Bnp Paribas Easy Energy & Metals ETF Forecast

Bnp Paribas Easy Energy & Metals ETF price down 0.84% on Friday
(Updated on Jun 21, 2024)

EMEH.F Signals & Forecast

The Bnp Paribas Easy Energy & Metals ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 11.08€ and 11.11€. A breakdown below any of these levels will issue sell signals. 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 Monday, May 20, 2024, and so far it has fallen -3.54%. 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 Tuesday, June 18, 2024 in the short-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 Bnp Paribas Easy Energy & Metals ETF

Bnp Paribas Easy Energy & Metals finds support from accumulated volume at 10.90€ 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 0.0700€ between high and low, or 0.630%. For the last week the ETF has had daily average volatility of 0.611%

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

Trading Expectations (EMEH.F) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Bnp Paribas Easy Energy & Metals Enhanced Roll to open at 11.14€, and during the day (based on 14 day Average True Range), to move between 11.01€ and 11.22€, which gives a possible trading interval of +/-0.106€ (+/-0.96%) up or down from last closing price. If Bnp Paribas Easy Energy & Metals Enhanced Roll takes out the full calculated possible swing range there will be an estimated 1.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 11.18€ (0.61%) than the support at 10.90€ (1.89%), 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 Energy & Metals Enhanced Roll ETF A Buy?

Bnp Paribas Easy Energy & Metals holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -1.942 Sell Candidate Unchanged

Predicted Opening Price for Bnp Paribas Easy Energy & Metals Enhanced Roll of Monday, June 24, 2024

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