Amundi Index Solutions - Amundi Msci Em ETF Forecast
Weaker technical forecast for Amundi Index Solutions - Amundi Msci Em as ETF downgraded to Sell Candidate.
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi Msci Em ETF price gained 0.110% on the last trading day (Friday, 28th Jun 2024), rising from 14.61€ to 14.62€. During the last trading day the ETF fluctuated 1.68% from a day low at 14.56€ to a day high of 14.81€. The price has been going up and down for this period, and there has been a 0.37% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately 63.31€ 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 -12.47% during the next 3 months and, with a 90% probability hold a price between 12.25€ and 13.58€ 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 14.66€ and 15.32€. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 2.12%. 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). Amundi Index Solutions - Amundi Msci Em 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. The very low volume increases the risk and reduces the other technical signals issued.
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 is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved 0.244€ (1.68%) between high and low. For the last week, the ETF has had daily average volatility of 1.58%.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Msci Em Latin America to open at 14.66€, and during the day (based on 14 day Average True Range), to move between 14.38€ and 14.86€, which gives a possible trading interval of +/-0.238€ (+/-1.63%) 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 3.25% 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€ (0.11%) than the resistance at 15.80€ (8.06%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.406 Sell Candidate Downgraded
Predicted Opening Price for Amundi Index Solutions - Amundi Msci Em Latin America of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 14.66€ ( 0.283%) | 14.62€ |
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 | 1.95% |
| R2 | 14.81 | 1.31% |
| R1 | 14.76 | 0.92% |
| Price | 14.62 | |
| S1 | 14.57 | -0.355% |
| S2 | 14.51 | -0.749% |
| S3 | 14.42 | -1.39% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.28 | 11.34% |
| R2 | 15.83 | 8.26% |
| R1 | 15.80 | 8.06% |
| Price | 14.62 | |
| S1 | 14.61 | -0.109% |
| S2 | 14.60 | -0.178% |
| S3 | 14.32 | -2.08% |
FAQ
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