Bnp Paribas Easy Ftse Epra/nareit ETF Forecast

Red day on Tuesday for Bnp Paribas Easy Ftse Epra/nareit
(Updated on Jun 25, 2024)

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 0.486%. 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 6.43€ and 6.76€. 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 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 0.0810€ between high and low, or 1.26%. For the last week the ETF has had daily average volatility of 1.23%.

Bnp Paribas Easy Ftse Epra/nareit is oversold on RSI14 (29). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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 Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Bnp Paribas Easy Ftse Epra/nareit Eurozone Capped to open at 6.44€, and during the day (based on 14 day Average True Range), to move between 6.32€ and 6.51€, which gives a possible trading interval of +/-0.0957€ (+/-1.49%) 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 2.99% 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€ (0.53%) than the resistance at 6.91€ (7.70%), 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: -1.004 Sell Candidate Unchanged

Predicted Opening Price for Bnp Paribas Easy Ftse Epra/nareit Eurozone Capped of Wednesday, June 26, 2024

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