Amundi Index Solutions - Amundi Govt 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
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
Red day on Friday for Amundi Index Solutions - Amundi Govt
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi Govt ETF price fell by -0.131% on the last day (Friday, 28th Jun 2024) from 212.39€ to 212.11€. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.336% from a day low at 211.78€ to a day high of 212.49€. The price has fallen in 7 of the last 10 days and is down by -0.76% for this period. Volume has increased on the last day by 15 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 15 thousand shares were bought and sold for approximately 3.20€ million.
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 Govt ETF with a 90% probability to be traded between 209.66€ and 213.28€ 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.
CB3.PA Signals & Forecast
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. The Amundi Index Solutions - Amundi Govt ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 212.84€ and 212.69€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -0.765%. Further fall is indicated until a new bottom pivot has been found. 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 Monday, August 07, 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 Monday, August 07, 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 Index Solutions - Amundi Govt ETF
Amundi Index Solutions - Amundi Govt finds support from accumulated volume at 212.02€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.711€ between high and low, or 0.336%. For the last week the ETF has had daily average volatility of 0.343%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CB3.PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Govt Bond Euro Broad Investment Grade to open at 212.13€, and during the day (based on 14 day Average True Range), to move between 211.08€ and 213.15€, which gives a possible trading interval of +/-1.03€ (+/-0.49%) up or down from last closing price. If Amundi Index Solutions - Amundi Govt Bond Euro Broad Investment Grade takes out the full calculated possible swing range there will be an estimated 0.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 212.02€ (0.04%) than the resistance at 212.45€ (0.16%), 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 Govt Bond Euro Broad Investment Grade ETF A Buy?
Amundi Index Solutions - Amundi Govt 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: -3.729 Sell Candidate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Govt Bond Euro Broad Investment Grade of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
212.13€ ( 0.0058%) | 212.11€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CB3.PA
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 212.84 | 0.341% |
R2 | 212.57 | 0.213% |
R1 | 212.40 | 0.134% |
Price | 212.11 | |
S1 | 211.85 | -0.122% |
S2 | 211.69 | -0.201% |
S3 | 211.42 | -0.330% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 213.39 | 0.602% |
R2 | 213.00 | 0.418% |
R1 | 212.45 | 0.158% |
Price | 212.11 | |
S1 | 212.02 | -0.0444% |
S2 | 211.52 | -0.280% |
S3 | 210.66 | -0.684% |
FAQ
Click here for our free guide on how to buy Amundi Index Solutions - Amundi Govt Bond Euro Broad Investment Grade ETF.