Amundi Index Solutions - Amundi ETF Forecast
Amundi Index Solutions - Amundi ETF price took a fall of -12.51% on Wednesday
(Updated on Jun 26, 2024)
The Amundi Index Solutions - Amundi ETF price fell by -12.51% on the last day (Wednesday, 26th Jun 2024) from £32,022.50 to £28,015.01. During the last trading day the ETF fluctuated 0.88% from a day low at £27,770.60 to a day high of £28,015.01. The price has risen in 5 of the last 10 days but is still down by -12.37% for this period. Volume has increased on the last day by 243 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, 270 shares were bought and sold for approximately £7.56 million.
The ETF has broken the narrow and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at £30,682.42. A reaction back to this level may hold a second chance to get out before further falls.
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JPHG.L Signals & Forecast
There are few to no technical positive signals at the moment. The Amundi Index Solutions - Amundi 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 £30,937.51 and £31,310.02. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -12.51%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
A sell signal from a double top formation was found on Tuesday, June 25, 2024 with a target of £30,646.63. Despite whether the objective of the signal formation has been reached the ETF may continue to fall.
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
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 £244.41 between high and low, or 0.88%. For the last week the ETF has had daily average volatility of 0.221%.
Amundi Index Solutions - Amundi is oversold on RSI14 (22). 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 (JPHG.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Amundi Index Solutions - Amundi Jpx-nikkei 400 to open at £27,933.54, and during the day (based on 14 day Average True Range), to move between £27,480.24 and £28,549.78, which gives a possible trading interval of +/-£534.77 (+/-1.91%) up or down from last closing price. If Amundi Index Solutions - Amundi Jpx-nikkei 400 takes out the full calculated possible swing range there will be an estimated 3.82% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £30,842.50, some £2,827.49 (10.09%) from the current price of £28,015.01, our system finds the risk reward not very attractive.
Is Amundi Index Solutions - Amundi Jpx-nikkei 400 ETF A Buy?
The Amundi Index Solutions - Amundi ETF holds several negative signals and despite the positive trend, we believe Amundi Index Solutions - Amundi will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Sell candidate.
Current score: -2.848 Sell Candidate Downgraded
Predicted Opening Price for Amundi Index Solutions - Amundi Jpx-nikkei 400 of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| £27,933.54 ( 0.291%) | £28,015.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JPHG.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28,177.95 | 0.582% |
| R2 | 28,084.59 | 0.248% |
| R1 | 28,026.91 | 0.0425% |
| Price | 28,015.01 | |
| S1 | 27,840.18 | -0.624% |
| S2 | 27,782.49 | -0.83% |
| S3 | 27,689.13 | -1.16% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31,035.00 | 10.78% |
| R2 | 30,980.00 | 10.58% |
| R1 | 30,842.50 | 10.09% |
| Price | 28,015.01 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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