Amundi Euro Stoxx Banks UCITS Acc ETF Forecast

Red day on Friday for Amundi Euro Stoxx Banks UCITS Acc
(Updated on Jun 21, 2024)

BNKE.PA Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.50%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Amundi Euro Stoxx Banks UCITS Acc ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 155.24€ and 163.11€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The ETF had a Golden Star Signal on Thursday, November 02, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for Amundi Euro Stoxx Banks UCITS Acc ETF

Amundi Euro Stoxx Banks UCITS Acc finds support from accumulated volume at 152.41€ 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 and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved 3.72€ between high and low, or 2.42%. For the last week, the ETF has had daily average volatility of 1.60%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BNKE.PA) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Amundi Euro Stoxx Banks UCITS ETF Acc to open at 155.24€, and during the day (based on 14 day Average True Range), to move between 151.86€ and 157.53€, which gives a possible trading interval of +/-2.83€ (+/-1.83%) up or down from last closing price. If Amundi Euro Stoxx Banks UCITS ETF Acc takes out the full calculated possible swing range there will be an estimated 3.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 155.70€ (0.65%) than the support at 152.41€ (1.48%), 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 Euro Stoxx Banks UCITS ETF Acc ETF A Buy?

The Amundi Euro Stoxx Banks UCITS Acc ETF holds several negative signals and despite the positive trend, we believe Amundi Euro Stoxx Banks UCITS Acc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -1.038 Sell Candidate Unchanged

Predicted Opening Price for Amundi Euro Stoxx Banks UCITS ETF Acc of Monday, June 24, 2024

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