Amundi Index Solutions - Amundi Prime Us ETF Forecast
Evaluation of Amundi Index Solutions - Amundi Prime Us ETF downgraded after the last trading session.
(Updated on Jun 17, 2024)
The Amundi Index Solutions - Amundi Prime Us ETF price fell by -0.441% on the last day (Monday, 17th Jun 2024) from £1,472.40 to £1,465.90. During the last trading day the ETF fluctuated 0.456% from a day low at £1,465.90 to a day high of £1,472.59. The price has risen in 5 of the last 10 days and is up by 1.57% over the past 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 -3 thousand shares and in total, 3 thousand shares were bought and sold for approximately £4.45 million.
The ETFis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at £1,472.30 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Amundi Index Solutions - Amundi Prime Us ETF with a 90% probability to be traded between £1,426.12 and £1,466.34 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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PRIT.L Signals & Forecast
The Amundi Index Solutions - Amundi Prime Us ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £1,456.60 and £1,451.09. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -0.441%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The ETF had a Golden Star Signal on Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 03, 2024.
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
The ETF had a Golden Star Signal on Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 03, 2024.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 Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 03, 2024.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 Friday, June 14, 2024 and based on theory for this formation the price should fall by -3.12% to £1,420.15 within 37 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Prime Us ETF
Amundi Index Solutions - Amundi Prime Us finds support from accumulated volume at £1,453.90 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 £6.69 between high and low, or 0.456%. For the last week the ETF has had daily average volatility of 0.406%.
The Amundi Index Solutions - Amundi Prime Us ETF is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some ETFS may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the ETF manages to break the trend before that occurs.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PRIT.L) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Amundi Index Solutions - Amundi Prime Us Treasury Ucits Etf Dr to open at £1,468.13, and during the day (based on 14 day Average True Range), to move between £1,460.70 and £1,471.10, which gives a possible trading interval of +/-£5.20 (+/-0.36%) up or down from last closing price. If Amundi Index Solutions - Amundi Prime Us Treasury Ucits Etf Dr takes out the full calculated possible swing range there will be an estimated 0.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1,467.40 (0.10%) than the support at £1,453.90 (0.82%), 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 Us Treasury Ucits Etf Dr ETF A Buy?
Amundi Index Solutions - Amundi Prime Us holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.074 Sell Candidate Downgraded
Predicted Opening Price for Amundi Index Solutions - Amundi Prime Us Treasury Ucits Etf Dr of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| £1,468.13 ( 0.152%) | £1,465.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRIT.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,474.82 | 0.608% |
| R2 | 1,472.26 | 0.434% |
| R1 | 1,470.68 | 0.326% |
| Price | 1,465.90 | |
| S1 | 1,465.57 | -0.0222% |
| S2 | 1,464.00 | -0.130% |
| S3 | 1,461.44 | -0.304% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,472.40 | 0.443% |
| R2 | 1,471.00 | 0.348% |
| R1 | 1,467.40 | 0.102% |
| Price | 1,465.90 | |
| S1 | 1,453.90 | -0.82% |
| S2 | 1,443.70 | -1.51% |
| S3 | 1,434.70 | -2.13% |
PRIT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 12, 2023 | Dec 12, 2023 | Dec 14, 2023 | £0.343 | 0.0235% |
| 2 | Nov 08, 2022 | Nov 08, 2022 | Nov 10, 2022 | £28.62 | 1.83% |
| 3 | Nov 16, 2021 | Nov 16, 2021 | Nov 18, 2021 | £27.48 | 1.74% |
| 4 | Nov 25, 2020 | Nov 25, 2020 | Nov 27, 2020 | £34.38 | 2.06% |
| 5 | Nov 27, 2019 | Nov 27, 2019 | Nov 29, 2019 | £24.07 | 1.47% |
FAQ
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