Amundi Index Solutions - Amundi Msci ETF Forecast
Evaluation of Amundi Index Solutions - Amundi Msci ETF downgraded after the last trading session.
(Updated on Jun 27, 2024)
The Amundi Index Solutions - Amundi Msci ETF price fell by -0.90% on the last day (Thursday, 27th Jun 2024) from 69.62€ to 68.99€. During the last trading day the ETF fluctuated 0.0290% from a day low at 68.99€ to a day high of 69.01€. The price has fallen in 6 of the last 10 days and is down by -1.19% for this period. Volume has increased on the last day by 20 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, 185 shares were bought and sold for approximately 12.76€ 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 68.79€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Amundi Index Solutions - Amundi Msci ETF with a 90% probability to be traded between 69.12€ and 70.73€ 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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EDSRI.MI Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.451%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Amundi Index Solutions - Amundi Msci 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 69.16€ and 69.18€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Amundi Index Solutions - Amundi Msci 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". 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 68.87€ 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 0.0200€ between high and low, or 0.0290%. For the last week the ETF has had daily average volatility of 0.0636%.
Our recommended stop-loss: 65.43€ (-5.15%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (EDSRI.MI) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Amundi Index Solutions - Amundi Msci Europe Sri Pab to open at 69.00€, and during the day (based on 14 day Average True Range), to move between 68.57€ and 69.41€, which gives a possible trading interval of +/-0.424€ (+/-0.61%) 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 1.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 68.87€ (0.17%) than the resistance at 69.11€ (0.17%), 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 Index Solutions - Amundi Msci Europe Sri Pab ETF A Buy?
Amundi Index Solutions - Amundi Msci 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.313 Hold/Accumulate Downgraded
Predicted Opening Price for Amundi Index Solutions - Amundi Msci Europe Sri Pab of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
69.00€ ( 0.0097%) | 68.99€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EDSRI.MI
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 69.02 | 0.0387% |
R2 | 69.01 | 0.0276% |
R1 | 69.00 | 0.0207% |
Price | 68.99 | |
S1 | 68.99 | -0.0014% |
S2 | 68.98 | -0.0083% |
S3 | 68.98 | -0.0193% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 69.18 | 0.275% |
R2 | 69.15 | 0.232% |
R1 | 69.11 | 0.174% |
Price | 68.99 | |
S1 | 68.87 | -0.174% |
S2 | 68.68 | -0.449% |
S3 | 68.40 | -0.86% |
EDSRI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 12, 2023 | Dec 12, 2023 | Dec 14, 2023 | 1.52€ | 2.45% |
2 | Nov 08, 2022 | Nov 08, 2022 | Nov 10, 2022 | 1.44€ | 2.58% |
3 | Nov 16, 2021 | Nov 16, 2021 | Nov 18, 2021 | 1.10€ | 1.65% |
FAQ
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