Amundi Index Solutions - Amundi Index Jp ETF Forecast
Amundi Index Solutions - Amundi Index Jp ETF price ended at 47.40€ on Friday, after losing 0.185%.
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi Index Jp ETF price fell by -0.185% on the last day (Friday, 28th Jun 2024) from 47.49€ to 47.40€. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.285% from a day low at 47.38€ to a day high of 47.51€. The price has fallen in 7 of the last 10 days and is down by -0.75% for this period. Volume has increased on the last day by 494 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, 7 thousand shares were bought and sold for approximately 351.18€ thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Amundi Index Solutions - Amundi Index Jp ETF with a 90% probability to be traded between 47.41€ and 48.04€ 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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EGOV.PA Signals & Forecast
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. The Amundi Index Solutions - Amundi Index Jp ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 47.59€ and 47.52€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.750%. Further fall is indicated until a new bottom pivot has been found. Amundi Index Solutions - Amundi Index Jp 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".
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Index Jp ETF
Amundi Index Solutions - Amundi Index Jp finds support from accumulated volume at 47.40€ 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 0.135€ between high and low, or 0.285%. For the last week the ETF has had daily average volatility of 0.286%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EGOV.PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Index Jp Morgan Emu Govies to open at 47.43€, and during the day (based on 14 day Average True Range), to move between 47.21€ and 47.59€, which gives a possible trading interval of +/-0.191€ (+/-0.40%) 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 0.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 47.40€ (0.01%) than the resistance at 47.42€ (0.04%), 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?
Amundi Index Solutions - Amundi Index Jp holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -1.034 Sell Candidate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Index Jp Morgan Emu Govies of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 47.43€ ( 0.0640%) | 47.40€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EGOV.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 47.56 | 0.349% |
| R2 | 47.51 | 0.240% |
| R1 | 47.48 | 0.173% |
| Price | 47.40 | |
| S1 | 47.38 | -0.0448% |
| S2 | 47.35 | -0.112% |
| S3 | 47.29 | -0.221% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 47.62 | 0.466% |
| R2 | 47.49 | 0.186% |
| R1 | 47.42 | 0.0422% |
| Price | 47.40 | |
| S1 | 47.40 | -0.0084% |
| S2 | 47.19 | -0.435% |
| S3 | 47.09 | -0.658% |
FAQ
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