Amundi Index Solutions - Amundi Euro ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Amundi Index Solutions - Amundi Euro ETF price up 0.0073% on Friday
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi Euro ETF price gained 0.0073% on the last trading day (Friday, 28th Jun 2024), rising from 239.95€ to 239.96€. During the last trading day the ETF fluctuated 0.235% from a day low at 239.76€ to a day high of 240.32€. The price has risen in 6 of the last 10 days and is up by 0.52% 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, 115 more shares were traded than the day before. In total, 617 shares were bought and sold for approximately 148.06€ thousand.
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 238.65€ and 240.84€ 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. 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 239.84€ and 239.82€. A breakdown below any of these levels will issue sell signals. Amundi Index Solutions - Amundi Euro 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 Monday, June 24, 2024, and so far it has fallen -0.0092%. 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). The ETF had a Golden Star Signal on Tuesday, June 25, 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 Tuesday, June 25, 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 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.564€ between high and low, or 0.235%. For the last week the ETF has had daily average volatility of 0.145%.
Our recommended stop-loss: 224.36€ (-6.50%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (AHYE.PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Euro High Yield Bond Esg to open at 240.02€, and during the day (based on 14 day Average True Range), to move between 239.30€ and 240.62€, which gives a possible trading interval of +/-0.660€ (+/-0.28%) 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 0.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 239.97€ (0.00%) 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.965 Hold/Accumulate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Euro High Yield Bond Esg of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
240.02€ ( 0.0218%) | 239.96€ |
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 | 240.58 | 0.257% |
R2 | 240.36 | 0.167% |
R1 | 240.23 | 0.112% |
Price | 239.96 | |
S1 | 239.80 | -0.0681% |
S2 | 239.67 | -0.124% |
S3 | 239.45 | -0.213% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 240.10 | 0.0555% |
R2 | 239.99 | 0.0092% |
R1 | 239.97 | 0.0018% |
Price | 239.96 | |
S1 | 239.88 | -0.0363% |
S2 | 239.77 | -0.0806% |
S3 | 238.95 | -0.421% |
FAQ
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