Bnp Paribas Easy Jpm Esg Embi Global ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Bnp Paribas Easy Jpm Esg Embi Global ETF price ended at 9.16€ on Thursday, after losing 0.0120%.
(Updated on Jun 27, 2024)
The Bnp Paribas Easy Jpm Esg Embi Global ETF price fell by -0.0120% on the last day (Thursday, 27th Jun 2024) from 9.16€ to 9.16€. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.442% from a day low at 9.15€ to a day high of 9.19€. The price has fallen in 6 of the last 10 days and is down by -0.18% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -435 shares and in total, 744 shares were bought and sold for approximately 6.81€ thousand.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 9.15€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Bnp Paribas Easy Jpm Esg Embi Global ETF with a 90% probability to be traded between 9.27€ and 9.38€ 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
EMBI.PA Signals & Forecast
The Bnp Paribas Easy Jpm Esg Embi Global 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 9.17€. On a fall, the ETF will find some support from the long-term average at approximately 9.13€. 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 Friday, June 14, 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. The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Friday, June 14, 2024 and based on theory for this formation the price should fall by -0.460% to 9.12€ within 6 trading days since signal was issued (Monday, June 24, 2024).
Support, Risk & Stop-loss for Bnp Paribas Easy Jpm Esg Embi Global ETF
Bnp Paribas Easy Jpm Esg Embi Global finds support from accumulated volume at 9.12€ 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 0.0404€ between high and low, or 0.442%. For the last week the ETF has had daily average volatility of 0.303%
Our recommended stop-loss: 8.81€ (-3.80%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (EMBI.PA) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Bnp Paribas Easy Jpm Esg Embi Global Diversified Composite to open at 9.17€, and during the day (based on 14 day Average True Range), to move between 9.12€ and 9.20€, which gives a possible trading interval of +/-0.0395€ (+/-0.43%) up or down from last closing price. If Bnp Paribas Easy Jpm Esg Embi Global Diversified Composite takes out the full calculated possible swing range there will be an estimated 0.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 9.18€ (0.18%) than the support at 9.12€ (0.40%), 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 Jpm Esg Embi Global Diversified Composite 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 Bnp Paribas Easy Jpm Esg Embi Global ETF to perform well in the short-term period.
Current score: 3.838 Buy Candidate Unchanged
Predicted Opening Price for Bnp Paribas Easy Jpm Esg Embi Global Diversified Composite of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 9.17€ ( 0.0750%) | 9.16€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EMBI.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.21 | 0.516% |
| R2 | 9.19 | 0.348% |
| R1 | 9.18 | 0.243% |
| Price | 9.16 | |
| S1 | 9.15 | -0.0935% |
| S2 | 9.14 | -0.198% |
| S3 | 9.13 | -0.366% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.20 | 0.463% |
| R2 | 9.19 | 0.385% |
| R1 | 9.18 | 0.183% |
| Price | 9.16 | |
| S1 | 9.12 | -0.396% |
| S2 | 9.08 | -0.81% |
| S3 | 9.08 | -0.81% |
FAQ
Click here for our free guide on how to buy Bnp Paribas Easy Jpm Esg Embi Global Diversified Composite ETF.
