Bnp Paribas Easy Ftse Epra/nareit ETF Forecast
Bnp Paribas Easy Ftse Epra/nareit ETF price ended at 6.48€ on Thursday, after gaining 1.44%.
(Updated on Jun 20, 2024)
The Bnp Paribas Easy Ftse Epra/nareit ETF price gained 1.44% on the last trading day (Thursday, 20th Jun 2024), rising from 6.38€ to 6.48€. During the last trading day the ETF fluctuated 1.05% from a day low at 6.41€ to a day high of 6.48€. The price has fallen in 7 of the last 10 days and is down by -6.27% for this period. Volume fell on the last day by -8 thousand shares and in total, 444 shares were bought and sold for approximately 2.87€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 6.39€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 7.44% during the next 3 months and, with a 90% probability hold a price between 6.87€ and 7.80€ at the end of this 3-month period.
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IM2A.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 1.44%. 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 Bnp Paribas Easy Ftse Epra/nareit 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 6.48€ and 6.79€. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Bnp Paribas Easy Ftse Epra/nareit ETF
Bnp Paribas Easy Ftse Epra/nareit finds support from accumulated volume at 6.38€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved 0.0670€ between high and low, or 1.05%. For the last week the ETF has had daily average volatility of 1.13%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IM2A.F) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Bnp Paribas Easy Ftse Epra/nareit Eurozone Capped to open at 6.45€, and during the day (based on 14 day Average True Range), to move between 6.38€ and 6.57€, which gives a possible trading interval of +/-0.0990€ (+/-1.53%) up or down from last closing price. If Bnp Paribas Easy Ftse Epra/nareit Eurozone Capped takes out the full calculated possible swing range there will be an estimated 3.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 6.38€ (1.47%) than the resistance at 6.91€ (6.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bnp Paribas Easy Ftse Epra/nareit Eurozone Capped ETF A Buy?
The Bnp Paribas Easy Ftse Epra/nareit ETF holds several negative signals and despite the positive trend, we believe Bnp Paribas Easy Ftse Epra/nareit will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -1.048 Sell Candidate Unchanged
Predicted Opening Price for Bnp Paribas Easy Ftse Epra/nareit Eurozone Capped of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| 6.45€ ( 0.345%) | 6.48€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IM2A.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.52 | 0.690% |
| R2 | 6.49 | 0.295% |
| R1 | 6.48 | 0.0504% |
| Price | 6.48 | |
| S1 | 6.43 | -0.740% |
| S2 | 6.41 | -0.98% |
| S3 | 6.39 | -1.38% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.97 | 7.69% |
| R2 | 6.95 | 7.34% |
| R1 | 6.91 | 6.69% |
| Price | 6.48 | |
| S1 | 6.38 | -1.47% |
| S2 | 6.37 | -1.62% |
| S3 | 6.29 | -2.86% |
FAQ
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