Amundi Index Solutions - Amundi MSCI ETF Forecast
Amundi Index Solutions - Amundi MSCI ETF price ended at 522.27€ on Thursday, after gaining 0.226%.
(Updated on Jul 04, 2024)
The Amundi Index Solutions - Amundi MSCI ETF price gained 0.226% on the last trading day (Thursday, 4th Jul 2024), rising from 521.09€ to 522.27€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.342% from a day low at 522.06€ to a day high of 523.85€. The price has risen in 6 of the last 10 days and is up by 0.18% over the past 2 weeks. Volume fell on the last day by -358 shares and in total, 5 thousand shares were bought and sold for approximately 2.60€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 7.11% during the next 3 months and, with a 90% probability hold a price between 549.25€ and 568.30€ at the end of this 3-month period.
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CW8.PA Signals & Forecast
The Amundi Index Solutions - Amundi MSCI 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 520.39€ and 511.66€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 8.10%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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 495.40€ and 494.22€. 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 495.40€. If this is broken, then the next support from accumulated volume will be at 494.22€ and 486.30€.
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 1.78€ between high and low, or 0.342%. For the last week the ETF has had daily average volatility of 0.557%.
Our recommended stop-loss: 505.87€ (-3.14%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 67 days ago.)
Trading Expectations (CW8.PA) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Amundi Index Solutions - Amundi MSCI World UCITS ETF to open at 522.73€, and during the day (based on 14 day Average True Range), to move between 518.81€ and 525.73€, which gives a possible trading interval of +/-3.46€ (+/-0.66%) up or down from last closing price. If Amundi Index Solutions - Amundi MSCI World UCITS ETF takes out the full calculated possible swing range there will be an estimated 1.33% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 495.40€, some 26.87€ (5.14%) from the current price of 522.27€, our system finds the risk reward attractive.
Is Amundi Index Solutions - Amundi MSCI World UCITS ETF 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: 1.898 Buy Candidate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi MSCI World UCITS ETF of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| 522.73€ ( 0.0872%) | 522.27€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CW8.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 524.51 | 0.429% |
| R2 | 523.83 | 0.298% |
| R1 | 523.41 | 0.218% |
| Price | 522.27 | |
| S1 | 522.05 | -0.0433% |
| S2 | 521.62 | -0.124% |
| S3 | 520.94 | -0.255% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 522.27 | |
| S1 | 495.40 | -5.14% |
| S2 | 494.22 | -5.37% |
| S3 | 486.30 | -6.89% |
FAQ
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