Bnp Paribas Easy Msci Usa Sri S-series ETF Forecast

Green day on Thursday for Bnp Paribas Easy Msci Usa Sri S-series
(Updated on Jun 27, 2024)

EKLD.PA Signals & Forecast

The Bnp Paribas Easy Msci Usa Sri S-series 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 20.10€. On a fall, the ETF will find some support from the long-term average at approximately 19.87€. 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). Bnp Paribas Easy Msci Usa Sri S-series has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Thursday, June 20, 2024, and so far it has fallen -0.97%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Bnp Paribas Easy Msci Usa Sri S-series ETF

Bnp Paribas Easy Msci Usa Sri S-series finds support from accumulated volume at 19.85€ 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 0.0927€ between high and low, or 0.464%. For the last week the ETF has had daily average volatility of 0.270%.

Our recommended stop-loss: 19.24€ (-3.88%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)

Trading Expectations (EKLD.PA) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Bnp Paribas Easy Msci Usa Sri S-series 5% Capped Ucits Etf Capitalisation to open at 20.01€, and during the day (based on 14 day Average True Range), to move between 19.87€ and 20.15€, which gives a possible trading interval of +/-0.141€ (+/-0.70%) up or down from last closing price. If Bnp Paribas Easy Msci Usa Sri S-series 5% Capped Ucits Etf Capitalisation takes out the full calculated possible swing range there will be an estimated 1.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 20.07€ (0.28%) than the support at 19.85€ (0.83%), 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 Usa Sri S-series 5% Capped Ucits Etf Capitalisation ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Bnp Paribas Easy Msci Usa Sri S-series ETF to perform well in the short-term.

Current score: 1.752 Buy Candidate Unchanged

Predicted Opening Price for Bnp Paribas Easy Msci Usa Sri S-series 5% Capped Ucits Etf Capitalisation of Friday, June 28, 2024

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