BNP Paribas Easy Stoxx Europe 600 UCITS ETF Forecast
Red day on Friday for BNP Paribas Easy Stoxx Europe 600 UCITS ETF after losing 0.234%
(Updated on Jun 28, 2024)
The BNP Paribas Easy Stoxx Europe 600 UCITS ETF price fell by -0.234% on the last day (Friday, 28th Jun 2024) from 14.52€ to 14.48€. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.677% from a day low at 14.47€ to a day high of 14.57€. The price has fallen in 6 of the last 10 days but is still up by 0.32% over the past 2 weeks. Volume has increased on the last day by 37 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 38 thousand shares were bought and sold for approximately 556.83€ thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect BNP Paribas Easy Stoxx Europe 600 UCITS ETF with a 90% probability to be traded between 14.04€ and 14.38€ 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ETZD.PA Signals & Forecast
There are few to no technical positive signals at the moment. The BNP Paribas Easy Stoxx Europe 600 UCITS 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 14.60€ and 14.67€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -1.42%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). BNP Paribas Easy Stoxx Europe 600 UCITS gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for BNP Paribas Easy Stoxx Europe 600 UCITS ETF
BNP Paribas Easy Stoxx Europe 600 UCITS finds support from accumulated volume at 14.47€ 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 0.0980€ between high and low, or 0.677%. For the last week the ETF has had daily average volatility of 0.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ETZD.PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect BNP Paribas Easy Stoxx Europe 600 UCITS ETF EUR C to open at 14.51€, and during the day (based on 14 day Average True Range), to move between 14.34€ and 14.62€, which gives a possible trading interval of +/-0.140€ (+/-0.97%) up or down from last closing price. If BNP Paribas Easy Stoxx Europe 600 UCITS ETF EUR C takes out the full calculated possible swing range there will be an estimated 1.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 14.47€ (0.06%) than the resistance at 14.76€ (1.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BNP Paribas Easy Stoxx Europe 600 UCITS ETF EUR C ETF A Buy?
BNP Paribas Easy Stoxx Europe 600 UCITS holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -2.980 Sell Candidate Unchanged
Predicted Opening Price for BNP Paribas Easy Stoxx Europe 600 UCITS ETF EUR C of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 14.51€ ( 0.180%) | 14.48€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ETZD.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.61 | 0.86% |
| R2 | 14.57 | 0.598% |
| R1 | 14.55 | 0.438% |
| Price | 14.48 | |
| S1 | 14.47 | -0.0790% |
| S2 | 14.45 | -0.239% |
| S3 | 14.41 | -0.497% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.85 | 2.53% |
| R2 | 14.76 | 1.95% |
| R1 | 14.76 | 1.89% |
| Price | 14.48 | |
| S1 | 14.47 | -0.0552% |
| S2 | 14.44 | -0.318% |
| S3 | 0 | - |
ETZD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2023 | May 17, 2023 | May 22, 2023 | 0.100€ | 0.770% |
| 2 | May 18, 2022 | May 18, 2022 | May 20, 2022 | 0.110€ | 0.94% |
| 3 | May 18, 2021 | May 18, 2021 | May 20, 2021 | 0.0900€ | 0.766% |
| 4 | May 15, 2020 | May 15, 2020 | May 20, 2020 | 0.0900€ | 1.00% |
| 5 | May 09, 2019 | May 09, 2019 | May 14, 2019 | 0.0700€ | 0.727% |
FAQ
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