Amundi Etf Leveraged Msci Usa Daily ETF Forecast
Stronger technical forecast for Amundi Etf Leveraged Msci Usa Daily ETF price after Friday trading.
(Updated on Jun 28, 2024)
The Amundi Etf Leveraged Msci Usa Daily ETF price gained 0.93% on the last trading day (Friday, 28th Jun 2024), rising from 20.45€ to 20.64€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 1.19% from a day low at 20.60€ to a day high of 20.85€. The price has risen in 7 of the last 10 days and is up by 2.66% 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, 46 thousand more shares were traded than the day before. In total, 54 thousand shares were bought and sold for approximately 1.11€ million.
The ETF lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 13.95% during the next 3 months and, with a 90% probability hold a price between 21.93€ and 24.03€ at the end of this 3-month period.
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CL2.PA Signals & Forecast
Mostly positive signals in the chart today. The Amundi Etf Leveraged Msci Usa Daily 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 20.47€ and 19.36€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 19.62%. 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 Etf Leveraged Msci Usa Daily 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 Etf Leveraged Msci Usa Daily ETF
Amundi Etf Leveraged Msci Usa Daily finds support from accumulated volume at 20.45€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved 0.245€ between high and low, or 1.19%. For the last week, the ETF has had daily average volatility of 1.06%.
The Amundi Etf Leveraged Msci Usa Daily ETF is extremely overbought on RSI14 (86). This increases the short-term risk substantially.
Our recommended stop-loss: 19.96€ (-3.28%) (This ETF has medium daily movements and this gives medium risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from a pivot bottom found 63 days ago.)
Trading Expectations (CL2.PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Etf Leveraged Msci Usa Daily Ucits Etf to open at 20.69€, and during the day (based on 14 day Average True Range), to move between 20.36€ and 20.91€, which gives a possible trading interval of +/-0.279€ (+/-1.35%) up or down from last closing price. If Amundi Etf Leveraged Msci Usa Daily Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.70% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 20.45€, some 0.185€ (0.90%) from the current price of 20.64€, our system finds the risk reward attractive.
Is Amundi Etf Leveraged Msci Usa Daily Ucits Etf ETF A Buy?
Amundi Etf Leveraged Msci Usa Daily holds several positive signals and is within a strong 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: 5.939 Strong Buy Candidate Upgraded
Predicted Opening Price for Amundi Etf Leveraged Msci Usa Daily Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 20.69€ ( 0.283%) | 20.64€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CL2.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.94 | 1.47% |
| R2 | 20.84 | 1.02% |
| R1 | 20.79 | 0.736% |
| Price | 20.64 | |
| S1 | 20.60 | -0.171% |
| S2 | 20.54 | -0.451% |
| S3 | 20.45 | -0.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 20.64 | |
| S1 | 20.45 | -0.90% |
| S2 | 19.87 | -3.71% |
| S3 | 18.47 | -10.49% |
FAQ
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