Amundi Index Solutions - Amundi Index ETF Forecast

Evaluation of Amundi Index Solutions - Amundi Index ETF downgraded after the last trading session.
(Updated on Jun 26, 2024)

MWRD.MI Signals & Forecast

The Amundi Index Solutions - Amundi Index 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 119.04€ and 116.89€. 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 Thursday, June 20, 2024, and so far it has fallen -0.226%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Index ETF

Amundi Index Solutions - Amundi Index finds support from accumulated volume at 118.02€ 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 0.660€ between high and low, or 0.554%. For the last week the ETF has had daily average volatility of 0.385%

The Amundi Index Solutions - Amundi Index ETF is extremely overbought on RSI14 (85). This increases the short-term risk substantially.

Our recommended stop-loss: 115.75€ (-2.81%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (MWRD.MI) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Amundi Index Solutions - Amundi Index Msci World Ucits Etf Dr to open at 119.32€, and during the day (based on 14 day Average True Range), to move between 118.45€ and 119.75€, which gives a possible trading interval of +/-0.653€ (+/-0.55%) up or down from last closing price. If Amundi Index Solutions - Amundi Index Msci World Ucits Etf Dr takes out the full calculated possible swing range there will be an estimated 1.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 119.16€ (0.05%) than the support at 118.02€ (0.91%), 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 Index Msci World Ucits Etf Dr ETF A Buy?

Amundi Index Solutions - Amundi Index 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.268 Hold/Accumulate Downgraded

Predicted Opening Price for Amundi Index Solutions - Amundi Index Msci World Ucits Etf Dr of Thursday, June 27, 2024

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