Amundi Index Solutions - Amundi Msci Usa ETF Forecast

Amundi Index Solutions - Amundi Msci Usa ETF downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)

CU2.PA Signals & Forecast

The Amundi Index Solutions - Amundi Msci Usa 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 641.46€ and 627.44€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, June 24, 2024, and so far it has fallen -0.349%. Further fall is indicated until a new bottom pivot has been found. Amundi Index Solutions - Amundi Msci Usa gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Msci Usa ETF

Amundi Index Solutions - Amundi Msci Usa finds support from accumulated volume at 637.26€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 3.47€ between high and low, or 0.542%. For the last week the ETF has had daily average volatility of 0.438%.

Our recommended stop-loss: 624.97€ (-2.58%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)

Trading Expectations (CU2.PA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Msci Usa Ucits Etf-c Eur to open at 642.68€, and during the day (based on 14 day Average True Range), to move between 636.93€ and 646.13€, which gives a possible trading interval of +/-4.60€ (+/-0.72%) up or down from last closing price. If Amundi Index Solutions - Amundi Msci Usa Ucits Etf-c Eur takes out the full calculated possible swing range there will be an estimated 1.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 641.63€ (0.02%) than the support at 637.26€ (0.67%), 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 Usa Ucits Etf-c Eur ETF A Buy?

Amundi Index Solutions - Amundi Msci Usa 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.212 Hold/Accumulate Downgraded

Predicted Opening Price for Amundi Index Solutions - Amundi Msci Usa Ucits Etf-c Eur of Monday, July 1, 2024

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