Amundi Index Solutions - Amundi Index ETF Forecast
Amundi Index Solutions - Amundi Index ETF price down 0.214% on Wednesday
(Updated on Jun 26, 2024)
The Amundi Index Solutions - Amundi Index ETF price fell by -0.214% on the last day (Wednesday, 26th Jun 2024) from 45.84€ to 45.74€. During the last trading day the ETF fluctuated 0.200% from a day low at 45.74€ to a day high of 45.83€. The price has risen in 7 of the last 10 days but is still down by -0.01% for this period. 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 -280 shares and in total, 505 shares were bought and sold for approximately 23.10€ thousand.
The ETF is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 45.64€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Amundi Index Solutions - Amundi Index ETF with a 90% probability to be traded between 46.34€ and 46.97€ 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.
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GOVH.PA Signals & Forecast
The Amundi Index Solutions - Amundi Index ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately 45.83€. On a fall, the ETF will find some support from the long-term average at approximately 45.59€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -0.638%. Further fall is indicated until a new bottom pivot has been found. 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 Index ETF
Amundi Index Solutions - Amundi Index finds support from accumulated volume at 45.68€ 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 0.0913€ between high and low, or 0.200%. For the last week the ETF has had daily average volatility of 0.289%
Our recommended stop-loss: 43.87€ (-4.08%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (GOVH.PA) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Amundi Index Solutions - Amundi Index J.p. Morgan Gbi Global Govies to open at 45.77€, and during the day (based on 14 day Average True Range), to move between 45.55€ and 45.93€, which gives a possible trading interval of +/-0.187€ (+/-0.41%) up or down from last closing price. If Amundi Index Solutions - Amundi Index J.p. Morgan Gbi Global Govies takes out the full calculated possible swing range there will be an estimated 0.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 45.68€ (0.13%) than the resistance at 45.82€ (0.17%), 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 Index J.p. Morgan Gbi Global Govies 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 Amundi Index Solutions - Amundi Index ETF to perform well in the short-term period.
Current score: 1.924 Buy Candidate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Index J.p. Morgan Gbi Global Govies of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 45.77€ ( 0.0665%) | 45.74€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GOVH.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 45.86 | 0.266% |
| R2 | 45.83 | 0.190% |
| R1 | 45.80 | 0.143% |
| Price | 45.74 | |
| S1 | 45.73 | -0.0097% |
| S2 | 45.71 | -0.0568% |
| S3 | 45.68 | -0.133% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 45.83 | 0.205% |
| R2 | 45.83 | 0.196% |
| R1 | 45.82 | 0.170% |
| Price | 45.74 | |
| S1 | 45.68 | -0.135% |
| S2 | 45.43 | -0.684% |
| S3 | 45.39 | -0.766% |
FAQ
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