Amundi Index Solutions - Amundi Prime ETF Forecast
Red day on Friday for Amundi Index Solutions - Amundi Prime ETF after losing 0.0983%
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi Prime ETF price fell by -0.0983% on the last day (Friday, 28th Jun 2024) from 17.30€ to 17.28€. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 0.325% from a day low at 17.25€ to a day high of 17.30€. The price has fallen in 6 of the last 10 days and is down by -0.64% for this period. Volume has increased on the last day by 3 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, 10 thousand shares were bought and sold for approximately 164.70€ thousand.
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 17.08€ and 17.38€ 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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PRAR.F Signals & Forecast
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. 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. On corrections up, there will be some resistance from the lines at 17.33€ and 17.32€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.681%. Further fall is indicated until a new bottom pivot has been found. 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 ETF had a Golden Star Signal on Monday, August 07, 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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Monday, August 07, 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.
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 -0.640% to 17.17€ 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 17.27€ 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 0.0560€ between high and low, or 0.325%. For the last week the ETF has had daily average volatility of 0.305%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PRAR.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 Govies to open at 17.28€, and during the day (based on 14 day Average True Range), to move between 17.21€ and 17.35€, which gives a possible trading interval of +/-0.0679€ (+/-0.39%) up or down from last closing price. If Amundi Index Solutions - Amundi Prime Euro Govies takes out the full calculated possible swing range there will be an estimated 0.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 17.27€ (0.06%) than the resistance at 17.32€ (0.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Amundi Index Solutions - Amundi Prime Euro Govies ETF A Buy?
Amundi Index Solutions - Amundi Prime holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -3.742 Sell Candidate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Prime Euro Govies of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 17.28€ ( 0.0174%) | 17.28€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRAR.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.33 | 0.307% |
| R2 | 17.31 | 0.183% |
| R1 | 17.30 | 0.106% |
| Price | 17.28 | |
| S1 | 17.26 | -0.141% |
| S2 | 17.24 | -0.218% |
| S3 | 17.22 | -0.341% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.39 | 0.648% |
| R2 | 17.37 | 0.518% |
| R1 | 17.32 | 0.229% |
| Price | 17.28 | |
| S1 | 17.27 | -0.0608% |
| S2 | 17.26 | -0.0926% |
| S3 | 17.24 | -0.234% |
FAQ
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