Amundi Index Solutions - Amundi Msci ETF Forecast
Green day on Friday for Amundi Index Solutions - Amundi Msci ETF after gaining 0.283%
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi Msci ETF price gained 0.283% on the last trading day (Friday, 28th Jun 2024), rising from 707.30€ to 709.30€. During the last trading day the ETF fluctuated 0.381% from a day low at 709.10€ to a day high of 711.80€. The price has been going up and down for this period, and there has been a 0.25% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 23 more shares were traded than the day before. In total, 74 shares were bought and sold for approximately 52.49€ thousand.
The ETF lies in the middle of a narrow and weak 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 8.97% during the next 3 months and, with a 90% probability hold a price between 764.76€ and 798.28€ at the end of this 3-month period.
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CN1G.F Signals & Forecast
The Amundi Index Solutions - Amundi Msci 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 712.00€. On a fall, the ETF will find some support from the long-term average at approximately 705.52€. 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. Amundi Index Solutions - Amundi Msci 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. The very low volume increases the risk and reduces the other technical signals issued. 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 12, 2024, and so far it has fallen -1.61%. 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). The ETF had a Golden Star Signal on Monday, May 06, 2024 in the short-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
The ETF had a Golden Star Signal on Monday, May 06, 2024 in the short-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.
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Msci ETF
On the downside, the ETF finds support just below today's level from accumulated volume at 670.90€ and 662.40€. 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 Index Solutions - Amundi Msci finds support just below today's level at 670.90€. If this is broken, then the next support from accumulated volume will be at 662.40€ and 660.10€.
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 2.70€ between high and low, or 0.381%. For the last week the ETF has had daily average volatility of 0.99%.
Our recommended stop-loss: 673.60€ (-5.03%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (CN1G.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Msci Nordic to open at 710.07€, and during the day (based on 14 day Average True Range), to move between 702.62€ and 715.98€, which gives a possible trading interval of +/-6.68€ (+/-0.94%) up or down from last closing price. If Amundi Index Solutions - Amundi Msci Nordic takes out the full calculated possible swing range there will be an estimated 1.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 711.60€ (0.32%) than the support at 670.90€ (5.41%), 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 Index Solutions - Amundi Msci Nordic 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 Index Solutions - Amundi Msci ETF to perform well in the short-term.
Current score: 2.752 Buy Candidate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Msci Nordic of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
710.07€ ( 0.108%) | 709.30€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CN1G.F
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 712.77 | 0.489% |
R2 | 711.74 | 0.343% |
R1 | 711.10 | 0.253% |
Price | 709.30 | |
S1 | 709.04 | -0.0373% |
S2 | 708.40 | -0.127% |
S3 | 707.37 | -0.273% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 720.90 | 1.64% |
R2 | 713.50 | 0.592% |
R1 | 711.60 | 0.324% |
Price | 709.30 | |
S1 | 670.90 | -5.41% |
S2 | 662.40 | -6.61% |
S3 | 660.10 | -6.94% |
FAQ
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