 2024 in the short-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.
Golden Star
The ETF had a Golden Star Signal on Wednesday, June 05, 2024 in the short-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 Floating ETF
Amundi Index Solutions - Amundi Floating finds support from accumulated volume at 105.83€ 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 0.196€ between high and low, or 0.185%. For the last week the ETF has had daily average volatility of 0.129%.
Our recommended stop-loss: 98.80€ (-6.96%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (AFRN.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 Euro Corporate Esg to open at 106.15€, and during the day (based on 14 day Average True Range), to move between 106.04€ and 106.34€, which gives a possible trading interval of +/-0.149€ (+/-0.14%) up or down from last closing price. If Amundi Index Solutions - Amundi Floating Rate Euro Corporate Esg takes out the full calculated possible swing range there will be an estimated 0.28% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 105.83€, some 0.363€ (0.34%) from the current price of 106.19€, our system finds the risk reward attractive.
Is Amundi Index Solutions - Amundi Floating Rate Euro Corporate Esg ETF A Buy?
Several short-term signals 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 Floating ETF to perform well in the short-term period.
Current score: 4.933 Buy Candidate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Floating Rate Euro Corporate Esg of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 106.15€ ( 0.0377%) | 106.19€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AFRN.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 106.35 | 0.147% |
| R2 | 106.27 | 0.0765% |
| R1 | 106.23 | 0.0329% |
| Price | 106.19 | |
| S1 | 106.08 | -0.108% |
| S2 | 106.03 | -0.152% |
| S3 | 105.96 | -0.222% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 106.19 | |
| S1 | 105.83 | -0.342% |
| S2 | 105.81 | -0.361% |
| S3 | 105.75 | -0.415% |
FAQ
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