Amundi Index Solutions - Amundi Prime ETF Forecast
Amundi Index Solutions - Amundi Prime ETF price ended at 18.38€ on Friday, after losing 0.0190%.
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi Prime ETF price fell by -0.0190% on the last day (Friday, 28th Jun 2024) from 18.38€ to 18.38€. During the last trading day the ETF fluctuated 0.240% from a day low at 18.37€ to a day high of 18.41€. The price has been going up and down for this period, and there has been a -0.06% loss for the last 2 weeks. Volume has increased on the last day by 159 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 280 thousand shares were bought and sold for approximately 5.14€ million.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Amundi Index Solutions - Amundi Prime ETF with a 90% probability to be traded between 18.28€ and 18.49€ 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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PR1C.F Signals & Forecast
The Amundi Index Solutions - Amundi Prime 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 18.38€. On a fall, the ETF will find some support from the long-term average at approximately 18.32€. 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. 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 Tuesday, June 25, 2024, and so far it has fallen -0.136%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The ETF had a Golden Star Signal on Tuesday, June 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, October 09, 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.
Golden Star
The ETF had a Golden Star Signal on Tuesday, June 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, October 09, 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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Tuesday, June 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, October 09, 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.
A sell signal from a double top formation was found on Tuesday, June 25, 2024 and based on theory for this formation the price should fall by -1.33% to 18.13€ within 29 trading days since signal was issued (Monday, August 05, 2024).
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Prime ETF
Amundi Index Solutions - Amundi Prime finds support from accumulated volume at 18.37€ 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 0.0440€ between high and low, or 0.240%. For the last week the ETF has had daily average volatility of 0.202%.
Our recommended stop-loss: 17.90€ (-2.57%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (PR1C.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Prime Euro Corporates to open at 18.39€, and during the day (based on 14 day Average True Range), to move between 18.33€ and 18.42€, which gives a possible trading interval of +/-0.0475€ (+/-0.26%) up or down from last closing price. If Amundi Index Solutions - Amundi Prime Euro Corporates takes out the full calculated possible swing range there will be an estimated 0.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 18.38€ (0.02%) than the support at 18.37€ (0.03%), 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 Prime Euro Corporates 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 Amundi Index Solutions - Amundi Prime ETF to perform well in the short-term period.
Current score: 1.151 Buy Candidate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Prime Euro Corporates of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 18.39€ ( 0.0617%) | 18.38€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PR1C.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.43 | 0.301% |
| R2 | 18.41 | 0.210% |
| R1 | 18.40 | 0.153% |
| Price | 18.38 | |
| S1 | 18.37 | -0.0298% |
| S2 | 18.36 | -0.0863% |
| S3 | 18.34 | -0.178% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.39 | 0.0816% |
| R2 | 18.38 | 0.0272% |
| R1 | 18.38 | 0.0190% |
| Price | 18.38 | |
| S1 | 18.37 | -0.0272% |
| S2 | 18.24 | -0.735% |
| S3 | 18.20 | -0.95% |
FAQ
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