Amundi Index Solutions - Amundi Msci ETF Forecast
Amundi Index Solutions - Amundi Msci ETF price ended at 112.78€ on Friday, after losing 0.441%.
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi Msci ETF price fell by -0.441% on the last day (Friday, 28th Jun 2024) from 113.28€ to 112.78€. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.550% from a day low at 112.78€ to a day high of 113.40€. The price has fallen in 6 of the last 10 days and is down by -0.84% for this period. Volume has increased on the last day by 881 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 thousand shares were bought and sold for approximately 200.30€ thousand.
Given the current short-term trend, the ETF is expected to rise 7.50% during the next 3 months and, with a 90% probability hold a price between 121.23€ and 125.55€ at the end of this 3-month period.
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AMEQ.F Signals & Forecast
There are few to no technical positive signals at the moment. The Amundi Index Solutions - Amundi Msci ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 114.03€ and 113.33€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -2.12%. 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). Amundi Index Solutions - Amundi Msci gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Msci ETF
Amundi Index Solutions - Amundi Msci finds support from accumulated volume at 112.30€ 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 0.620€ between high and low, or 0.550%. For the last week the ETF has had daily average volatility of 0.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMEQ.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Msci Europe Quality Factor to open at 112.99€, and during the day (based on 14 day Average True Range), to move between 111.86€ and 113.70€, which gives a possible trading interval of +/-0.92€ (+/-0.82%) 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 1.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 112.30€ (0.43%) than the resistance at 114.52€ (1.54%), 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 Europe Quality Factor ETF A Buy?
The Amundi Index Solutions - Amundi Msci ETF holds several negative signals and despite the positive trend, we believe Amundi Index Solutions - Amundi Msci will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -4.379 Sell Candidate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Msci Europe Quality Factor of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 112.99€ ( 0.183%) | 112.78€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMEQ.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 113.61 | 0.733% |
| R2 | 113.37 | 0.523% |
| R1 | 113.22 | 0.393% |
| Price | 112.78 | |
| S1 | 112.75 | -0.0268% |
| S2 | 112.60 | -0.156% |
| S3 | 112.37 | -0.366% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 114.76 | 1.76% |
| R2 | 114.66 | 1.67% |
| R1 | 114.52 | 1.54% |
| Price | 112.78 | |
| S1 | 112.30 | -0.426% |
| S2 | 108.32 | -3.95% |
| S3 | 106.98 | -5.14% |
FAQ
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