Bnp Paribas Easy Msci World Sri S-series ETF Forecast

Bnp Paribas Easy Msci World Sri S-series ETF upgraded to Buy Candidate.
(Updated on Jun 28, 2024)

EWRD.F Signals & Forecast

The Bnp Paribas Easy Msci World Sri S-series 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 17.17€ and 17.14€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 2.10%. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Bnp Paribas Easy Msci World Sri S-series ETF

Bnp Paribas Easy Msci World Sri S-series finds support from accumulated volume at 17.15€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved 0.0280€ between high and low, or 0.163%. For the last week the ETF has had daily average volatility of 0.514%

Our recommended stop-loss: 16.31€ (-5.06%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)

Trading Expectations (EWRD.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Bnp Paribas Easy Msci World Sri S-series Pab 5% Capped to open at 17.18€, and during the day (based on 14 day Average True Range), to move between 17.06€ and 17.30€, which gives a possible trading interval of +/-0.125€ (+/-0.73%) up or down from last closing price. If Bnp Paribas Easy Msci World Sri S-series Pab 5% Capped takes out the full calculated possible swing range there will be an estimated 1.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 17.20€ (0.12%) than the support at 17.15€ (0.19%), 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 World Sri S-series Pab 5% Capped 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 World Sri S-series ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.

Current score: 2.000 Buy Candidate Upgraded

Predicted Opening Price for Bnp Paribas Easy Msci World Sri S-series Pab 5% Capped of Monday, July 1, 2024

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