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
Green day on Friday for Amundi Index Solutions - Amundi Prime ETF after gaining 1.93%
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi Prime ETF price gained 1.93% on the last trading day (Friday, 28th Jun 2024), rising from £2,323.63 to £2,368.58. During the last trading day the ETF fluctuated 1.42% from a day low at £2,337.62 to a day high of £2,370.85. The price has risen in 5 of the last 10 days and is up by 1.52% 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, 15 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately £34.65 million.
The ETFhas broken the narrow and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is £2,332.31, a level that may pose a second chance to hit a runner. According to fan-theory £2,423.44 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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PRIJ.L Signals & Forecast
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, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £2,315.65 and £2,331.30. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 3.83%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Tuesday, October 31, 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 Tuesday, October 31, 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 £2,367.75 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 £33.23 between high and low, or 1.42%. For the last week the ETF has had daily average volatility of 0.494%.
Our recommended stop-loss: £2,238.29 (-5.50%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (PRIJ.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Prime Japan to open at £2,359.02, and during the day (based on 14 day Average True Range), to move between £2,349.45 and £2,387.70, which gives a possible trading interval of +/-£19.13 (+/-0.81%) up or down from last closing price. If Amundi Index Solutions - Amundi Prime Japan takes out the full calculated possible swing range there will be an estimated 1.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £2,367.75 (0.03%) than the resistance at £2,388.88 (0.86%), 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 Japan 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 Japan of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £2,359.02 ( 0.404%) | £2,368.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRIJ.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,392.25 | 1.00% |
| R2 | 2,379.56 | 0.464% |
| R1 | 2,371.71 | 0.132% |
| Price | 2,368.58 | |
| S1 | 2,346.32 | -0.94% |
| S2 | 2,338.48 | -1.27% |
| S3 | 2,325.78 | -1.81% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,423.13 | 2.30% |
| R2 | 2,419.88 | 2.17% |
| R1 | 2,388.88 | 0.86% |
| Price | 2,368.58 | |
| S1 | 2,367.75 | -0.0349% |
| S2 | 2,338.25 | -1.28% |
| S3 | 2,298.13 | -2.97% |
PRIJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 12, 2023 | Dec 12, 2023 | Dec 14, 2023 | £0.410 | 0.0192% |
| 2 | Nov 08, 2022 | Nov 08, 2022 | Nov 10, 2022 | £42.67 | 2.16% |
| 3 | Nov 16, 2021 | Nov 16, 2021 | Nov 18, 2021 | £38.88 | 1.76% |
| 4 | Nov 25, 2020 | Nov 25, 2020 | Nov 27, 2020 | £36.42 | 1.71% |
| 5 | Nov 25, 2019 | Nov 25, 2019 | Nov 27, 2019 | £36.51 | 1.84% |
FAQ
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