Amundi Index Solutions - Amundi Index ETF Forecast
Amundi Index Solutions - Amundi Index ETF price down 0.395% on Thursday
(Updated on Jun 27, 2024)
The Amundi Index Solutions - Amundi Index ETF price fell by -0.395% on the last day (Thursday, 27th Jun 2024) from 93.73€ to 93.36€. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.439% from a day low at 93.36€ to a day high of 93.77€. The price has fallen in 6 of the last 10 days and is down by -0.65% 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 -1 thousand shares and in total, 3 thousand shares were bought and sold for approximately 236.76€ 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 Index ETF with a 90% probability to be traded between 91.91€ and 94.35€ 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.
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CEU2.MI Signals & Forecast
There are few to no technical positive signals at the moment. The Amundi Index Solutions - Amundi Index 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 93.97€ and 94.23€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -1.28%. 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.
A buy signal from a double bottom formation was found on Friday, June 14, 2024 and based on theory for this formation the price should go up by 5.19% to 98.21€ within 12 trading days since signal was issued (Tuesday, July 02, 2024).
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Index ETF
Amundi Index Solutions - Amundi Index finds support from accumulated volume at 93.25€ 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 0.410€ between high and low, or 0.439%. For the last week the ETF has had daily average volatility of 0.688%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CEU2.MI) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Amundi Index Solutions - Amundi Index Msci Europe to open at 93.50€, and during the day (based on 14 day Average True Range), to move between 92.62€ and 94.10€, which gives a possible trading interval of +/-0.738€ (+/-0.79%) up or down from last closing price. If Amundi Index Solutions - Amundi Index Msci Europe takes out the full calculated possible swing range there will be an estimated 1.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 93.25€ (0.12%) than the resistance at 94.25€ (0.95%), 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 Index Msci Europe ETF A Buy?
Amundi Index Solutions - Amundi Index 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: -1.899 Sell Candidate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Index Msci Europe of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 93.50€ ( 0.146%) | 93.36€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CEU2.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 93.91 | 0.586% |
| R2 | 93.75 | 0.418% |
| R1 | 93.65 | 0.314% |
| Price | 93.36 | |
| S1 | 93.34 | -0.0214% |
| S2 | 93.24 | -0.125% |
| S3 | 93.09 | -0.293% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 94.48 | 1.20% |
| R2 | 94.42 | 1.14% |
| R1 | 94.25 | 0.95% |
| Price | 93.36 | |
| S1 | 93.25 | -0.118% |
| S2 | 93.13 | -0.246% |
| S3 | 93.05 | -0.332% |
FAQ
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