Bnp Paribas Easy Esg Equity Dividend ETF Forecast
Red day on Wednesday for Bnp Paribas Easy Esg Equity Dividend ETF after losing 0.438%
(Updated on Jun 26, 2024)
The Bnp Paribas Easy Esg Equity Dividend ETF price fell by -0.438% on the last day (Wednesday, 26th Jun 2024) from 127.88€ to 127.32€. During the last trading day the ETF fluctuated 0.86% from a day low at 127.32€ to a day high of 128.42€. The price has fallen in 6 of the last 10 days and is down by -1.46% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -180 shares and in total, 4 shares were bought and sold for approximately 509.28€ .
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 126.95€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 5.81% during the next 3 months and, with a 90% probability hold a price between 134.32€ and 141.83€ at the end of this 3-month period.
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EDEU.F Signals & Forecast
There are few to no technical positive signals at the moment. The Bnp Paribas Easy Esg Equity Dividend ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 127.63€ and 128.99€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -2.69%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Monday, April 22, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Monday, April 22, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for Bnp Paribas Easy Esg Equity Dividend ETF
Bnp Paribas Easy Esg Equity Dividend finds support from accumulated volume at 124.48€ 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 1.10€ between high and low, or 0.86%. For the last week the ETF has had daily average volatility of 0.744%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EDEU.F) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Bnp Paribas Easy Esg Equity Dividend Europe to open at 127.69€, and during the day (based on 14 day Average True Range), to move between 126.31€ and 128.33€, which gives a possible trading interval of +/-1.01€ (+/-0.80%) up or down from last closing price. If Bnp Paribas Easy Esg Equity Dividend Europe takes out the full calculated possible swing range there will be an estimated 1.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 127.88€ (0.44%) than the support at 124.48€ (2.23%), 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 Bnp Paribas Easy Esg Equity Dividend Europe ETF A Buy?
The Bnp Paribas Easy Esg Equity Dividend ETF holds several negative signals and despite the positive trend, we believe Bnp Paribas Easy Esg Equity Dividend will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -4.489 Sell Candidate Unchanged
Predicted Opening Price for Bnp Paribas Easy Esg Equity Dividend Europe of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 127.69€ ( 0.288%) | 127.32€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EDEU.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 128.79 | 1.15% |
| R2 | 128.37 | 0.82% |
| R1 | 128.11 | 0.618% |
| Price | 127.32 | |
| S1 | 127.27 | -0.0420% |
| S2 | 127.01 | -0.246% |
| S3 | 126.59 | -0.576% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 129.46 | 1.68% |
| R2 | 128.06 | 0.581% |
| R1 | 127.88 | 0.440% |
| Price | 127.32 | |
| S1 | 124.48 | -2.23% |
| S2 | 123.30 | -3.16% |
| S3 | 121.12 | -4.87% |
FAQ
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