Amundi Index Solutions - Amundi Msci Usa ETF Forecast
Stronger technical forecast for Amundi Index Solutions - Amundi Msci Usa ETF price after Friday trading.
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi Msci Usa ETF price gained 0.238% on the last trading day (Friday, 28th Jun 2024), rising from 88.09€ to 88.30€. During the last trading day the ETF fluctuated 0.238% from a day low at 88.30€ to a day high of 88.51€. The price has risen in 6 of the last 10 days and is up by 1.56% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 115 more shares were traded than the day before. In total, 120 shares were bought and sold for approximately 10.60€ thousand.
The ETF lies in the middle of a narrow and weak 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 3.48% during the next 3 months and, with a 90% probability hold a price between 88.33€ and 92.17€ at the end of this 3-month period.
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MIVU.F Signals & Forecast
The Amundi Index Solutions - Amundi Msci Usa ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately 88.34€. On a fall, the ETF will find some support from the long-term average at approximately 86.48€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Amundi Index Solutions - Amundi Msci Usa 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. The very low volume increases the risk and reduces the other technical signals issued. 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 -0.653%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Tuesday, June 04, 2024 in the short-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
The ETF had a Golden Star Signal on Tuesday, June 04, 2024 in the short-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 Usa ETF
Amundi Index Solutions - Amundi Msci Usa finds support from accumulated volume at 86.76€ 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 0.210€ between high and low, or 0.238%. For the last week the ETF has had daily average volatility of 0.512%.
Our recommended stop-loss: 85.07€ (-3.65%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (MIVU.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Msci Usa Minimum Volatility Factor to open at 88.37€, and during the day (based on 14 day Average True Range), to move between 87.81€ and 88.79€, which gives a possible trading interval of +/-0.494€ (+/-0.56%) up or down from last closing price. If Amundi Index Solutions - Amundi Msci Usa Minimum Volatility Factor takes out the full calculated possible swing range there will be an estimated 1.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 88.36€ (0.07%) than the support at 86.76€ (1.74%), 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 Usa Minimum Volatility Factor 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 Index Solutions - Amundi Msci Usa ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.023 Buy Candidate Upgraded
Predicted Opening Price for Amundi Index Solutions - Amundi Msci Usa Minimum Volatility Factor of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
88.37€ ( 0.0793%) | 88.30€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MIVU.F
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 88.58 | 0.317% |
R2 | 88.50 | 0.226% |
R1 | 88.45 | 0.170% |
Price | 88.30 | |
S1 | 88.29 | -0.0116% |
S2 | 88.24 | -0.0677% |
S3 | 88.16 | -0.159% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 88.88 | 0.657% |
R2 | 88.56 | 0.294% |
R1 | 88.36 | 0.0680% |
Price | 88.30 | |
S1 | 86.76 | -1.74% |
S2 | 86.37 | -2.19% |
S3 | 85.89 | -2.73% |
FAQ
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