Amundi Index Solutions - Amundi Msci ETF Forecast
Amundi Index Solutions - Amundi Msci ETF price ended at 105.80€ on Friday, after losing 0.0378%.
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi Msci ETF price fell by -0.0378% on the last day (Friday, 28th Jun 2024) from 105.84€ to 105.80€. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.586% from a day low at 105.76€ to a day high of 106.38€. The price has fallen in 6 of the last 10 days but is still up by 1.21% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -3 thousand shares and in total, 358 shares were bought and sold for approximately 37.88€ thousand.
The ETF lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 105.37€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 6.05% during the next 3 months and, with a 90% probability hold a price between 111.74€ and 116.00€ at the end of this 3-month period.
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MCEU.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 106.30€ and 106.30€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -2.20%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Monday, August 28, 2023 in the long-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 12 Months
The ETF had a Golden Star Signal on Monday, August 28, 2023 in the long-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 Amundi Index Solutions - Amundi Msci ETF
Amundi Index Solutions - Amundi Msci finds support from accumulated volume at 105.56€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved 0.620€ between high and low, or 0.586%. For the last week the ETF has had daily average volatility of 0.718%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MCEU.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 Momentum Factor to open at 105.98€, and during the day (based on 14 day Average True Range), to move between 104.81€ and 106.79€, which gives a possible trading interval of +/-0.99€ (+/-0.93%) up or down from last closing price. If Amundi Index Solutions - Amundi Msci Europe Momentum Factor takes out the full calculated possible swing range there will be an estimated 1.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 105.84€ (0.04%) than the support at 105.56€ (0.23%), 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 Europe Momentum Factor ETF A Buy?
The Amundi Index Solutions - Amundi Msci ETF holds several negative signals and despite the positive trend, we believe Amundi Index Solutions - Amundi Msci will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -3.368 Sell Candidate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Msci Europe Momentum Factor of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 105.98€ ( 0.170%) | 105.80€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MCEU.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 106.60 | 0.756% |
| R2 | 106.36 | 0.532% |
| R1 | 106.22 | 0.394% |
| Price | 105.80 | |
| S1 | 105.74 | -0.0537% |
| S2 | 105.60 | -0.192% |
| S3 | 105.36 | -0.416% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 106.62 | 0.775% |
| R2 | 106.18 | 0.359% |
| R1 | 105.84 | 0.0378% |
| Price | 105.80 | |
| S1 | 105.56 | -0.227% |
| S2 | 104.54 | -1.19% |
| S3 | 104.06 | -1.64% |
FAQ
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