Amundi Index Solutions - Amundi Euro ETF Forecast
Amundi Index Solutions - Amundi Euro ETF upgraded to Hold/Accumulate.
(Updated on Jun 26, 2024)
The Amundi Index Solutions - Amundi Euro ETF price gained 0.0381% on the last trading day (Wednesday, 26th Jun 2024), rising from 239.88€ to 239.97€. During the last trading day the ETF fluctuated 0.177% from a day low at 239.59€ to a day high of 240.01€. The price has risen in 6 of the last 10 days but is still down by -0.13% for this period. Volume fell on the last day by -95 shares and in total, 803 shares were bought and sold for approximately 192.69€ 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 is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Amundi Index Solutions - Amundi Euro ETF with a 90% probability to be traded between 238.55€ and 240.72€ 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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AHYE.PA Signals & Forecast
The Amundi Index Solutions - Amundi Euro ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 239.73€ and 239.81€. A breakdown below any of these levels will issue sell signals. 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 Monday, June 24, 2024, and so far it has fallen -0.0073%. 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 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. The ETF had a Golden Star Signal on Friday, June 21, 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 Friday, June 21, 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.
A sell signal from a double top formation was found on Monday, June 24, 2024 and based on theory for this formation the price should fall by -0.640% to 238.44€ within 12 trading days since signal was issued (Wednesday, July 10, 2024).
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Euro ETF
Amundi Index Solutions - Amundi Euro finds support from accumulated volume at 239.88€ 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 0.424€ between high and low, or 0.177%. For the last week the ETF has had daily average volatility of 0.161%
Our recommended stop-loss: 224.90€ (-6.28%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (AHYE.PA) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Amundi Index Solutions - Amundi Euro High Yield Bond Esg to open at 239.86€, and during the day (based on 14 day Average True Range), to move between 239.27€ and 240.66€, which gives a possible trading interval of +/-0.696€ (+/-0.29%) up or down from last closing price. If Amundi Index Solutions - Amundi Euro High Yield Bond Esg takes out the full calculated possible swing range there will be an estimated 0.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 239.99€ (0.01%) than the support at 239.88€ (0.04%), 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 Euro High Yield Bond Esg ETF A Buy?
Amundi Index Solutions - Amundi Euro 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: 0.044 Hold/Accumulate Upgraded
Predicted Opening Price for Amundi Index Solutions - Amundi Euro High Yield Bond Esg of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 239.86€ ( 0.0468%) | 239.97€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AHYE.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 240.28 | 0.130% |
| R2 | 240.12 | 0.0626% |
| R1 | 240.02 | 0.0208% |
| Price | 239.97 | |
| S1 | 239.69 | -0.114% |
| S2 | 239.59 | -0.156% |
| S3 | 239.43 | -0.224% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 240.32 | 0.148% |
| R2 | 240.10 | 0.0536% |
| R1 | 239.99 | 0.0073% |
| Price | 239.97 | |
| S1 | 239.88 | -0.0381% |
| S2 | 239.77 | -0.0824% |
| S3 | 238.95 | -0.423% |
FAQ
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