Amundi CAC 40 UCITS Dist ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Amundi CAC 40 UCITS Dist ETF price down 1.07% on Thursday
(Updated on Jun 27, 2024)
The Amundi CAC 40 UCITS Dist ETF price fell by -1.07% on the last day (Thursday, 27th Jun 2024) from 76.98€ to 76.16€. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 2.34% from a day low at 76.12€ to a day high of 77.90€. The price has fallen in 6 of the last 10 days and is down by -1.92% 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 -2 thousand shares and in total, 24 thousand shares were bought and sold for approximately 1.83€ million.
The ETF lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 75.36€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -2.19% during the next 3 months and, with a 90% probability hold a price between 73.71€ and 79.66€ at the end of this 3-month period.
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CAC.PA Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.714%. 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 CAC 40 UCITS Dist 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 77.08€ and 79.75€. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The ETF had a Golden Star Signal on Tuesday, September 12, 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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Tuesday, September 12, 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 CAC 40 UCITS Dist ETF
Amundi CAC 40 UCITS Dist finds support from accumulated volume at 75.62€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved 1.78€ (2.34%) between high and low. For the last week, the ETF has had daily average volatility of 1.44%.
Our recommended stop-loss: 71.44€ (-6.20%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (CAC.PA) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Amundi CAC 40 UCITS ETF Dist to open at 76.73€, and during the day (based on 14 day Average True Range), to move between 75.08€ and 77.24€, which gives a possible trading interval of +/-1.08€ (+/-1.42%) up or down from last closing price. If Amundi CAC 40 UCITS ETF Dist takes out the full calculated possible swing range there will be an estimated 2.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 75.62€ (0.71%) than the resistance at 77.51€ (1.77%), 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 CAC 40 UCITS ETF Dist ETF A Buy?
Amundi CAC 40 UCITS Dist 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.
Current score: -0.701 Hold/Accumulate Unchanged
Predicted Opening Price for Amundi CAC 40 UCITS ETF Dist of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 76.73€ ( 0.744%) | 76.16€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CAC.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 78.51 | 3.08% |
| R2 | 77.83 | 2.19% |
| R1 | 77.41 | 1.64% |
| Price | 76.16 | |
| S1 | 76.05 | -0.149% |
| S2 | 75.63 | -0.700% |
| S3 | 74.95 | -1.59% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 77.94 | 2.34% |
| R2 | 77.65 | 1.96% |
| R1 | 77.51 | 1.77% |
| Price | 76.16 | |
| S1 | 75.62 | -0.709% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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