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Future Of Defence Ucits Etf ETF Forecast

9.87€
+0.0530 (+0.540%)
At Close: Jun 28, 2024
RSI low/high Values: [ 15 - 70 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NATO.MI
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Future Of Defence Ucits Etf ETF price up 0.540% on Friday
(Updated on Jun 28, 2024)

Buy candidate since Jun 27, 2024 Gain 0.54% PDF

The Future Of Defence Ucits Etf ETF price gained 0.540% on the last trading day (Friday, 28th Jun 2024), rising from 9.82€ to 9.87€. During the last trading day the ETF fluctuated 0.567% from a day low at 9.87€ to a day high of 9.93€. The price has risen in 7 of the last 10 days and is up by 2.38% 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, 3 thousand more shares were traded than the day before. In total, 29 thousand shares were bought and sold for approximately 285.29€ thousand.

The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 9.91€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Future Of Defence Ucits Etf ETF with a 90% probability to be traded between 9.70€ and 9.95€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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NATO.MI Signals & Forecast

The Future Of Defence Ucits Etf 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 9.84€ and 9.78€. 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). Future Of Defence Ucits Etf 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. 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 -0.172%. Further fall is indicated until a new bottom pivot has been found.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Monday, June 24, 2024 and based on theory for this formation the price should fall by -3.86% to 9.49€ within 10 trading days since signal was issued (Monday, July 08, 2024).

Support, Risk & Stop-loss for Future Of Defence Ucits Etf ETF

Future Of Defence Ucits Etf finds support from accumulated volume at 9.80€ 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 0.0560€ between high and low, or 0.567%. For the last week the ETF has had daily average volatility of 0.87%.

Our recommended stop-loss: 9.47€ (-4.05%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Future Of Defence Ucits Etf to open at 9.89€, and during the day (based on 14 day Average True Range), to move between 9.77€ and 9.97€, which gives a possible trading interval of +/-0.104€ (+/-1.05%) up or down from last closing price. If Future Of Defence Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 9.87€ (0.02%) than the support at 9.80€ (0.72%), 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 Future Of Defence Ucits Etf ETF A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Future Of Defence Ucits Etf ETF to perform well in the short-term period.

Current score: 2.637 Buy Candidate Unchanged

Predicted Opening Price for Future Of Defence Ucits Etf of Monday, July 1, 2024

Fair opening price July 1, 2024 Current price
9.89€ ( 0.189%) 9.87€

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

Trading levels for NATO.MI

Fibonacci Support & Resistance Levels

Level Price
R3 9.94 0.757%
R2 9.92 0.540%
R1 9.91 0.406%
Price 9.87
S1 9.87 -0.0276%
S2 9.85 -0.162%
S3 9.83 -0.378%

Accumulated Volume Support & Resistance Levels

Level Price
R3 9.92 0.557%
R2 9.88 0.132%
R1 9.87 0.0203%
Price 9.87
S1 9.80 -0.719%
S2 9.76 -1.07%
S3 9.63 -2.43%

FAQ

What is the symbol for Future Of Defence Ucits Etf ETF and on which exchange is it traded?
The symbol for Future Of Defence Ucits Etf is NATO.MI and it is traded on the MIL (Milan Stock Exchange).

Should I buy or sell Future Of Defence Ucits Etf ETF?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Future Of Defence Ucits Etf ETF to perform well in the short-term period.

How to buy Future Of Defence Ucits Etf ETF?
Future Of Defence Ucits Etf ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Future Of Defence Ucits Etf ETF.

What's the current price of Future Of Defence Ucits Etf ETF?
As of the end of day on the Jun 28, 2024, the price of an Future Of Defence Ucits Etf (NATO.MI) share was 9.87€.

What is the 52-week high and low for Future Of Defence Ucits Etf ETF?
The 52-week high for Future Of Defence Ucits Etf ETF is 9.96€ and the 52-week low is 9.61€.

What is the market capitalization of Future Of Defence Ucits Etf ETF?
As of the Jun 28, 2024, the market capitalization of Future Of Defence Ucits Etf is 386.039M.
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