Bnp Paribas Easy Msci Japan Sri S-series ETF Forecast

Bnp Paribas Easy Msci Japan Sri S-series ETF price ended at 20.99€ on Friday, after gaining 0.89%.
(Updated on Jun 28, 2024)

JSRI.F Signals & Forecast

The Bnp Paribas Easy Msci Japan Sri S-series 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 20.72€ and 20.72€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 3.45%. Further rise is indicated until a new top pivot has been found. Bnp Paribas Easy Msci Japan Sri S-series 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. 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). The ETF had a Golden Star Signal on Monday, June 24, 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.

Support, Risk & Stop-loss for Bnp Paribas Easy Msci Japan Sri S-series ETF

Bnp Paribas Easy Msci Japan Sri S-series finds support from accumulated volume at 20.93€ 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 0.235€ between high and low, or 1.13%. For the last week the ETF has had daily average volatility of 0.709%.

Our recommended stop-loss: 19.98€ (-4.77%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 39 days ago.)

Trading Expectations (JSRI.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Bnp Paribas Easy Msci Japan Sri S-series Pab 5% Capped to open at 20.94€, and during the day (based on 14 day Average True Range), to move between 20.81€ and 21.16€, which gives a possible trading interval of +/-0.171€ (+/-0.81%) up or down from last closing price. If Bnp Paribas Easy Msci Japan Sri S-series Pab 5% Capped takes out the full calculated possible swing range there will be an estimated 1.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 21.01€ (0.12%) than the support at 20.93€ (0.29%), 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 Bnp Paribas Easy Msci Japan Sri S-series Pab 5% Capped ETF A Buy?

Several short-term signals are positive, despite the ETF being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for ETF to perform well in the short-term.

Current score: 2.011 Buy Candidate Unchanged

Predicted Opening Price for Bnp Paribas Easy Msci Japan Sri S-series Pab 5% Capped of Monday, July 1, 2024

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