Amundi Index Solutions - Amundi Prime ETF Forecast
Green day on Friday for Amundi Index Solutions - Amundi Prime ETF after gaining 0.573%
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi Prime ETF price gained 0.573% on the last trading day (Friday, 28th Jun 2024), rising from 33.19€ to 33.38€. During the last trading day the ETF fluctuated 0.511% from a day low at 33.29€ to a day high of 33.46€. The price has risen in 6 of the last 10 days and is up by 1.38% 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, 16 thousand more shares were traded than the day before. In total, 25 thousand shares were bought and sold for approximately 845.02€ thousand.
The ETF lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 6.32% during the next 3 months and, with a 90% probability hold a price between 34.45€ and 35.86€ at the end of this 3-month period.
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PR1W.F Signals & Forecast
Mostly positive signals in the chart today. The Amundi Index Solutions - Amundi Prime 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 33.22€ and 32.53€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 8.29%. 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 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.
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Prime ETF
Amundi Index Solutions - Amundi Prime finds support from accumulated volume at 32.28€ 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 0.170€ between high and low, or 0.511%. For the last week the ETF has had daily average volatility of 0.480%.
Our recommended stop-loss: 32.23€ (-3.44%) (This ETF has low daily movements and this gives low risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 63 days ago.)
Trading Expectations (PR1W.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Prime Global Ucits Etf Dr to open at 33.37€, and during the day (based on 14 day Average True Range), to move between 33.18€ and 33.57€, which gives a possible trading interval of +/-0.192€ (+/-0.58%) up or down from last closing price. If Amundi Index Solutions - Amundi Prime Global Ucits Etf Dr takes out the full calculated possible swing range there will be an estimated 1.15% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 32.28€, some 1.10€ (3.28%) from the current price of 33.38€, our system finds the risk reward attractive.
Is Amundi Index Solutions - Amundi Prime Global 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 Prime ETF to perform well in the short-term.
Current score: 4.876 Buy Candidate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Prime Global Ucits Etf Dr of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 33.37€ ( 0.0100%) | 33.38€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PR1W.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.54 | 0.499% |
| R2 | 33.48 | 0.305% |
| R1 | 33.44 | 0.185% |
| Price | 33.38 | |
| S1 | 33.31 | -0.205% |
| S2 | 33.27 | -0.325% |
| S3 | 33.20 | -0.519% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 33.38 | |
| S1 | 32.28 | -3.28% |
| S2 | 31.84 | -4.60% |
| S3 | 31.72 | -4.96% |
FAQ
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