Amundi Etf Msci Spain Ucits Etf ETF Forecast

Amundi Etf Msci Spain Ucits Etf ETF downgraded to Sell Candidate
(Updated on Jun 26, 2024)

CS1.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.57%. 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 Spain 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 £22,339.73 and £22,766.30. 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 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. The ETF had a Golden Star Signal on Friday, September 08, 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.

Support, Risk & Stop-loss for Amundi Etf Msci Spain Ucits Etf ETF

Amundi Etf Msci Spain Ucits Etf finds support from accumulated volume at £22,022.50 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the ETF. During the last day, the ETF moved £250.00 between high and low, or 1.12%. For the last week the ETF has had daily average volatility of 0.94%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CS1.L) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Amundi Etf Msci Spain Ucits Etf to open at £22,363.33, and during the day (based on 14 day Average True Range), to move between £21,988.63 and £22,571.37, which gives a possible trading interval of +/-£291.37 (+/-1.31%) up or down from last closing price. If Amundi Etf Msci Spain Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £22,287.50 (0.03%) than the support at £22,022.50 (1.16%), 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 Msci Spain Ucits Etf ETF A Buy?

The Amundi Etf Msci Spain Ucits Etf ETF holds several negative signals and despite the positive trend, we believe Amundi Etf Msci Spain Ucits Etf will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.082 Sell Candidate Downgraded

Predicted Opening Price for Amundi Etf Msci Spain Ucits Etf of Thursday, June 27, 2024

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