Bnp Paribas Easy Msci Emerging Esg ETF Forecast
Bnp Paribas Easy Msci Emerging Esg ETF price ended at 11.09€ on Friday, after losing 0.0901%.
(Updated on Jun 21, 2024)
The Bnp Paribas Easy Msci Emerging Esg ETF price fell by -0.0901% on the last day (Friday, 21st Jun 2024) from 11.10€ to 11.09€. During the last trading day the ETF fluctuated 0.379% from a day low at 11.09€ to a day high of 11.14€. The price has risen in 6 of the last 10 days and is up by 2.93% over the past 2 weeks. 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 -11 thousand shares and in total, 6 thousand shares were bought and sold for approximately 66.29€ thousand.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 5.72% during the next 3 months and, with a 90% probability hold a price between 11.27€ and 12.02€ at the end of this 3-month period.
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EMKX.F Signals & Forecast
The Bnp Paribas Easy Msci Emerging Esg ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 11.03€ and 10.88€. 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 Wednesday, June 19, 2024, and so far it has fallen -0.198%. 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, December 07, 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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Thursday, December 07, 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.
A sell signal from a double top formation was found on Wednesday, June 19, 2024 and based on theory for this formation the price should fall by -9.17% to 10.08€ within 23 trading days since signal was issued (Monday, July 22, 2024).
Support, Risk & Stop-loss for Bnp Paribas Easy Msci Emerging Esg ETF
Bnp Paribas Easy Msci Emerging Esg finds support from accumulated volume at 10.54€ 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 0.0420€ between high and low, or 0.379%. For the last week the ETF has had daily average volatility of 0.621%
Our recommended stop-loss: 10.70€ (-3.56%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (EMKX.F) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Bnp Paribas Easy Msci Emerging Esg Filtered Min Te to open at 11.11€, and during the day (based on 14 day Average True Range), to move between 10.99€ and 11.20€, which gives a possible trading interval of +/-0.109€ (+/-0.98%) up or down from last closing price. If Bnp Paribas Easy Msci Emerging Esg Filtered Min Te takes out the full calculated possible swing range there will be an estimated 1.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 11.10€ (0.09%) than the support at 10.54€ (4.99%), 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 Emerging Esg Filtered Min Te 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 Emerging Esg ETF to perform well in the short-term.
Current score: 4.843 Buy Candidate Unchanged
Predicted Opening Price for Bnp Paribas Easy Msci Emerging Esg Filtered Min Te of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 11.11€ ( 0.126%) | 11.09€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EMKX.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.15 | 0.505% |
| R2 | 11.13 | 0.360% |
| R1 | 11.12 | 0.271% |
| Price | 11.09 | |
| S1 | 11.09 | -0.0184% |
| S2 | 11.08 | -0.108% |
| S3 | 11.07 | -0.252% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.12 | 0.234% |
| R2 | 11.12 | 0.198% |
| R1 | 11.10 | 0.0901% |
| Price | 11.09 | |
| S1 | 10.54 | -4.99% |
| S2 | 10.51 | -5.26% |
| S3 | 10.27 | -7.43% |
FAQ
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