Amundi Index Solutions - Amundi Msci ETF Forecast

Amundi Index Solutions - Amundi Msci ETF upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)

MIVA.F 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. On corrections up, there will be some resistance from the lines at 134.24€ and 133.79€. 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 -1.55%. 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 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 129.48€ 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 0.88€ between high and low, or 0.662%. For the last week the ETF has had daily average volatility of 0.721%

Our recommended stop-loss: 127.46€ (-4.22%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)

Trading Expectations (MIVA.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Msci Europe Minimum Volatility Factor to open at 133.25€, and during the day (based on 14 day Average True Range), to move between 132.25€ and 133.91€, which gives a possible trading interval of +/-0.83€ (+/-0.62%) 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 1.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 133.92€ (0.63%) than the support at 129.48€ (2.71%), 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 negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.571 Hold/Accumulate Upgraded

Predicted Opening Price for Amundi Index Solutions - Amundi Msci Europe Minimum Volatility Factor of Monday, July 1, 2024

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