Amundi Index Solutions - Amundi Russell ETF Forecast

Amundi Index Solutions - Amundi Russell ETF price ended at 278.56€ on Friday, after losing 0.321%.
(Updated on Jun 21, 2024)

RS2K.PA 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 Russell 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 280.68€. On a fall, the ETF will find some support from the short-term average at 277.68€. 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. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -2.64%. Further fall is indicated until a new bottom pivot has been found. 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.

Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Russell ETF

Amundi Index Solutions - Amundi Russell finds support from accumulated volume at 278.33€ 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 2.10€ between high and low, or 0.759%. For the last week the ETF has had daily average volatility of 0.81%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RS2K.PA) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Amundi Index Solutions - Amundi Russell 2000 to open at 278.22€, and during the day (based on 14 day Average True Range), to move between 275.37€ and 281.74€, which gives a possible trading interval of +/-3.18€ (+/-1.14%) up or down from last closing price. If Amundi Index Solutions - Amundi Russell 2000 takes out the full calculated possible swing range there will be an estimated 2.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 278.60€ (0.01%) than the support at 278.33€ (0.08%), 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 Russell 2000 ETF A Buy?

Amundi Index Solutions - Amundi Russell 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.

Current score: -2.706 Sell Candidate Unchanged

Predicted Opening Price for Amundi Index Solutions - Amundi Russell 2000 of Monday, June 24, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.