Amundi Index Solutions - Amundi Msci ETF Forecast

Amundi Index Solutions - Amundi Msci ETF price ended at 114.66€ on Tuesday, after losing 0%.
(Updated on Jun 25, 2024)

AMEQ.F Signals & Forecast

The Amundi Index Solutions - Amundi Msci 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 114.29€ and 113.16€. A breakdown below any of these levels will issue sell signals. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the ETF should be watched more closely at it may be a "turning point". 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 Wednesday, June 12, 2024, and so far it has fallen -0.486%. 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).

Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Msci ETF

Amundi Index Solutions - Amundi Msci finds support from accumulated volume at 109.46€ 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 0.680€ between high and low, or 0.596%. For the last week the ETF has had daily average volatility of 0.526%.

Our recommended stop-loss: 110.11€ (-3.97%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)

Trading Expectations (AMEQ.F) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Amundi Index Solutions - Amundi Msci Europe Quality Factor to open at 114.51€, and during the day (based on 14 day Average True Range), to move between 113.81€ and 115.51€, which gives a possible trading interval of +/-0.85€ (+/-0.74%) up or down from last closing price. If Amundi Index Solutions - Amundi Msci Europe Quality Factor takes out the full calculated possible swing range there will be an estimated 1.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 114.76€ (0.09%) than the support at 109.46€ (4.54%), 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 Msci Europe Quality Factor ETF A Buy?

Several short-term signals, along with a general good trend, 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 Msci ETF to perform well in the short-term.

Current score: 1.268 Buy Candidate Unchanged

Predicted Opening Price for Amundi Index Solutions - Amundi Msci Europe Quality Factor of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.