Amundi Etf Pea Msci Emerging Asia Ucits ETF Forecast

Amundi Etf Pea Msci Emerging Asia Ucits ETF upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)

PAASI.PA Signals & Forecast

Mostly positive signals in the chart today. The Amundi Etf Pea Msci Emerging Asia Ucits ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately 22.64€. On a fall, the ETF will find some support from the long-term average at approximately 22.55€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 3.78%. 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 Etf Pea Msci Emerging Asia Ucits 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. The ETF had a Golden Star Signal on Monday, June 17, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, October 10, 2023.

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 Etf Pea Msci Emerging Asia Ucits ETF

Amundi Etf Pea Msci Emerging Asia Ucits finds support from accumulated volume at 22.56€ 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 0.203€ between high and low, or 0.90%. For the last week the ETF has had daily average volatility of 1.11%.

Our recommended stop-loss: 21.46€ (-5.12%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (PAASI.PA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Amundi Etf Pea Msci Emerging Asia Ucits Etf to open at 22.63€, and during the day (based on 14 day Average True Range), to move between 22.36€ and 22.87€, which gives a possible trading interval of +/-0.258€ (+/-1.14%) up or down from last closing price. If Amundi Etf Pea Msci Emerging Asia Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 22.63€ (0.06%) than the support at 22.56€ (0.24%), 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 Etf Pea Msci Emerging Asia Ucits Etf 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 Etf Pea Msci Emerging Asia Ucits ETF to perform well in the short-term. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Buy candidate.

Current score: 4.539 Buy Candidate Upgraded

Predicted Opening Price for Amundi Etf Pea Msci Emerging Asia Ucits Etf of Monday, July 1, 2024

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