Amundi Index Solutions - Amundi Msci ETF Forecast

Amundi Index Solutions - Amundi Msci ETF price ended at 105.84€ on Friday, after losing 0%.
(Updated on Jun 28, 2024)

MJMT.F Signals & Forecast

Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the ETF should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 106.31€ and 106.34€. 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 -2.14%. 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). 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 105.20€ 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 0.600€ between high and low, or 0.567%. For the last week the ETF has had daily average volatility of 0.767%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MJMT.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 Momentum Factor to open at 106.00€, and during the day (based on 14 day Average True Range), to move between 104.79€ and 106.89€, which gives a possible trading interval of +/-1.05€ (+/-0.99%) 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 1.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 106.16€ (0.30%) than the support at 105.20€ (0.60%), 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: -3.434 Sell Candidate Unchanged

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

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