BNP Paribas Easy S&P 500 UCITS EUR C ETF Forecast

BNP Paribas Easy S&P 500 UCITS EUR C ETF upgraded to Strong Buy Candidate.
(Updated on Jun 28, 2024)

ESE.PA Signals & Forecast

Mostly positive signals in the chart today. The BNP Paribas Easy S&P 500 UCITS EUR C 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 25.52€ and 24.75€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 9.96%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for BNP Paribas Easy S&P 500 UCITS EUR C ETF

BNP Paribas Easy S&P 500 UCITS EUR C finds support from accumulated volume at 24.41€ 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 0.173€ (0.674%) between high and low. For the last week, the ETF has had daily average volatility of 0.562%.

The BNP Paribas Easy S&P 500 UCITS EUR C ETF is extremely overbought on RSI14 (89). This increases the short-term risk substantially.

Our recommended stop-loss: 24.77€ (-3.22%) (This ETF has low daily movements and this gives low risk. The RSI14 is 89 and this increases the risk substantially. There is a buy signal from a pivot bottom found 63 days ago.)

Trading Expectations (ESE.PA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect BNP Paribas Easy S&P 500 UCITS ETF EUR C to open at 25.64€, and during the day (based on 14 day Average True Range), to move between 25.42€ and 25.77€, which gives a possible trading interval of +/-0.173€ (+/-0.68%) up or down from last closing price. If BNP Paribas Easy S&P 500 UCITS ETF EUR C takes out the full calculated possible swing range there will be an estimated 1.35% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 24.41€, some 1.19€ (4.64%) from the current price of 25.60€, our system finds the risk reward attractive.

Is BNP Paribas Easy S&P 500 UCITS ETF EUR C ETF A Buy?

BNP Paribas Easy S&P 500 UCITS EUR C holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.370 Strong Buy Candidate Upgraded

Predicted Opening Price for BNP Paribas Easy S&P 500 UCITS ETF EUR C of Monday, July 1, 2024

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