Amundi Index Solutions - Amundi Msci ETF Forecast

Amundi Index Solutions - Amundi Msci ETF downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)

EHF1.F 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 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 178.54€ and 179.11€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -2.53%. 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. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Thursday, November 09, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

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

Amundi Index Solutions - Amundi Msci finds support from accumulated volume at 176.42€ 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 1.24€ between high and low, or 0.701%. For the last week the ETF has had daily average volatility of 0.84%

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

Trading Expectations (EHF1.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Msci Europe High Dividend Factor to open at 177.40€, and during the day (based on 14 day Average True Range), to move between 175.61€ and 178.55€, which gives a possible trading interval of +/-1.47€ (+/-0.83%) up or down from last closing price. If Amundi Index Solutions - Amundi Msci Europe High Dividend Factor takes out the full calculated possible swing range there will be an estimated 1.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 176.42€ (0.37%) than the resistance at 179.08€ (1.13%), 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 High Dividend Factor ETF A Buy?

The Amundi Index Solutions - Amundi Msci ETF holds several negative signals and despite the positive trend, we believe Amundi Index Solutions - Amundi Msci will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.830 Sell Candidate Downgraded

Predicted Opening Price for Amundi Index Solutions - Amundi Msci Europe High Dividend Factor of Monday, July 1, 2024

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