Amundi Index Solutions - Amundi Prime ETF Forecast
Green day on Friday for Amundi Index Solutions - Amundi Prime ETF after gaining 0.0263%
(Updated on Jun 21, 2024)
The Amundi Index Solutions - Amundi Prime ETF price gained 0.0263% on the last trading day (Friday, 21st Jun 2024), rising from 17.08€ to 17.09€. During the last trading day the ETF fluctuated 0.363% from a day low at 17.09€ to a day high of 17.15€. The price has risen in 6 of the last 10 days and is up by 0.55% 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, 36 thousand more shares were traded than the day before. In total, 45 thousand shares were bought and sold for approximately 768.53€ 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 17.14€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Amundi Index Solutions - Amundi Prime ETF with a 90% probability to be traded between 16.73€ and 17.04€ 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PR1R.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 17.09€. On a fall, the ETF will find some support from the long-term average at approximately 17.06€. 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). Amundi Index Solutions - Amundi Prime 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 Tuesday, June 18, 2024, and so far it has fallen -0.248%. Further fall is indicated until a new bottom pivot has been found. The ETF had a Golden Star Signal on Thursday, June 13, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 13, 2024.
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 Thursday, June 13, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 13, 2024.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 Thursday, June 13, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, June 13, 2024.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 Wednesday, June 05, 2024 and based on theory for this formation the price should fall by -1.08% to 16.90€ within 15 trading days since signal was issued (Wednesday, June 26, 2024).
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Prime ETF
Amundi Index Solutions - Amundi Prime finds support from accumulated volume at 17.06€ 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 0.0620€ between high and low, or 0.363%. For the last week the ETF has had daily average volatility of 0.338%.
Our recommended stop-loss: 16.40€ (-3.99%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (PR1R.F) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Amundi Index Solutions - Amundi Prime Euro Govies Ucits Etf Dr to open at 17.11€, and during the day (based on 14 day Average True Range), to move between 17.02€ and 17.16€, which gives a possible trading interval of +/-0.0711€ (+/-0.42%) up or down from last closing price. If Amundi Index Solutions - Amundi Prime Euro Govies Ucits Etf Dr takes out the full calculated possible swing range there will be an estimated 0.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 17.09€ (0.01%) than the support at 17.06€ (0.16%), 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 Govies Ucits Etf Dr ETF A Buy?
Amundi Index Solutions - Amundi Prime holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.087 Hold/Accumulate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Prime Euro Govies Ucits Etf Dr of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 17.11€ ( 0.121%) | 17.09€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PR1R.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.17 | 0.484% |
| R2 | 17.15 | 0.345% |
| R1 | 17.13 | 0.260% |
| Price | 17.09 | |
| S1 | 17.08 | -0.0177% |
| S2 | 17.07 | -0.103% |
| S3 | 17.05 | -0.242% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.19 | 0.600% |
| R2 | 17.10 | 0.0732% |
| R1 | 17.09 | 0.0146% |
| Price | 17.09 | |
| S1 | 17.06 | -0.161% |
| S2 | 17.05 | -0.219% |
| S3 | 17.03 | -0.337% |
FAQ
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