Amundi Msci Semiconductors Esg Screened ETF Forecast

Red day on Thursday for Amundi Msci Semiconductors Esg Screened ETF after losing 0.0619%
(Updated on Jun 27, 2024)

CHIP.PA Signals & Forecast

The Amundi Msci Semiconductors Esg Screened ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately 52.95€. On a fall, the ETF will find some support from the long-term average at approximately 48.89€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, June 19, 2024, and so far it has fallen -6.94%. 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.

Support, Risk & Stop-loss for Amundi Msci Semiconductors Esg Screened ETF

On the downside, the ETF finds support just below today's level from accumulated volume at 47.01€ and 42.27€. 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 Msci Semiconductors Esg Screened finds support just below today's level at 47.01€. If this is broken, then the next support from accumulated volume will be at 42.27€ and 39.10€.

This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved 1.25€ between high and low, or 2.41%. For the last week the ETF has had daily average volatility of 3.32%.

Our recommended stop-loss: 48.68€ (-5.82%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 47 days ago.)

Trading Expectations (CHIP.PA) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Amundi Msci Semiconductors Esg Screened Ucits Etf to open at 52.11€, and during the day (based on 14 day Average True Range), to move between 50.31€ and 53.08€, which gives a possible trading interval of +/-1.38€ (+/-2.68%) up or down from last closing price. If Amundi Msci Semiconductors Esg Screened Ucits Etf takes out the full calculated possible swing range there will be an estimated 5.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 51.75€ (0.11%) than the support at 47.01€ (9.06%), 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 Msci Semiconductors Esg Screened Ucits Etf 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 Msci Semiconductors Esg Screened ETF to perform well in the short-term.

Current score: 2.210 Buy Candidate Unchanged

Predicted Opening Price for Amundi Msci Semiconductors Esg Screened Ucits Etf of Friday, June 28, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.