Amundi Index Solutions - Amundi Index ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Amundi Index Solutions - Amundi Index ETF price ended at 45.62€ on Friday, after losing 0.343%.
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi Index ETF price fell by -0.343% on the last day (Friday, 28th Jun 2024) from 45.77€ to 45.62€. During the last trading day the ETF fluctuated 0.339% from a day low at 45.62€ to a day high of 45.77€. The price has risen in 6 of the last 10 days but is still down by -0.91% for this period. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 thousand shares were bought and sold for approximately 179.36€ 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 45.60€ 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 46.24€ and 46.92€ 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 45.77€. On a fall, the ETF will find some support from the long-term average at approximately 45.60€. 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 -0.91%. Further fall is indicated until a new bottom pivot has been found. Amundi Index Solutions - Amundi Index 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 Amundi Index Solutions - Amundi Index ETF
Amundi Index Solutions - Amundi Index finds support from accumulated volume at 45.51€ 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 0.154€ between high and low, or 0.339%. For the last week the ETF has had daily average volatility of 0.303%.
Our recommended stop-loss: 44.28€ (-2.93%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (GOVH.PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Index J.p. Morgan Gbi Global Govies to open at 45.67€, and during the day (based on 14 day Average True Range), to move between 45.43€ and 45.80€, which gives a possible trading interval of +/-0.186€ (+/-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 45.51€ (0.23%) than the resistance at 45.82€ (0.44%), 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: 1.491 Buy Candidate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Index J.p. Morgan Gbi Global Govies of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 45.67€ ( 0.113%) | 45.62€ |
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 | 45.82 | 0.452% |
| R2 | 45.76 | 0.322% |
| R1 | 45.73 | 0.242% |
| Price | 45.62 | |
| S1 | 45.61 | -0.0165% |
| S2 | 45.57 | -0.0964% |
| S3 | 45.51 | -0.226% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 45.83 | 0.475% |
| R2 | 45.83 | 0.466% |
| R1 | 45.82 | 0.440% |
| Price | 45.62 | |
| S1 | 45.51 | -0.228% |
| S2 | 45.43 | -0.416% |
| S3 | 45.39 | -0.498% |
FAQ
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