Amundi Index Solutions - Amundi Prime ETF Forecast

Amundi Index Solutions - Amundi Prime ETF upgraded to Buy Candidate.
(Updated on Jun 28, 2024)

PR1Z.F Signals & Forecast

The Amundi Index Solutions - Amundi Prime ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 30.11€ and 30.56€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.11%. Further rise is indicated until a new top pivot has been found. The ETF had a Golden Star Signal on Monday, April 22, 2024 in the short-term chart.

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 Index Solutions - Amundi Prime ETF

Amundi Index Solutions - Amundi Prime finds support from accumulated volume at 29.70€ 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved 0.120€ between high and low, or 0.401%. For the last week the ETF has had daily average volatility of 0.663%

Our recommended stop-loss: 28.39€ (-5.45%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)

Trading Expectations (PR1Z.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Prime Eurozone to open at 30.00€, and during the day (based on 14 day Average True Range), to move between 29.74€ and 30.31€, which gives a possible trading interval of +/-0.285€ (+/-0.95%) up or down from last closing price. If Amundi Index Solutions - Amundi Prime Eurozone takes out the full calculated possible swing range there will be an estimated 1.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 30.03€ (0.02%) than the support at 29.70€ (1.10%), 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 Eurozone ETF A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.176 Buy Candidate Upgraded

Predicted Opening Price for Amundi Index Solutions - Amundi Prime Eurozone of Monday, July 1, 2024

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