Amundi Index Solutions - Amundi Russell 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
Amundi Index Solutions - Amundi Russell ETF price ended at 278.73€ on Thursday, after gaining 0.111%.
(Updated on Jun 27, 2024)
The Amundi Index Solutions - Amundi Russell ETF price gained 0.111% on the last trading day (Thursday, 27th Jun 2024), rising from 278.42€ to 278.73€. During the last trading day the ETF fluctuated 0.714% from a day low at 278.00€ to a day high of 279.99€. The price has fallen in 6 of the last 10 days but is still up by 0.19% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 1 thousand shares were bought and sold for approximately 373.50€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 Russell ETF with a 90% probability to be traded between 269.67€ and 286.93€ 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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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 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 278.89€ and 280.34€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -2.58%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Russell ETF
Amundi Index Solutions - Amundi Russell finds support from accumulated volume at 278.42€ 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 1.99€ between high and low, or 0.714%. For the last week the ETF has had daily average volatility of 0.773%
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 Friday 28th
For the upcoming trading day on Friday, 28th we expect Amundi Index Solutions - Amundi Russell 2000 to open at 278.90€, and during the day (based on 14 day Average True Range), to move between 275.74€ and 281.72€, which gives a possible trading interval of +/-2.99€ (+/-1.07%) 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 2.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 278.42€ (0.11%) than the resistance at 279.45€ (0.26%), 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 Russell 2000 ETF A Buy?
Amundi Index Solutions - Amundi Russell holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -1.725 Sell Candidate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Russell 2000 of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 278.90€ ( 0.0633%) | 278.73€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RS2K.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 280.89 | 0.776% |
| R2 | 280.13 | 0.504% |
| R1 | 279.66 | 0.335% |
| Price | 278.73 | |
| S1 | 278.15 | -0.209% |
| S2 | 277.68 | -0.377% |
| S3 | 276.92 | -0.649% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 281.11 | 0.85% |
| R2 | 281.04 | 0.83% |
| R1 | 279.45 | 0.261% |
| Price | 278.73 | |
| S1 | 278.42 | -0.111% |
| S2 | 278.33 | -0.143% |
| S3 | 278.19 | -0.193% |
FAQ
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