Amundi Index Solutions - Amundi Msci 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 Index Solutions - Amundi Msci ETF upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi Msci ETF price gained 0.676% on the last trading day (Friday, 28th Jun 2024), rising from 577.10€ to 581.00€. During the last trading day the ETF fluctuated 0.483% from a day low at 580.20€ to a day high of 583.00€. The price has risen in 7 of the last 10 days and is up by 1.56% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 338 more shares were traded than the day before. In total, 345 shares were bought and sold for approximately 200.45€ 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 585.31€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 6.53% during the next 3 months and, with a 90% probability hold a price between 595.09€ and 623.51€ at the end of this 3-month period.
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CE8G.F Signals & Forecast
Mostly positive signals in the chart today. 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 577.37€ and 562.74€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 9.09%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Amundi Index Solutions - Amundi Msci has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Msci ETF
On the downside, the ETF finds support just below today's level from accumulated volume at 551.10€ and 549.20€. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Amundi Index Solutions - Amundi Msci finds support just below today's level at 551.10€. If this is broken, then the next support from accumulated volume will be at 549.20€ and 537.30€.
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 2.80€ between high and low, or 0.483%. For the last week the ETF has had daily average volatility of 0.336%.
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: 562.18€ (-3.24%) (This ETF has low daily movements and this gives low risk. The RSI14 is 88 and this increases the risk substantially. There is a buy signal from a pivot bottom found 63 days ago.)
Trading Expectations (CE8G.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Msci World Ex Europe to open at 581.40€, and during the day (based on 14 day Average True Range), to move between 577.55€ and 584.45€, which gives a possible trading interval of +/-3.45€ (+/-0.59%) 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 1.19% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 551.10€, some 29.90€ (5.15%) from the current price of 581.00€, our system finds the risk reward attractive.
Is Amundi Index Solutions - Amundi Msci World Ex Europe ETF A Buy?
Amundi Index Solutions - Amundi Msci holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.426 Strong Buy Candidate Upgraded
Predicted Opening Price for Amundi Index Solutions - Amundi Msci World Ex Europe of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 581.40€ ( 0.0688%) | 581.00€ |
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 | 584.20 | 0.551% |
| R2 | 583.13 | 0.367% |
| R1 | 582.47 | 0.253% |
| Price | 581.00 | |
| S1 | 580.33 | -0.115% |
| S2 | 579.67 | -0.229% |
| S3 | 578.60 | -0.413% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 581.00 | |
| S1 | 551.10 | -5.15% |
| S2 | 549.20 | -5.47% |
| S3 | 537.30 | -7.52% |
FAQ
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