Amundi Index Solutions - Amundi Msci ETF Forecast
Amundi Index Solutions - Amundi Msci ETF price ended at £945.55 on Friday, after losing 0%.
(Updated on Jun 28, 2024)
No changes to the price of Amundi Index Solutions - Amundi Msci ETF on the last trading day (Friday, 28th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at £945.55 to a day high of £945.55. The price has fallen in 4 of the last 10 days but is still up by 1.01% over the past 2 weeks.
The ETF lies in the middle of a 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 8.40% during the next 3 months and, with a 90% probability hold a price between £995.18 and £1,050.75 at the end of this 3-month period.
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CSWG.L 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 £946.87. On a fall, the ETF will find some support from the long-term average at approximately £929.08. 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 Thursday, June 20, 2024, and so far it has fallen -0.91%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Thursday, June 20, 2024 and based on theory for this formation the price should fall by -1.35% to £932.81 within 7 trading days since signal was issued (Monday, July 01, 2024).
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Msci ETF
Amundi Index Solutions - Amundi Msci finds support from accumulated volume at £919.30 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 very controlled movements and therefore the general risk is considered very 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 £0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0127%
Our recommended stop-loss: £908.14 (-3.96%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (CSWG.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Msci Switzerland to open at £945.55, and during the day (based on 14 day Average True Range), to move between £940.02 and £951.08, which gives a possible trading interval of +/-£5.53 (+/-0.59%) up or down from last closing price. If Amundi Index Solutions - Amundi Msci Switzerland takes out the full calculated possible swing range there will be an estimated 1.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £946.40 (0.09%) than the support at £919.30 (2.78%), 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 Switzerland ETF A Buy?
Amundi Index Solutions - Amundi Msci holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Amundi Index Solutions - Amundi Msci Switzerland of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £945.55 ( 0.00000000%) | £945.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSWG.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 945.55 | 0.00000000% |
| R2 | 945.55 | 0.00000000% |
| R1 | 945.55 | 0.00000000% |
| Price | 945.55 | |
| S1 | 945.55 | 0.00000000% |
| S2 | 945.55 | 0.00000000% |
| S3 | 945.55 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 954.20 | 0.91% |
| R2 | 953.50 | 0.84% |
| R1 | 946.40 | 0.0899% |
| Price | 945.55 | |
| S1 | 919.30 | -2.78% |
| S2 | 917.80 | -2.93% |
| S3 | 890.10 | -5.86% |
FAQ
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