Amundi Index Solutions - Amundi Prime ETF Forecast

Weaker technical forecast for Amundi Index Solutions - Amundi Prime as ETF downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)

PRAM.L 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 £18.70. On a fall, the ETF will find some support from the long-term average at approximately £18.51. 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 3.87%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Amundi Index Solutions - Amundi Prime gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Tuesday, September 12, 2023 in the long-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 £18.35 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 £0.156 between high and low, or 0.84%. For the last week the ETF has had daily average volatility of 0.482%.

Our recommended stop-loss: £17.90 (-4.19%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)

Trading Expectations (PRAM.L) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Prime Emerging Markets Ucits Etf to open at £18.66, and during the day (based on 14 day Average True Range), to move between £18.52 and £18.86, which gives a possible trading interval of +/-£0.171 (+/-0.91%) up or down from last closing price. If Amundi Index Solutions - Amundi Prime Emerging Markets Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £18.72 (0.18%) than the support at £18.35 (1.79%), 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 Emerging Markets Ucits Etf 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Amundi Index Solutions - Amundi Prime Emerging Markets Ucits Etf of Monday, July 1, 2024

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