Bnp Paribas Easy Msci North America Esg ETF Forecast
Stronger technical forecast for Bnp Paribas Easy Msci North America Esg ETF price after Friday trading.
(Updated on Jun 28, 2024)
The Bnp Paribas Easy Msci North America Esg ETF price gained 0.594% on the last trading day (Friday, 28th Jun 2024), rising from 22.72€ to 22.86€. During the last trading day the ETF fluctuated 0.394% from a day low at 22.84€ to a day high of 22.93€. The price has risen in 7 of the last 10 days and is up by 1.15% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 239 more shares were traded than the day before. In total, 397 shares were bought and sold for approximately 9.07€ thousand.
The ETF lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 23.05€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 6.43% during the next 3 months and, with a 90% probability hold a price between 23.41€ and 24.53€ at the end of this 3-month period.
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ENOA.F Signals & Forecast
The Bnp Paribas Easy Msci North America 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 22.80€ and 22.22€. 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). Bnp Paribas Easy Msci North America 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 Thursday, June 20, 2024, and so far it has fallen -0.262%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Bnp Paribas Easy Msci North America Esg ETF
Bnp Paribas Easy Msci North America Esg finds support from accumulated volume at 21.74€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved 0.0900€ (0.394%) between high and low. For the last week, the ETF has had daily average volatility of 0.537%.
The Bnp Paribas Easy Msci North America Esg ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.
Our recommended stop-loss: 22.07€ (-3.42%) (This ETF has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (ENOA.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Bnp Paribas Easy Msci North America Esg Filtered Min Te to open at 22.88€, and during the day (based on 14 day Average True Range), to move between 22.72€ and 22.99€, which gives a possible trading interval of +/-0.137€ (+/-0.60%) up or down from last closing price. If Bnp Paribas Easy Msci North America Esg Filtered Min Te takes out the full calculated possible swing range there will be an estimated 1.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 22.92€ (0.26%) than the support at 21.74€ (4.88%), 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 Msci North America 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 North America Esg ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.535 Buy Candidate Upgraded
Predicted Opening Price for Bnp Paribas Easy Msci North America Esg Filtered Min Te of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 22.88€ ( 0.0875%) | 22.86€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENOA.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.97 | 0.481% |
| R2 | 22.93 | 0.331% |
| R1 | 22.91 | 0.238% |
| Price | 22.86 | |
| S1 | 22.84 | -0.0629% |
| S2 | 22.82 | -0.156% |
| S3 | 22.79 | -0.306% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 22.92 | 0.263% |
| Price | 22.86 | |
| S1 | 21.74 | -4.88% |
| S2 | 21.70 | -5.08% |
| S3 | 21.03 | -7.99% |
FAQ
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