Amundi Index Solutions - Amundi Stoxx ETF Forecast
Red day on Friday for Amundi Index Solutions - Amundi Stoxx
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi Stoxx ETF price fell by -0.234% on the last day (Friday, 28th Jun 2024) from 125.86€ to 125.56€. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.569% from a day low at 125.56€ to a day high of 126.28€. The price has fallen in 7 of the last 10 days but is still up by 0.13% over the past 2 weeks. 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 -596 shares and in total, 120 shares were bought and sold for approximately 15.07€ thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Amundi Index Solutions - Amundi Stoxx ETF with a 90% probability to be traded between 124.01€ and 127.40€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
C6E.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Amundi Index Solutions - Amundi Stoxx 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 126.58€ and 126.80€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -1.50%. 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.
A buy signal from a double bottom formation was found on Monday, June 17, 2024 and based on theory for this formation the price should go up by 4.87% to 131.68€ within 13 trading days since signal was issued (Thursday, July 04, 2024).
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Stoxx ETF
Amundi Index Solutions - Amundi Stoxx finds support from accumulated volume at 125.43€ 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 0.714€ between high and low, or 0.569%. For the last week the ETF has had daily average volatility of 0.84%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (C6E.PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Stoxx Europe 600 to open at 125.80€, and during the day (based on 14 day Average True Range), to move between 124.47€ and 126.66€, which gives a possible trading interval of +/-1.09€ (+/-0.87%) up or down from last closing price. If Amundi Index Solutions - Amundi Stoxx Europe 600 takes out the full calculated possible swing range there will be an estimated 1.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 125.43€ (0.11%) than the resistance at 127.21€ (1.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Amundi Index Solutions - Amundi Stoxx Europe 600 ETF A Buy?
Amundi Index Solutions - Amundi Stoxx holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -1.367 Sell Candidate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Stoxx Europe 600 of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 125.80€ ( 0.190%) | 125.56€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for C6E.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 126.52 | 0.758% |
| R2 | 126.24 | 0.541% |
| R1 | 126.07 | 0.407% |
| Price | 125.56 | |
| S1 | 125.53 | -0.0277% |
| S2 | 125.36 | -0.162% |
| S3 | 125.09 | -0.379% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 127.90 | 1.86% |
| R2 | 127.47 | 1.52% |
| R1 | 127.21 | 1.31% |
| Price | 125.56 | |
| S1 | 125.43 | -0.105% |
| S2 | 125.40 | -0.132% |
| S3 | 125.27 | -0.230% |
FAQ
Click here for our free guide on how to buy Amundi Index Solutions - Amundi Stoxx Europe 600 ETF.
