Amundi Index Solutions - Amundi Msci ETF Forecast
Red day on Thursday for Amundi Index Solutions - Amundi Msci ETF after losing 0.0173%
(Updated on Jun 27, 2024)
The Amundi Index Solutions - Amundi Msci ETF price fell by -0.0173% on the last day (Thursday, 27th Jun 2024) from 577.20€ to 577.10€. During the last trading day the ETF fluctuated 0.295% from a day low at 576.90€ to a day high of 578.60€. The price has risen in 7 of the last 10 days and is up by 1.46% 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 -7 shares and in total, 7 shares were bought and sold for approximately 4.04€ thousand.
The ETF lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 580.69€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 6.10% during the next 3 months and, with a 90% probability hold a price between 590.26€ and 616.14€ at the end of this 3-month period.
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CE8G.F Signals & Forecast
The Amundi Index Solutions - Amundi Msci ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 576.77€ and 561.89€. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -0.156%. Further fall is indicated until a new bottom pivot has been found. 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 Index Solutions - Amundi Msci ETF
Amundi Index Solutions - Amundi Msci finds support from accumulated volume at 551.10€ 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 1.70€ between high and low, or 0.295%. For the last week the ETF has had daily average volatility of 0.288%
The Amundi Index Solutions - Amundi Msci ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.
Our recommended stop-loss: 557.97€ (-3.31%) (This ETF has low daily movements and this gives low risk. The RSI14 is 88 and this increases the risk substantially. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (CE8G.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Amundi Index Solutions - Amundi Msci World Ex Europe to open at 577.53€, and during the day (based on 14 day Average True Range), to move between 573.83€ and 580.37€, which gives a possible trading interval of +/-3.27€ (+/-0.57%) up or down from last closing price. If Amundi Index Solutions - Amundi Msci World Ex Europe takes out the full calculated possible swing range there will be an estimated 1.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 577.20€ (0.02%) than the support at 551.10€ (4.51%), 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 Index Solutions - Amundi Msci World Ex Europe ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Amundi Index Solutions - Amundi Msci ETF to perform well in the short-term.
Current score: 2.304 Buy Candidate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Msci World Ex Europe of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 577.53€ ( 0.0751%) | 577.10€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CE8G.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 579.23 | 0.370% |
| R2 | 578.58 | 0.257% |
| R1 | 578.18 | 0.188% |
| Price | 577.10 | |
| S1 | 576.88 | -0.0374% |
| S2 | 576.48 | -0.107% |
| S3 | 575.83 | -0.219% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 578.00 | 0.156% |
| R1 | 577.20 | 0.0173% |
| Price | 577.10 | |
| S1 | 551.10 | -4.51% |
| S2 | 549.20 | -4.83% |
| S3 | 537.30 | -6.90% |
FAQ
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