Amundi Index Solutions - Amundi Index ETF Forecast

Amundi Index Solutions - Amundi Index ETF price up 0.756% on Friday
(Updated on Jun 28, 2024)

MWRD.MI Signals & Forecast

Mostly positive signals in the chart today. 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 119.23€ and 117.08€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 5.38%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Amundi Index Solutions - Amundi Index 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. Higher liquidity also reduces the general risk.

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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.90€ between high and low, or 0.755%. For the last week the ETF has had daily average volatility of 0.459%.

Our recommended stop-loss: 114.41€ (-4.61%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)

Trading Expectations (MWRD.MI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Index Msci World Ucits Etf Dr to open at 119.70€, and during the day (based on 14 day Average True Range), to move between 119.29€ and 120.59€, which gives a possible trading interval of +/-0.650€ (+/-0.54%) 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 1.08% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 118.02€, some 1.92€ (1.60%) from the current price of 119.94€, our system finds the risk reward attractive.

Is Amundi Index Solutions - Amundi Index Msci World Ucits Etf Dr 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 Index ETF to perform well in the short-term.

Current score: 4.772 Buy Candidate Unchanged

Predicted Opening Price for Amundi Index Solutions - Amundi Index Msci World Ucits Etf Dr of Monday, July 1, 2024

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