Amundi Index Solutions - Amundi S&p ETF Forecast
Red day on Friday for Amundi Index Solutions - Amundi S&p ETF after losing 0.82%
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi S&p ETF price fell by -0.82% on the last day (Friday, 28th Jun 2024) from 202.16€ to 200.51€. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.91% from a day low at 200.26€ to a day high of 202.08€. The price has been going up and down for this period, and there has been a 0.16% gain for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -42 shares and in total, 68 shares were bought and sold for approximately 13.63€ thousand.
The ETF lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -4.49% during the next 3 months and, with a 90% probability hold a price between 189.72€ and 196.20€ at the end of this 3-month period. 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GLUX.PA Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.162%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Amundi Index Solutions - Amundi S&p 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 202.54€ and 204.13€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi S&p ETF
Amundi Index Solutions - Amundi S&p finds support from accumulated volume at 200.19€ 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 1.82€ between high and low, or 0.91%. For the last week the ETF has had daily average volatility of 1.08%
Our recommended stop-loss: 187.99€ (-6.25%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (GLUX.PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi S&p Global Luxury to open at 200.95€, and during the day (based on 14 day Average True Range), to move between 198.53€ and 202.50€, which gives a possible trading interval of +/-1.98€ (+/-0.99%) up or down from last closing price. If Amundi Index Solutions - Amundi S&p Global Luxury takes out the full calculated possible swing range there will be an estimated 1.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 200.19€ (0.16%) than the resistance at 201.61€ (0.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Amundi Index Solutions - Amundi S&p Global Luxury ETF A Buy?
Amundi Index Solutions - Amundi S&p holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.774 Hold/Accumulate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi S&p Global Luxury of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 200.95€ ( 0.217%) | 200.51€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLUX.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 202.77 | 1.12% |
| R2 | 202.07 | 0.778% |
| R1 | 201.64 | 0.564% |
| Price | 200.51 | |
| S1 | 200.25 | -0.130% |
| S2 | 199.82 | -0.344% |
| S3 | 199.13 | -0.691% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 208.79 | 4.13% |
| R2 | 203.38 | 1.43% |
| R1 | 201.61 | 0.546% |
| Price | 200.51 | |
| S1 | 200.19 | -0.162% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Amundi Index Solutions - Amundi S&p Global Luxury ETF.
