Amundi Index Solutions - Amundi Prime ETF Forecast
Red day on Wednesday for Amundi Index Solutions - Amundi Prime
(Updated on Jun 26, 2024)
The Amundi Index Solutions - Amundi Prime ETF price fell by -0.760% on the last day (Wednesday, 26th Jun 2024) from £2,566.00 to £2,546.50. During the last trading day the ETF fluctuated 0.0786% from a day low at £2,544.50 to a day high of £2,546.50. The price has been going up and down for this period, and there has been a -1.6% loss for the last 2 weeks. Volume has increased on the last day by 11 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, 11 thousand shares were bought and sold for approximately £27.99 million.
The ETF is moving within a 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 £2,524.70 and £2,707.85 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PRIZ.L Signals & Forecast
There are mixed signals in the ETF today. The Amundi Index Solutions - Amundi Prime ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at £2,602.20. On a fall, the ETF will find some support from the short-term average at £2,534.79. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 2.00%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Prime ETF
Amundi Index Solutions - Amundi Prime finds support from accumulated volume at £2,535.00 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 £2.00 between high and low, or 0.0786%. For the last week the ETF has had daily average volatility of 0.392%.
Our recommended stop-loss: £2,417.15 (-5.08%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (PRIZ.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Amundi Index Solutions - Amundi Prime Eurozone to open at £2,545.83, and during the day (based on 14 day Average True Range), to move between £2,526.86 and £2,566.14, which gives a possible trading interval of +/-£19.64 (+/-0.77%) 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 1.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £2,535.00 (0.45%) than the resistance at £2,571.50 (0.98%), 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 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: -0.885 Hold/Accumulate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Prime Eurozone of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| £2,545.83 ( 0.0262%) | £2,546.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRIZ.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,547.83 | 0.0524% |
| R2 | 2,547.07 | 0.0224% |
| R1 | 2,546.60 | 0.0038% |
| Price | 2,546.50 | |
| S1 | 2,545.07 | -0.0562% |
| S2 | 2,544.60 | -0.0747% |
| S3 | 2,543.83 | -0.105% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,624.00 | 3.04% |
| R2 | 2,615.00 | 2.69% |
| R1 | 2,571.50 | 0.98% |
| Price | 2,546.50 | |
| S1 | 2,535.00 | -0.452% |
| S2 | 2,532.00 | -0.569% |
| S3 | 2,496.50 | -1.96% |
PRIZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 12, 2023 | Dec 12, 2023 | Dec 14, 2023 | £0.662 | 0.0279% |
| 2 | Nov 08, 2022 | Nov 08, 2022 | Nov 10, 2022 | £63.72 | 3.16% |
| 3 | Nov 16, 2021 | Nov 16, 2021 | Nov 18, 2021 | £43.00 | 1.83% |
| 4 | Nov 25, 2020 | Nov 25, 2020 | Nov 27, 2020 | £41.80 | 2.10% |
| 5 | Nov 25, 2019 | Nov 25, 2019 | Nov 27, 2019 | £52.90 | 2.64% |
FAQ
Click here for our free guide on how to buy Amundi Index Solutions - Amundi Prime Eurozone ETF.
