Amundi Index Solutions - Amundi Msci ETF Forecast

Weaker technical forecast for Amundi Index Solutions - Amundi Msci as ETF downgraded to Buy Candidate.
(Updated on Jun 21, 2024)

EDSRI.MI 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 69.20€ and 69.19€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.89%. Further rise is indicated until a new top pivot has been found. 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. 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.

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

Amundi Index Solutions - Amundi Msci finds support from accumulated volume at 69.18€ 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 0.0900€ between high and low, or 0.130%. For the last week the ETF has had daily average volatility of 0.261%

Our recommended stop-loss: 65.27€ (-5.80%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (EDSRI.MI) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Amundi Index Solutions - Amundi Msci Europe Sri Pab to open at 69.32€, and during the day (based on 14 day Average True Range), to move between 68.88€ and 69.70€, which gives a possible trading interval of +/-0.415€ (+/-0.60%) up or down from last closing price. If Amundi Index Solutions - Amundi Msci Europe Sri Pab takes out the full calculated possible swing range there will be an estimated 1.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 69.32€ (0.04%) than the support at 69.18€ (0.16%), 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 Europe Sri Pab 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 Msci ETF to perform well in the short-term period. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 3.848 Buy Candidate Downgraded

Predicted Opening Price for Amundi Index Solutions - Amundi Msci Europe Sri Pab of Monday, June 24, 2024

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