Amundi Index Solutions - Amundi ETF Forecast
Weaker technical forecast for Amundi Index Solutions - Amundi as ETF downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi ETF price gained 0.549% on the last trading day (Friday, 28th Jun 2024), rising from 209.60€ to 210.75€. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.452% from a day low at 210.35€ to a day high of 211.30€. The price has risen in 8 of the last 10 days and is up by 1.2% over the past 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 1 thousand shares were bought and sold for approximately 273.34€ 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 middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 9.76% during the next 3 months and, with a 90% probability hold a price between 226.09€ and 236.79€ at the end of this 3-month period.
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ANX.PA Signals & Forecast
The Amundi Index Solutions - Amundi 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 209.64€ and 202.82€. 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 -0.260%. 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 ETF
Amundi Index Solutions - Amundi finds support from accumulated volume at 209.60€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved 0.95€ between high and low, or 0.452%. For the last week the ETF has had daily average volatility of 0.745%.
Our recommended stop-loss: 204.60€ (-2.92%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (ANX.PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Nasdaq-100 to open at 210.80€, and during the day (based on 14 day Average True Range), to move between 208.71€ and 212.79€, which gives a possible trading interval of +/-2.04€ (+/-0.97%) up or down from last closing price. If Amundi Index Solutions - Amundi Nasdaq-100 takes out the full calculated possible swing range there will be an estimated 1.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 211.00€ (0.12%) than the support at 209.60€ (0.55%), 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 Nasdaq-100 ETF A Buy?
Amundi Index Solutions - Amundi holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.568 Hold/Accumulate Downgraded
Predicted Opening Price for Amundi Index Solutions - Amundi Nasdaq-100 of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 210.80€ ( 0.0237%) | 210.75€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANX.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 211.75 | 0.474% |
| R2 | 211.39 | 0.302% |
| R1 | 211.16 | 0.196% |
| Price | 210.75 | |
| S1 | 210.44 | -0.148% |
| S2 | 210.21 | -0.255% |
| S3 | 209.85 | -0.427% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 211.30 | 0.261% |
| R1 | 211.00 | 0.119% |
| Price | 210.75 | |
| S1 | 209.60 | -0.546% |
| S2 | 193.68 | -8.10% |
| S3 | 191.22 | -9.27% |
FAQ
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