Amundi Index Solutions - Amundi Index ETF Forecast
Amundi Index Solutions - Amundi Index ETF price ended at 50.95€ on Thursday, after gaining 0.0471%.
(Updated on Jun 27, 2024)
The Amundi Index Solutions - Amundi Index ETF price gained 0.0471% on the last trading day (Thursday, 27th Jun 2024), rising from 50.92€ to 50.95€. During the last trading day the ETF fluctuated 0.0864% from a day low at 50.94€ to a day high of 50.98€. The price has risen in 7 of the last 10 days and is up by 0.22% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 1 thousand shares were bought and sold for approximately 64.39€ thousand. 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 is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Amundi Index Solutions - Amundi Index ETF with a 90% probability to be traded between 51.16€ and 51.29€ 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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ECRP3.PA Signals & Forecast
The Amundi Index Solutions - Amundi Index 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 50.93€ and 50.81€. 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 -0.0334%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Index ETF
Amundi Index Solutions - Amundi Index finds support from accumulated volume at 50.83€ 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 0.0440€ between high and low, or 0.0864%. For the last week the ETF has had daily average volatility of 0.106%
Our recommended stop-loss: 48.52€ (-4.77%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (ECRP3.PA) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Amundi Index Solutions - Amundi Index Euro Corporate Sri 0-3 Y Ucits Etf Dr to open at 50.95€, and during the day (based on 14 day Average True Range), to move between 50.88€ and 51.01€, which gives a possible trading interval of +/-0.0689€ (+/-0.14%) up or down from last closing price. If Amundi Index Solutions - Amundi Index Euro Corporate Sri 0-3 Y Ucits Etf Dr takes out the full calculated possible swing range there will be an estimated 0.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 50.95€ (0.00%) than the support at 50.83€ (0.22%), 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 Index Euro Corporate Sri 0-3 Y Ucits Etf Dr ETF A Buy?
Several short-term signals 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 Index ETF to perform well in the short-term period.
Current score: 2.789 Buy Candidate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Index Euro Corporate Sri 0-3 Y Ucits Etf Dr of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 50.95€ ( 0.0157%) | 50.95€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ECRP3.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 51.00 | 0.102% |
| R2 | 50.98 | 0.0691% |
| R1 | 50.97 | 0.0487% |
| Price | 50.95 | |
| S1 | 50.94 | -0.0173% |
| S2 | 50.93 | -0.0377% |
| S3 | 50.91 | -0.0707% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 50.96 | 0.0334% |
| R1 | 50.95 | 0.0020% |
| Price | 50.95 | |
| S1 | 50.83 | -0.222% |
| S2 | 50.72 | -0.436% |
| S3 | 50.65 | -0.571% |
FAQ
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