Amundi Index Solutions - Amundi Msci ETF Forecast
Amundi Index Solutions - Amundi Msci ETF upgraded to Buy Candidate.
(Updated on Jun 26, 2024)
The Amundi Index Solutions - Amundi Msci ETF price gained 0.0808% on the last trading day (Wednesday, 26th Jun 2024), rising from 519.70€ to 520.12€. During the last trading day the ETF fluctuated 0.616% from a day low at 519.68€ to a day high of 522.88€. The price has risen in 6 of the last 10 days and is up by 1.19% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 2 thousand shares were bought and sold for approximately 792.14€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 522.93€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 5.67% during the next 3 months and, with a 90% probability hold a price between 531.59€ and 552.59€ at the end of this 3-month period.
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AMEW.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 519.67€ and 508.40€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Thursday, June 20, 2024, and so far it has fallen -0.192%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Msci ETF
Amundi Index Solutions - Amundi Msci finds support from accumulated volume at 500.78€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved 3.20€ between high and low, or 0.616%. For the last week the ETF has had daily average volatility of 0.570%
The Amundi Index Solutions - Amundi Msci ETF is overbought on RSI14 and the RSI has been falling for the last couple of days. This together with the fact that the ETF is in the upper part of the trend poses a possible good selling opportunity for the short-term trader. However, one should note that some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.
Our recommended stop-loss: 504.91€ (-2.92%) (This ETF has low daily movements and this gives low risk. The RSI14 is 84 and this increases the risk substantially. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (AMEW.F) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Amundi Index Solutions - Amundi Msci World Ucits Etf to open at 520.89€, and during the day (based on 14 day Average True Range), to move between 516.97€ and 523.27€, which gives a possible trading interval of +/-3.15€ (+/-0.61%) up or down from last closing price. If Amundi Index Solutions - Amundi Msci World Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 521.12€ (0.19%) than the support at 500.78€ (3.72%), 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 World Ucits Etf 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.307 Buy Candidate Upgraded
Predicted Opening Price for Amundi Index Solutions - Amundi Msci World Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 520.89€ ( 0.149%) | 520.12€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMEW.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 524.09 | 0.764% |
| R2 | 522.87 | 0.529% |
| R1 | 522.12 | 0.384% |
| Price | 520.12 | |
| S1 | 519.67 | -0.0863% |
| S2 | 518.92 | -0.232% |
| S3 | 517.69 | -0.467% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 521.12 | 0.192% |
| Price | 520.12 | |
| S1 | 500.78 | -3.72% |
| S2 | 497.05 | -4.44% |
| S3 | 486.81 | -6.40% |
FAQ
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