Amundi Etf Dax Ucits Etf ETF Forecast
Amundi Etf Dax Ucits Etf ETF price down 0.0914% on Wednesday
(Updated on Jun 26, 2024)
The Amundi Etf Dax Ucits Etf ETF price fell by -0.0914% on the last day (Wednesday, 26th Jun 2024) from £27,350.00 to £27,325.00. During the last trading day the ETF fluctuated 0.311% from a day low at £27,305.00 to a day high of £27,390.00. The price has fallen in 6 of the last 10 days and is down by -2.71% for this period. Volume has increased on the last day by 46 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, 725 shares were bought and sold for approximately £19.81 million.
The ETF is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at £27,067.99 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Amundi Etf Dax Ucits Etf ETF with a 90% probability to be traded between £26,948.81 and £28,723.43 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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CG1.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.89%. 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 Etf Dax Ucits Etf 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 £27,378.12 and £28,075.31. 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 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 Wednesday, July 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 Wednesday, July 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.
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 12.81% to £30,825.00 within 40 trading days since signal was issued (Friday, August 09, 2024).
Support, Risk & Stop-loss for Amundi Etf Dax Ucits Etf ETF
Amundi Etf Dax Ucits Etf finds support from accumulated volume at £27,215.00 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 £85.00 between high and low, or 0.311%. For the last week the ETF has had daily average volatility of 0.312%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CG1.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Amundi Etf Dax Ucits Etf to open at £27,340.00, and during the day (based on 14 day Average True Range), to move between £27,101.53 and £27,548.47, which gives a possible trading interval of +/-£223.47 (+/-0.82%) up or down from last closing price. If Amundi Etf Dax Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £27,400.00 (0.27%) than the support at £27,215.00 (0.40%), 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 Etf Dax Ucits Etf ETF A Buy?
Amundi Etf Dax Ucits Etf holds several negative signals and is within a 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: -1.454 Sell Candidate Unchanged
Predicted Opening Price for Amundi Etf Dax Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| £27,340.00 ( 0.0549%) | £27,325.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CG1.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27,425.00 | 0.366% |
| R2 | 27,392.53 | 0.247% |
| R1 | 27,372.47 | 0.174% |
| Price | 27,325.00 | |
| S1 | 27,307.53 | -0.0639% |
| S2 | 27,287.47 | -0.137% |
| S3 | 27,255.00 | -0.256% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27,682.50 | 1.31% |
| R2 | 27,520.00 | 0.714% |
| R1 | 27,400.00 | 0.274% |
| Price | 27,325.00 | |
| S1 | 27,215.00 | -0.403% |
| S2 | 27,177.56 | -0.540% |
| S3 | 27,175.00 | -0.549% |
FAQ
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