Amundi Index Solutions - Amundi Msci Em ETF Forecast
Red day on Wednesday for Amundi Index Solutions - Amundi Msci Em ETF after losing 0.382%
(Updated on Jun 26, 2024)
The Amundi Index Solutions - Amundi Msci Em ETF price fell by -0.382% on the last day (Wednesday, 26th Jun 2024) from 14.67€ to 14.61€. During the last trading day the ETF fluctuated 1.87% from a day low at 14.51€ to a day high of 14.78€. The price has risen in 6 of the last 10 days and is up by 1.66% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -4 thousand shares and in total, 3 thousand shares were bought and sold for approximately 43.19€ thousand.
The ETF lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -11.95% during the next 3 months and, with a 90% probability hold a price between 12.40€ and 13.76€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AMEL.F Signals & Forecast
There are mixed signals in the ETF today. The Amundi Index Solutions - Amundi Msci Em ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 14.64€ and 15.43€. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 2.05%. 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).
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Msci Em ETF
Amundi Index Solutions - Amundi Msci Em finds support from accumulated volume at 14.61€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved 0.272€ between high and low, or 1.87%. For the last week the ETF has had daily average volatility of 1.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMEL.F) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Amundi Index Solutions - Amundi Msci Em Latin America to open at 14.63€, and during the day (based on 14 day Average True Range), to move between 14.37€ and 14.85€, which gives a possible trading interval of +/-0.240€ (+/-1.64%) up or down from last closing price. If Amundi Index Solutions - Amundi Msci Em Latin America takes out the full calculated possible swing range there will be an estimated 3.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 14.61€ (0.04%) than the resistance at 15.80€ (8.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Amundi Index Solutions - Amundi Msci Em Latin America ETF A Buy?
Amundi Index Solutions - Amundi Msci Em holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -2.672 Sell Candidate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Msci Em Latin America of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 14.63€ ( 0.155%) | 14.61€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMEL.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.91 | 2.02% |
| R2 | 14.80 | 1.31% |
| R1 | 14.74 | 0.87% |
| Price | 14.61 | |
| S1 | 14.53 | -0.556% |
| S2 | 14.47 | -1.00% |
| S3 | 14.36 | -1.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.28 | 11.42% |
| R2 | 15.83 | 8.34% |
| R1 | 15.80 | 8.13% |
| Price | 14.61 | |
| S1 | 14.61 | -0.0411% |
| S2 | 14.60 | -0.109% |
| S3 | 14.32 | -2.01% |
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