Amundi Index Solutions - Amundi Msci ETF Forecast

Amundi Index Solutions - Amundi Msci ETF price ended at 50.88€ on Wednesday, after gaining 0.256%.
(Updated on Jun 26, 2024)

SADM.F Signals & Forecast

The Amundi Index Solutions - Amundi Msci ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately 51.04€. On a fall, the ETF will find some support from the long-term average at approximately 50.61€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, June 19, 2024, and so far it has fallen -1.09%. 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. The ETF had a Golden Star Signal on Thursday, February 01, 2024 in the long-term chart.

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.

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

Amundi Index Solutions - Amundi Msci finds support from accumulated volume at 50.66€ 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 0.360€ between high and low, or 0.708%. For the last week the ETF has had daily average volatility of 0.700%

Our recommended stop-loss: 49.23€ (-3.24%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (SADM.F) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Amundi Index Solutions - Amundi Msci Emerging Esg Leaders to open at 50.96€, and during the day (based on 14 day Average True Range), to move between 50.42€ and 51.34€, which gives a possible trading interval of +/-0.463€ (+/-0.91%) up or down from last closing price. If Amundi Index Solutions - Amundi Msci Emerging Esg Leaders takes out the full calculated possible swing range there will be an estimated 1.82% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 50.94€ (0.12%) than the support at 50.66€ (0.43%), 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 Msci Emerging Esg Leaders 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 Msci ETF to perform well in the short-term.

Current score: 2.459 Buy Candidate Unchanged

Predicted Opening Price for Amundi Index Solutions - Amundi Msci Emerging Esg Leaders of Thursday, June 27, 2024

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