Amundi Index Solutions - Amundi Index ETF Forecast

Stronger technical forecast for Amundi Index Solutions - Amundi Index ETF price after Thursday trading.
(Updated on May 09, 2024)

NRAM.PA 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, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at 127.46€ and 127.57€. 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). 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. 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 Tuesday, May 07, 2024, and so far it has fallen -0.0070%. Further fall is indicated until a new bottom pivot has been found.

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

Amundi Index Solutions - Amundi Index finds support from accumulated volume at 128.10€ 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€ between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.144%.

Our recommended stop-loss: 123.86€ (-3.76%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (NRAM.PA) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Amundi Index Solutions - Amundi Index MSCI North America UCITS ETF DR to open at 128.71€, and during the day (based on 14 day Average True Range), to move between 127.76€ and 129.65€, which gives a possible trading interval of +/-0.95€ (+/-0.74%) up or down from last closing price. If Amundi Index Solutions - Amundi Index MSCI North America UCITS ETF DR takes out the full calculated possible swing range there will be an estimated 1.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 128.73€ (0.02%) than the support at 128.10€ (0.47%), 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 North America 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.676 Buy Candidate Upgraded

Predicted Opening Price for Amundi Index Solutions - Amundi Index MSCI North America UCITS ETF DR of Friday, May 10, 2024

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