Amundi Index Solutions - Amundi Msci ETF Forecast
Amundi Index Solutions - Amundi Msci ETF price up 1.33% on Friday
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi Msci ETF price gained 1.33% on the last trading day (Friday, 28th Jun 2024), rising from 49.59€ to 50.25€. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 1.02% from a day low at 49.75€ to a day high of 50.25€. The price has risen in 7 of the last 10 days and is up by 2.32% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 more shares were traded than the day before. In total, 20 shares were bought and sold for approximately 1.01€ thousand.
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 50.06€, a level that may pose a second chance to hit a runner. According to fan-theory 52.71€ will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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JUPI.F Signals & Forecast
The Amundi Index Solutions - Amundi Msci 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 49.26€ and 49.27€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 3.70%. Further rise is indicated until a new top pivot has been found. Amundi Index Solutions - Amundi Msci 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 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 -4.61% to 47.93€ within 25 trading days since signal was issued (Monday, July 15, 2024).
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Msci ETF
Amundi Index Solutions - Amundi Msci finds support from accumulated volume at 49.47€ 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 0.505€ between high and low, or 1.02%. For the last week the ETF has had daily average volatility of 0.684%.
Our recommended stop-loss: 48.16€ (-4.17%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 45 days ago.)
Trading Expectations (JUPI.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Msci Japan Esg Broad Ctb to open at 50.08€, and during the day (based on 14 day Average True Range), to move between 49.81€ and 50.69€, which gives a possible trading interval of +/-0.441€ (+/-0.88%) up or down from last closing price. If Amundi Index Solutions - Amundi Msci Japan Esg Broad Ctb takes out the full calculated possible swing range there will be an estimated 1.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 50.30€ (0.10%) than the support at 49.47€ (1.55%), 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 Msci Japan Esg Broad Ctb ETF A Buy?
Amundi Index Solutions - Amundi Msci 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: 0.758 Hold/Accumulate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Msci Japan Esg Broad Ctb of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 50.08€ ( 0.335%) | 50.25€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JUPI.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 50.59 | 0.670% |
| R2 | 50.39 | 0.286% |
| R1 | 50.27 | 0.0489% |
| Price | 50.25 | |
| S1 | 49.89 | -0.719% |
| S2 | 49.77 | -0.96% |
| S3 | 49.58 | -1.34% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 50.98 | 1.45% |
| R2 | 50.73 | 0.96% |
| R1 | 50.30 | 0.0995% |
| Price | 50.25 | |
| S1 | 49.47 | -1.55% |
| S2 | 49.43 | -1.63% |
| S3 | 49.41 | -1.67% |
FAQ
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