Amundi Stock Forecast
Stronger technical forecast for Amundi stock price after Tuesday trading.
(Updated on Apr 30, 2024)
The Amundi stock price gained 0.305% on the last trading day (Tuesday, 30th Apr 2024), rising from 65.55€ to 65.75€. During the last trading day the stock fluctuated 1.46% from a day low at 65.15€ to a day high of 66.10€. The price has risen in 6 of the last 10 days and is up by 3.95% over the past 2 weeks. Volume fell on the last day by -11 thousand shares and in total, 176 thousand shares were bought and sold for approximately 11.55€ million. 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 stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.38% during the next 3 months and, with a 90% probability hold a price between 68.81€ and 72.82€ at the end of this 3-month period.
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AMUN.PA Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -0.152%. 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). The Amundi stock 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 65.00€ and 63.46€. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Amundi stock
On the downside, the stock finds support just below today's level from accumulated volume at 60.70€ and 60.35€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Amundi finds support just below today's level at 60.70€. If this is broken, then the next support from accumulated volume will be at 60.35€ and 60.00€.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.95€ between high and low, or 1.46%. For the last week the stock has had daily average volatility of 2.24%.
Our recommended stop-loss: 63.49€ (-3.43%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (AMUN.PA) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Amundi to open at 65.67€, and during the day (based on 14 day Average True Range), to move between 64.41€ and 67.09€, which gives a possible trading interval of +/-1.34€ (+/-2.03%) up or down from last closing price. If Amundi takes out the full calculated possible swing range there will be an estimated 4.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 65.85€ (0.15%) than the support at 60.70€ (7.68%), 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 stock 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 stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.305 Buy Candidate Upgraded
Predicted Opening Price for Amundi of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| 65.67€ ( 0.127%) | 65.75€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMUN.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 66.62 | 1.32 % | |
| R2 | 66.25 | 0.766 % | ||
| R1 | 66.03 | 0.425 % | ||
| Current price: | 65.75 | |||
| Support | S1 | 65.30 | -0.679 % | |
| S2 | 65.08 | -1.02 % | ||
| S3 | 64.72 | -1.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 65.85 | 0.152 % | ||
| Current price | 65.75 | |||
| Support | S1 | 60.70 | -7.68% | |
| S2 | 60.35 | -8.21% | ||
| S3 | 60.00 | -8.75% |
AMUN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 03, 2024 | Jun 03, 2024 | Jun 03, 2024 | 0€ | 0% |
| 2 | May 22, 2023 | May 22, 2023 | May 22, 2023 | 4.10€ | 7.04% |
| 3 | May 23, 2022 | May 23, 2022 | May 23, 2022 | 4.10€ | 7.90% |
| 4 | May 13, 2021 | May 13, 2021 | May 13, 2021 | 2.90€ | 4.04% |
| 5 | May 20, 2020 | May 20, 2020 | May 20, 2020 | 3.10€ | 4.90% |
FAQ
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