Amundi MSCI Semiconductors ESG Screened ETF Forecast

Amundi MSCI Semiconductors ESG Screened ETF upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)

LSMC.F Signals & Forecast

The Amundi MSCI Semiconductors ESG Screened ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately 53.37€. On a fall, the ETF will find some support from the long-term average at approximately 48.70€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -6.80%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Amundi MSCI Semiconductors ESG Screened ETF

Amundi MSCI Semiconductors ESG Screened finds support from accumulated volume at 51.34€ 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 and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved 1.41€ between high and low, or 2.73%. For the last week, the ETF has had daily average volatility of 3.20%.

Our recommended stop-loss: 48.66€ (-5.80%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 46 days ago.)

Trading Expectations (LSMC.F) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Amundi MSCI Semiconductors ESG Screened UCITS ETF to open at 52.13€, and during the day (based on 14 day Average True Range), to move between 50.31€ and 53.01€, which gives a possible trading interval of +/-1.35€ (+/-2.61%) up or down from last closing price. If Amundi MSCI Semiconductors ESG Screened UCITS ETF takes out the full calculated possible swing range there will be an estimated 5.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 51.34€ (0.62%) than the resistance at 53.31€ (3.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Amundi MSCI Semiconductors ESG Screened UCITS ETF ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Amundi MSCI Semiconductors ESG Screened ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.148 Buy Candidate Upgraded

Predicted Opening Price for Amundi MSCI Semiconductors ESG Screened UCITS ETF of Thursday, June 27, 2024

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