Amundi Index Solutions - Amundi Index ETF Forecast
Green day on Friday for Amundi Index Solutions - Amundi Index
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi Index ETF price gained 1.43% on the last trading day (Friday, 28th Jun 2024), rising from 256.03€ to 259.68€. During the last trading day the ETF fluctuated 1.12% from a day low at 256.81€ to a day high of 259.68€. The price has risen in 6 of the last 10 days and is up by 2.1% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 888 shares were bought and sold for approximately 230.60€ 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 ETFhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is 258.83€, a level that may pose a second chance to hit a runner. According to fan-theory 272.11€ will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
J1GR.F Signals & Forecast
The Amundi Index Solutions - Amundi Index ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 254.67€ and 254.70€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 3.76%. 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. 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 also not. The ETF had a Golden Star Signal on Friday, May 31, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Friday, May 31, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
A sell signal from a double top formation was found on Monday, June 10, 2024 and based on theory for this formation the price should fall by -4.48% to 248.05€ within 25 trading days since signal was issued (Monday, July 15, 2024).
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Index ETF
Amundi Index Solutions - Amundi Index finds support from accumulated volume at 256.03€ 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 2.87€ between high and low, or 1.12%. For the last week the ETF has had daily average volatility of 0.749%
Our recommended stop-loss: 246.52€ (-5.07%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (J1GR.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Index Msci Japan to open at 258.72€, and during the day (based on 14 day Average True Range), to move between 257.24€ and 262.12€, which gives a possible trading interval of +/-2.44€ (+/-0.94%) up or down from last closing price. If Amundi Index Solutions - Amundi Index Msci Japan takes out the full calculated possible swing range there will be an estimated 1.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 260.40€ (0.28%) than the support at 256.03€ (1.41%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Amundi Index Solutions - Amundi Index Msci Japan ETF A Buy?
Amundi Index Solutions - Amundi Index holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.757 Hold/Accumulate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Index Msci Japan of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 258.72€ ( 0.368%) | 259.68€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for J1GR.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 261.59 | 0.737% |
| R2 | 260.50 | 0.315% |
| R1 | 259.82 | 0.0538% |
| Price | 259.68 | |
| S1 | 257.63 | -0.791% |
| S2 | 256.95 | -1.05% |
| S3 | 255.85 | -1.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 264.02 | 1.67% |
| R2 | 263.56 | 1.49% |
| R1 | 260.40 | 0.277% |
| Price | 259.68 | |
| S1 | 256.03 | -1.41% |
| S2 | 250.94 | -3.37% |
| S3 | 250.60 | -3.50% |
FAQ
Click here for our free guide on how to buy Amundi Index Solutions - Amundi Index Msci Japan ETF.
