Amundi Index Solutions - Amundi Msci ETF Forecast
Amundi Index Solutions - Amundi Msci ETF downgraded to Sell Candidate
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi Msci ETF price fell by -0.317% on the last day (Friday, 28th Jun 2024) from 78.82€ to 78.57€. During the last trading day the ETF fluctuated 0.344% from a day low at 78.57€ to a day high of 78.84€. The price has fallen in 5 of the last 10 days but is still up by 0.2% over the past 2 weeks. Volume has increased on the last day by 62 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, 64 shares were bought and sold for approximately 5.03€ thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Amundi Index Solutions - Amundi Msci ETF with a 90% probability to be traded between 77.94€ and 79.92€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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LWCE.PA Signals & Forecast
There are few to no technical positive signals at the moment. The Amundi Index Solutions - Amundi Msci 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 79.06€ and 79.09€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -1.18%. 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). Amundi Index Solutions - Amundi Msci gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Monday, June 17, 2024 and based on theory for this formation the price should go up by 3.40% to 81.24€ within 13 trading days since signal was issued (Thursday, July 04, 2024).
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Msci ETF
Amundi Index Solutions - Amundi Msci finds support from accumulated volume at 78.41€ 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 0.270€ between high and low, or 0.344%. For the last week the ETF has had daily average volatility of 0.522%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LWCE.PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Msci Europe Climate Transition Ctb to open at 78.66€, and during the day (based on 14 day Average True Range), to move between 78.06€ and 79.08€, which gives a possible trading interval of +/-0.515€ (+/-0.66%) up or down from last closing price. If Amundi Index Solutions - Amundi Msci Europe Climate Transition Ctb takes out the full calculated possible swing range there will be an estimated 1.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 78.41€ (0.20%) than the resistance at 79.01€ (0.56%), 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 Index Solutions - Amundi Msci Europe Climate Transition Ctb ETF A Buy?
Amundi Index Solutions - Amundi Msci holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Hold/Accumulate to a Sell candidate.
Current score: -2.388 Sell Candidate Downgraded
Predicted Opening Price for Amundi Index Solutions - Amundi Msci Europe Climate Transition Ctb of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 78.66€ ( 0.115%) | 78.57€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LWCE.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 78.93 | 0.458% |
| R2 | 78.83 | 0.327% |
| R1 | 78.76 | 0.246% |
| Price | 78.57 | |
| S1 | 78.56 | -0.0167% |
| S2 | 78.49 | -0.0978% |
| S3 | 78.39 | -0.229% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 79.32 | 0.95% |
| R2 | 79.26 | 0.88% |
| R1 | 79.01 | 0.560% |
| Price | 78.57 | |
| S1 | 78.41 | -0.204% |
| S2 | 78.36 | -0.267% |
| S3 | 78.10 | -0.598% |
FAQ
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