Amundi Index Solutions - Amundi S&p 500 ETF Forecast

Green day on Friday for Amundi Index Solutions - Amundi S&p 500 ETF after gaining 0.419%
(Updated on Jun 28, 2024)

S500H.PA Signals & Forecast

The Amundi Index Solutions - Amundi S&p 500 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 79.92€ and 78.02€. 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). Amundi Index Solutions - Amundi S&p 500 has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Thursday, June 20, 2024, and so far it has fallen -0.275%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Amundi Index Solutions - Amundi S&p 500 ETF

On the downside, the ETF finds support just below today's level from accumulated volume at 75.71€ and 74.42€. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Amundi Index Solutions - Amundi S&p 500 finds support just below today's level at 75.71€. If this is broken, then the next support from accumulated volume will be at 74.42€ and 73.04€.

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 0.495€ between high and low, or 0.620%. For the last week the ETF has had daily average volatility of 0.352%.

Our recommended stop-loss: 77.15€ (-3.71%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 48 days ago.)

Trading Expectations (S500H.PA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi S&p 500 Esg to open at 80.13€, and during the day (based on 14 day Average True Range), to move between 79.62€ and 80.63€, which gives a possible trading interval of +/-0.507€ (+/-0.63%) up or down from last closing price. If Amundi Index Solutions - Amundi S&p 500 Esg takes out the full calculated possible swing range there will be an estimated 1.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 80.26€ (0.16%) than the support at 75.71€ (5.51%), 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 S&p 500 Esg ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Amundi Index Solutions - Amundi S&p 500 ETF to perform well in the short-term.

Current score: 2.509 Buy Candidate Unchanged

Predicted Opening Price for Amundi Index Solutions - Amundi S&p 500 Esg of Monday, July 1, 2024

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