Amundi Index Solutions - Amundi Prime ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Amundi Index Solutions - Amundi Prime
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi Prime ETF price fell by -0.508% on the last day (Friday, 28th Jun 2024) from 27.55€ to 27.41€. During the last trading day the ETF fluctuated 0.748% from a day low at 27.41€ to a day high of 27.62€. The price has been going up and down for this period, and there has been a 0.09% gain for the last 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -431 shares and in total, 227 shares were bought and sold for approximately 6.22€ thousand.
The ETF has broken the narrow and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at 27.48€. A reaction back to this level may hold a second chance to get out before further falls.
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PRAZ.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.0913%. Further rise is indicated until a new top pivot has been found. 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. 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 27.60€ and 28.11€. 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 along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Prime ETF
Amundi Index Solutions - Amundi Prime finds support from accumulated volume at 27.30€ 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 0.205€ between high and low, or 0.748%. For the last week the ETF has had daily average volatility of 0.748%
Our recommended stop-loss: 25.67€ (-6.33%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (PRAZ.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 27.48€, and during the day (based on 14 day Average True Range), to move between 27.15€ and 27.67€, which gives a possible trading interval of +/-0.259€ (+/-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 1.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 27.30€ (0.40%) than the resistance at 27.57€ (0.57%), 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 Eurozone ETF A Buy?
Amundi Index Solutions - Amundi Prime holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.314 Hold/Accumulate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Prime Eurozone of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 27.48€ ( 0.249%) | 27.41€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRAZ.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.68 | 1.00% |
| R2 | 27.61 | 0.712% |
| R1 | 27.56 | 0.535% |
| Price | 27.41 | |
| S1 | 27.40 | -0.0364% |
| S2 | 27.35 | -0.213% |
| S3 | 27.27 | -0.499% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.02 | 2.23% |
| R2 | 27.78 | 1.33% |
| R1 | 27.57 | 0.565% |
| Price | 27.41 | |
| S1 | 27.30 | -0.401% |
| S2 | 27.10 | -1.13% |
| S3 | 26.91 | -1.82% |
FAQ
Click here for our free guide on how to buy Amundi Index Solutions - Amundi Prime Eurozone ETF.
