Amundi Etf Msci Europe Healthcare Ucits 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
Green day on Monday for Amundi Etf Msci Europe Healthcare Ucits
(Updated on Jun 24, 2024)
The Amundi Etf Msci Europe Healthcare Ucits ETF price gained 1.61% on the last trading day (Monday, 24th Jun 2024), rising from £13,178.00 to £13,390.00. During the last trading day the ETF fluctuated 0% from a day low at £13,390.00 to a day high of £13,390.00. The price has been going up and down for this period, and there has been a 0.35% gain for the last 2 weeks. Volume fell on the last day by -23 shares and in total, 1 shares were bought and sold for approximately £13.39 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £12,552.01 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -34.73% during the next 3 months and, with a 90% probability hold a price between £8,192.72 and £21,060.42 at the end of this 3-month period.
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CH5.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 1.95%. 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 Msci Europe Healthcare Ucits ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at £28,234.82. On a fall, the ETF will find some support from the short-term average at £13,217.20. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Amundi Etf Msci Europe Healthcare Ucits ETF
Amundi Etf Msci Europe Healthcare Ucits finds support from accumulated volume at £13,178.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF may move very much during the day (volatility) and with periodic low trading volume this ETF is considered to be "very high risk". During the last day, the ETF moved £0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.248%.
Amundi Etf Msci Europe Healthcare Ucits is oversold on RSI14 (4). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CH5.L) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Amundi Etf Msci Europe Healthcare Ucits Etf to open at £13,390.00, and during the day (based on 14 day Average True Range), to move between £12,472.59 and £14,307.41, which gives a possible trading interval of +/-£917.41 (+/-6.85%) up or down from last closing price. If Amundi Etf Msci Europe Healthcare Ucits Etf takes out the full calculated possible swing range there will be an estimated 13.70% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £13,178.00, some £212.00 (1.58%) from the current price of £13,390.00, our system finds the risk reward attractive.
Is Amundi Etf Msci Europe Healthcare Ucits Etf ETF A Buy?
Amundi Etf Msci Europe Healthcare Ucits holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -4.312 Sell Candidate Unchanged
Predicted Opening Price for Amundi Etf Msci Europe Healthcare Ucits Etf of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| £13,390.00 ( 0%) | £13,390.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CH5.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13,390.00 | - |
| R2 | 13,390.00 | - |
| R1 | 13,390.00 | - |
| Price | 13,390.00 | |
| S1 | 13,390.00 | - |
| S2 | 13,390.00 | - |
| S3 | 13,390.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 13,390.00 | |
| S1 | 13,178.00 | -1.58% |
| S2 | 13,140.00 | -1.87% |
| S3 | 13,134.00 | -1.91% |
FAQ
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