Amundi Etf Msci Europe Ex Emu Ucits Etf ETF Forecast
Amundi Etf Msci Europe Ex Emu Ucits Etf ETF upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Amundi Etf Msci Europe Ex Emu Ucits Etf ETF price fell by -0.111% on the last day (Friday, 28th Jun 2024) from 367.91€ to 367.50€. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.716% from a day low at 367.50€ to a day high of 370.13€. The price has been going up and down for this period, and there has been a -0.39% loss for the last 2 weeks. Volume has increased on the last day by 238 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 513 shares were bought and sold for approximately 188.53€ thousand.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 365.90€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Amundi Etf Msci Europe Ex Emu Ucits Etf ETF with a 90% probability to be traded between 373.06€ and 381.93€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CU9.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Amundi Etf Msci Europe Ex Emu Ucits Etf ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 370.53€ and 368.16€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -1.46%. 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). Amundi Etf Msci Europe Ex Emu Ucits Etf 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 Etf Msci Europe Ex Emu Ucits Etf ETF
Amundi Etf Msci Europe Ex Emu Ucits Etf finds support from accumulated volume at 367.19€ 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 2.63€ between high and low, or 0.716%. For the last week the ETF has had daily average volatility of 0.788%.
Our recommended stop-loss: 354.63€ (-3.50%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (CU9.PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Etf Msci Europe Ex Emu Ucits Etf to open at 368.38€, and during the day (based on 14 day Average True Range), to move between 364.95€ and 370.05€, which gives a possible trading interval of +/-2.55€ (+/-0.69%) up or down from last closing price. If Amundi Etf Msci Europe Ex Emu Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 367.19€ (0.08%) than the resistance at 368.93€ (0.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Amundi Etf Msci Europe Ex Emu Ucits Etf ETF A Buy?
Amundi Etf Msci Europe Ex Emu Ucits Etf holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.717 Hold/Accumulate Upgraded
Predicted Opening Price for Amundi Etf Msci Europe Ex Emu Ucits Etf of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 368.38€ ( 0.239%) | 367.50€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CU9.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 371.01 | 0.95% |
| R2 | 370.00 | 0.681% |
| R1 | 369.38 | 0.512% |
| Price | 367.50 | |
| S1 | 367.37 | -0.0348% |
| S2 | 366.75 | -0.204% |
| S3 | 365.75 | -0.477% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 372.72 | 1.42% |
| R2 | 369.55 | 0.558% |
| R1 | 368.93 | 0.389% |
| Price | 367.50 | |
| S1 | 367.19 | -0.0844% |
| S2 | 365.48 | -0.550% |
| S3 | 364.69 | -0.765% |
FAQ
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