Amundi Index Solutions - Amundi S&p 500 ETF Forecast

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

H1D5.F Signals & Forecast

Mostly positive signals in the chart today. 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 132.54€ and 129.73€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 10.32%. 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). 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. 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 500 ETF

Amundi Index Solutions - Amundi S&p 500 finds support from accumulated volume at 131.20€ 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 0.245€ between high and low, or 0.184%. For the last week the ETF has had daily average volatility of 0.256%.

Our recommended stop-loss: 128.48€ (-3.48%) (This ETF has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 68 days ago.)

Trading Expectations (H1D5.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 Ucits Etf to open at 133.12€, and during the day (based on 14 day Average True Range), to move between 132.34€ and 133.89€, which gives a possible trading interval of +/-0.770€ (+/-0.58%) up or down from last closing price. If Amundi Index Solutions - Amundi S&p 500 Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.16% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 131.20€, some 1.92€ (1.44%) from the current price of 133.12€, our system finds the risk reward attractive.

Is Amundi Index Solutions - Amundi S&p 500 Ucits Etf ETF A Buy?

Amundi Index Solutions - Amundi S&p 500 holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.880 Strong Buy Candidate Upgraded

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

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