Bnp Paribas Easy Msci Europe Small Caps ETF Forecast

Red day on Friday for Bnp Paribas Easy Msci Europe Small Caps
(Updated on Jun 28, 2024)

EESM.F Signals & Forecast

There are few to no technical positive signals at the moment. The Bnp Paribas Easy Msci Europe Small Caps 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 279.79€ and 283.54€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -3.92%. 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). Bnp Paribas Easy Msci Europe Small Caps 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 Bnp Paribas Easy Msci Europe Small Caps ETF

Bnp Paribas Easy Msci Europe Small Caps finds support from accumulated volume at 272.35€ 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 2.20€ between high and low, or 0.795%. For the last week the ETF has had daily average volatility of 0.98%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EESM.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Bnp Paribas Easy Msci Europe Small Caps Sri S-series Pab 5% Capped to open at 277.58€, and during the day (based on 14 day Average True Range), to move between 274.11€ and 279.59€, which gives a possible trading interval of +/-2.74€ (+/-0.99%) up or down from last closing price. If Bnp Paribas Easy Msci Europe Small Caps Sri S-series Pab 5% Capped takes out the full calculated possible swing range there will be an estimated 1.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 277.45€ (0.22%) than the support at 272.35€ (1.63%), 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 Msci Europe Small Caps Sri S-series Pab 5% Capped ETF A Buy?

The Bnp Paribas Easy Msci Europe Small Caps ETF holds several negative signals and despite the positive trend, we believe Bnp Paribas Easy Msci Europe Small Caps will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.

Current score: -2.253 Sell Candidate Unchanged

Predicted Opening Price for Bnp Paribas Easy Msci Europe Small Caps Sri S-series Pab 5% Capped of Monday, July 1, 2024

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