Amundi Index Solutions - Amundi S&p 500 ETF Forecast

Amundi Index Solutions - Amundi S&p 500 ETF upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)

F500.F Signals & Forecast

The Amundi Index Solutions - Amundi S&p 500 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 147.89€ and 143.17€. 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). Amundi Index Solutions - Amundi S&p 500 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. Higher liquidity also reduces the general risk. 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 -0.175%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Thursday, November 02, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for Amundi Index Solutions - Amundi S&p 500 ETF

On the downside, the ETF finds support just below today's level from accumulated volume at 140.82€ and 139.62€. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Amundi Index Solutions - Amundi S&p 500 finds support just below today's level at 140.82€. If this is broken, then the next support from accumulated volume will be at 139.62€ and 134.98€.

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 0.660€ (0.446%) between high and low. For the last week, the ETF has had daily average volatility of 0.532%.

Our recommended stop-loss: 143.13€ (-3.46%) (This ETF has low daily movements and this gives low risk. The RSI14 is 82 and this increases the risk substantially. There is a sell signal from a pivot top found 49 days ago.)

Trading Expectations (F500.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi S&p 500 Esg Ucits Etf Dr-c to open at 148.39€, and during the day (based on 14 day Average True Range), to move between 147.30€ and 149.22€, which gives a possible trading interval of +/-0.96€ (+/-0.64%) up or down from last closing price. If Amundi Index Solutions - Amundi S&p 500 Esg Ucits Etf Dr-c takes out the full calculated possible swing range there will be an estimated 1.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 148.52€ (0.18%) than the support at 140.82€ (5.02%), 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 Amundi Index Solutions - Amundi S&p 500 Esg Ucits Etf Dr-c 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 Amundi Index Solutions - Amundi S&p 500 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: 2.889 Buy Candidate Upgraded

Predicted Opening Price for Amundi Index Solutions - Amundi S&p 500 Esg Ucits Etf Dr-c of Monday, July 1, 2024

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