Bnp Paribas Easy Esg Equity Low Vol ETF Forecast

Bnp Paribas Easy Esg Equity Low Vol ETF price down 0.0923% on Friday
(Updated on Jun 21, 2024)

EVOE.PA Signals & Forecast

The Bnp Paribas Easy Esg Equity Low Vol 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 172.83€ and 172.71€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.756%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Bnp Paribas Easy Esg Equity Low Vol 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 Esg Equity Low Vol ETF

Bnp Paribas Easy Esg Equity Low Vol finds support from accumulated volume at 173.00€ 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 0.520€ between high and low, or 0.300%. For the last week the ETF has had daily average volatility of 0.214%.

Our recommended stop-loss: 165.04€ (-4.74%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (EVOE.PA) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Bnp Paribas Easy Esg Equity Low Vol Europe to open at 173.43€, and during the day (based on 14 day Average True Range), to move between 172.26€ and 174.26€, which gives a possible trading interval of +/-1.00€ (+/-0.58%) up or down from last closing price. If Bnp Paribas Easy Esg Equity Low Vol Europe takes out the full calculated possible swing range there will be an estimated 1.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 173.00€ (0.15%) than the resistance at 173.66€ (0.23%), 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 Esg Equity Low Vol Europe ETF A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Bnp Paribas Easy Esg Equity Low Vol ETF to perform well in the short-term period.

Current score: 1.004 Buy Candidate Unchanged

Predicted Opening Price for Bnp Paribas Easy Esg Equity Low Vol Europe of Monday, June 24, 2024

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