Bnp Paribas Easy Msci Emerging Esg ETF Forecast
Bnp Paribas Easy Msci Emerging Esg ETF price ended at 11.04€ on Thursday, after gaining 0.0544%.
(Updated on Jun 27, 2024)
The Bnp Paribas Easy Msci Emerging Esg ETF price gained 0.0544% on the last trading day (Thursday, 27th Jun 2024), rising from 11.03€ to 11.04€. During the last trading day the ETF fluctuated 0.598% from a day low at 11.04€ to a day high of 11.10€. The price has been going up and down for this period, and there has been a 1.53% 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, 2 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately 42.32€ 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 5.62% during the next 3 months and, with a 90% probability hold a price between 11.30€ and 12.05€ 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 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 11.07€. On a fall, the ETF will find some support from the long-term average at approximately 10.91€. 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 Emerging Esg 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 Wednesday, June 19, 2024, and so far it has fallen -0.720%. Further fall is indicated until a new bottom pivot has been found. 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 -8.69% 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.0660€ between high and low, or 0.598%. For the last week the ETF has had daily average volatility of 0.562%.
Our recommended stop-loss: 10.63€ (-3.63%) (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 (EMKX.F) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Bnp Paribas Easy Msci Emerging Esg Filtered Min Te to open at 11.06€, and during the day (based on 14 day Average True Range), to move between 10.93€ and 11.14€, which gives a possible trading interval of +/-0.102€ (+/-0.93%) 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 1.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 11.05€ (0.13%) than the support at 10.54€ (4.49%), 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: 1.226 Buy Candidate Unchanged
Predicted Opening Price for Bnp Paribas Easy Msci Emerging Esg Filtered Min Te of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 11.06€ ( 0.199%) | 11.04€ |
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 | 11.12 | 0.797% |
| R2 | 11.10 | 0.569% |
| R1 | 11.08 | 0.428% |
| Price | 11.04 | |
| S1 | 11.03 | -0.0291% |
| S2 | 11.02 | -0.170% |
| S3 | 10.99 | -0.399% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.10 | 0.616% |
| R2 | 11.09 | 0.471% |
| R1 | 11.05 | 0.127% |
| Price | 11.04 | |
| S1 | 10.54 | -4.49% |
| S2 | 10.51 | -4.77% |
| S3 | 10.27 | -6.94% |
FAQ
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