Amundi Index Solutions - Amundi Index Jp ETF Forecast

Amundi Index Solutions - Amundi Index Jp ETF upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)

EGOV.PA Signals & Forecast

The Amundi Index Solutions - Amundi Index Jp ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately 47.66€. On a fall, the ETF will find some support from the long-term average at approximately 47.52€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, June 18, 2024, and so far it has fallen -0.461%. Further fall is indicated until a new bottom pivot has been found. 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.

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

Amundi Index Solutions - Amundi Index Jp finds support from accumulated volume at 47.49€ 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 0.150€ between high and low, or 0.316%. For the last week the ETF has had daily average volatility of 0.265%

Our recommended stop-loss: 45.55€ (-4.17%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (EGOV.PA) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Amundi Index Solutions - Amundi Index Jp Morgan Emu Govies to open at 47.59€, and during the day (based on 14 day Average True Range), to move between 47.34€ and 47.73€, which gives a possible trading interval of +/-0.194€ (+/-0.41%) up or down from last closing price. If Amundi Index Solutions - Amundi Index Jp Morgan Emu Govies takes out the full calculated possible swing range there will be an estimated 0.82% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 47.49€ (0.11%) than the resistance at 47.62€ (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 Index Jp Morgan Emu Govies 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 Jp ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.256 Buy Candidate Upgraded

Predicted Opening Price for Amundi Index Solutions - Amundi Index Jp Morgan Emu Govies of Thursday, June 27, 2024

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