Bnp Paribas Easy Energy & Metals 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
Stronger technical forecast for Bnp Paribas Easy Energy & Metals ETF price after Thursday trading.
(Updated on Jun 27, 2024)
The Bnp Paribas Easy Energy & Metals ETF price gained 0.563% on the last trading day (Thursday, 27th Jun 2024), rising from 11.02€ to 11.08€. During the last trading day the ETF fluctuated 0.781% from a day low at 11.01€ to a day high of 11.09€. The price has been going up and down for this period, and there has been a 0.36% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 131 more shares were traded than the day before. In total, 133 shares were bought and sold for approximately 1.47€ thousand.
The ETF is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 10.94€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Bnp Paribas Easy Energy & Metals ETF with a 90% probability to be traded between 11.15€ and 11.83€ 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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EMEH.F Signals & Forecast
There are mixed signals in the ETF today. The Bnp Paribas Easy Energy & Metals 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 11.11€ and 11.13€. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 1.76%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Bnp Paribas Easy Energy & Metals 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.
Support, Risk & Stop-loss for Bnp Paribas Easy Energy & Metals ETF
Bnp Paribas Easy Energy & Metals finds support from accumulated volume at 10.98€ 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 0.0860€ between high and low, or 0.781%. For the last week the ETF has had daily average volatility of 0.604%.
Our recommended stop-loss: 10.47€ (-5.50%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (EMEH.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Bnp Paribas Easy Energy & Metals Enhanced Roll to open at 11.06€, and during the day (based on 14 day Average True Range), to move between 10.98€ and 11.17€, which gives a possible trading interval of +/-0.0965€ (+/-0.87%) 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 1.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 11.09€ (0.09%) than the support at 10.98€ (0.88%), 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?
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 Energy & Metals ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.
Current score: 1.022 Buy Candidate Upgraded
Predicted Opening Price for Bnp Paribas Easy Energy & Metals Enhanced Roll of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 11.06€ ( 0.175%) | 11.08€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EMEH.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.14 | 0.602% |
| R2 | 11.11 | 0.305% |
| R1 | 11.09 | 0.122% |
| Price | 11.08 | |
| S1 | 11.03 | -0.471% |
| S2 | 11.01 | -0.654% |
| S3 | 10.97 | -0.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.52 | 3.99% |
| R2 | 11.12 | 0.397% |
| R1 | 11.09 | 0.0903% |
| Price | 11.08 | |
| S1 | 10.98 | -0.88% |
| S2 | 10.90 | -1.59% |
| S3 | 10.45 | -5.67% |
FAQ
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