Amundi Msci Uk Imi Sri Pab ETF Forecast
Amundi Msci Uk Imi Sri Pab ETF upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Amundi Msci Uk Imi Sri Pab ETF price fell by -0.616% on the last day (Friday, 28th Jun 2024) from 811.10€ to 806.10€. It has now fallen 6 days in a row. During the last trading day the ETF fluctuated 1.40% from a day low at 806.10€ to a day high of 817.40€. The price has fallen in 7 of the last 10 days and is down by -0.44% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -4 shares and in total, 5 shares were bought and sold for approximately 4.03€ thousand.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 805.90€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 7.36% during the next 3 months and, with a 90% probability hold a price between 865.22€ and 915.30€ at the end of this 3-month period.
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C1U.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Amundi Msci Uk Imi Sri Pab 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 813.31€ and 815.22€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -2.31%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Amundi Msci Uk Imi Sri Pab ETF
Amundi Msci Uk Imi Sri Pab finds support from accumulated volume at 799.70€ 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 11.30€ between high and low, or 1.40%. For the last week the ETF has had daily average volatility of 0.93%
Our recommended stop-loss: 761.58€ (-5.52%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (C1U.PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Msci Uk Imi Sri Pab to open at 809.87€, and during the day (based on 14 day Average True Range), to move between 799.41€ and 812.79€, which gives a possible trading interval of +/-6.69€ (+/-0.83%) up or down from last closing price. If Amundi Msci Uk Imi Sri Pab takes out the full calculated possible swing range there will be an estimated 1.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 808.00€ (0.24%) than the support at 799.70€ (0.79%), 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 Msci Uk Imi Sri Pab ETF A Buy?
Amundi Msci Uk Imi Sri Pab holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.440 Hold/Accumulate Upgraded
Predicted Opening Price for Amundi Msci Uk Imi Sri Pab of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 809.87€ ( 0.467%) | 806.10€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for C1U.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 821.17 | 1.87% |
| R2 | 816.85 | 1.33% |
| R1 | 814.18 | 1.00% |
| Price | 806.10 | |
| S1 | 805.55 | -0.0682% |
| S2 | 802.88 | -0.399% |
| S3 | 798.57 | -0.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 819.90 | 1.71% |
| R2 | 819.40 | 1.65% |
| R1 | 808.00 | 0.236% |
| Price | 806.10 | |
| S1 | 799.70 | -0.794% |
| S2 | 798.70 | -0.92% |
| S3 | 792.60 | -1.67% |
FAQ
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