Amundi MSCI Semiconductors ESG Screened ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Amundi MSCI Semiconductors ESG Screened ETF after gaining 2.16%
(Updated on Jun 28, 2024)
The Amundi MSCI Semiconductors ESG Screened ETF price gained 2.16% on the last trading day (Friday, 28th Jun 2024), rising from 51.74€ to 52.86€. During the last trading day the ETF fluctuated 2.04% from a day low at 52.00€ to a day high of 53.06€. The price has risen in 6 of the last 10 days but is still down by -1.45% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 26 thousand shares were bought and sold for approximately 1.39€ million.
The ETF lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 30.17% during the next 3 months and, with a 90% probability hold a price between 64.48€ and 74.09€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
LSMC.F Signals & Forecast
The Amundi MSCI Semiconductors ESG Screened 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 52.58€ and 49.24€. A breakdown below any of these levels will issue sell signals. Amundi MSCI Semiconductors ESG Screened 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. Higher liquidity also reduces the general risk. 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 -4.64%. 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).
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 1.06€ between high and low, or 2.04%. For the last week, the ETF has had daily average volatility of 2.85%.
Our recommended stop-loss: 49.78€ (-5.82%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (LSMC.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi MSCI Semiconductors ESG Screened UCITS ETF to open at 52.64€, and during the day (based on 14 day Average True Range), to move between 51.52€ and 54.20€, which gives a possible trading interval of +/-1.34€ (+/-2.53%) 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 5.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 53.31€ (0.85%) than the support at 51.34€ (2.88%), 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 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.
Current score: 2.101 Buy Candidate Unchanged
Predicted Opening Price for Amundi MSCI Semiconductors ESG Screened UCITS ETF of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 52.64€ ( 0.416%) | 52.86€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LSMC.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 53.70 | 1.59% |
| R2 | 53.30 | 0.82% |
| R1 | 53.04 | 0.350% |
| Price | 52.86 | |
| S1 | 52.24 | -1.18% |
| S2 | 51.98 | -1.66% |
| S3 | 51.58 | -2.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 55.28 | 4.58% |
| R2 | 53.71 | 1.61% |
| R1 | 53.31 | 0.85% |
| Price | 52.86 | |
| S1 | 51.34 | -2.88% |
| S2 | 49.35 | -6.64% |
| S3 | 48.29 | -8.65% |
FAQ
Click here for our free guide on how to buy Amundi MSCI Semiconductors ESG Screened UCITS ETF ETF.
