Amundi Index Solutions - Amundi Msci ETF Forecast

Red day on Tuesday for Amundi Index Solutions - Amundi Msci ETF after losing 0.266%
(Updated on Jun 25, 2024)

MIVA.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. 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 134.27€ and 133.72€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, June 24, 2024, and so far it has fallen -0.266%. Further fall is indicated until a new bottom pivot has been found. 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 Friday, April 19, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, July 18, 2023.

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 134.10€ 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 0.180€ between high and low, or 0.134%. For the last week the ETF has had daily average volatility of 0.376%

Our recommended stop-loss: 129.50€ (-3.95%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)

Trading Expectations (MIVA.F) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Amundi Index Solutions - Amundi Msci Europe Minimum Volatility Factor to open at 134.88€, and during the day (based on 14 day Average True Range), to move between 134.09€ and 135.55€, which gives a possible trading interval of +/-0.733€ (+/-0.54%) up or down from last closing price. If Amundi Index Solutions - Amundi Msci Europe Minimum Volatility Factor takes out the full calculated possible swing range there will be an estimated 1.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 134.98€ (0.12%) than the support at 134.10€ (0.53%), 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 Minimum Volatility Factor 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: 1.000 Buy Candidate Unchanged

Predicted Opening Price for Amundi Index Solutions - Amundi Msci Europe Minimum Volatility Factor of Wednesday, June 26, 2024

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