Amundi Index Solutions - Amundi Msci 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
Green day on Friday for Amundi Index Solutions - Amundi Msci
(Updated on Jun 28, 2024)
The Amundi Index Solutions - Amundi Msci ETF price gained 0.414% on the last trading day (Friday, 28th Jun 2024), rising from 50.72€ to 50.93€. During the last trading day the ETF fluctuated 0.590% from a day low at 50.87€ to a day high of 51.17€. The price has risen in 6 of the last 10 days and is up by 0.99% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 615 more shares were traded than the day before. In total, 8 thousand shares were bought and sold for approximately 412.79€ thousand.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 5.60% during the next 3 months and, with a 90% probability hold a price between 52.50€ and 56.43€ at the end of this 3-month period.
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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 50.93€. On a fall, the ETF will find some support from the long-term average at approximately 50.63€. 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). Amundi Index Solutions - Amundi Msci 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. Higher liquidity also reduces the general risk. 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 -0.99%. Further fall is indicated until a new bottom pivot has been found. 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.
Golden Star 12 Months
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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved 0.300€ between high and low, or 0.590%. For the last week the ETF has had daily average volatility of 0.709%.
Our recommended stop-loss: 48.99€ (-3.80%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (SADM.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amundi Index Solutions - Amundi Msci Emerging Esg Leaders to open at 50.99€, and during the day (based on 14 day Average True Range), to move between 50.47€ and 51.39€, which gives a possible trading interval of +/-0.458€ (+/-0.90%) 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 1.80% 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€ (0.02%) than the support at 50.66€ (0.53%), 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: 3.962 Buy Candidate Unchanged
Predicted Opening Price for Amundi Index Solutions - Amundi Msci Emerging Esg Leaders of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
50.99€ ( 0.118%) | 50.93€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SADM.F
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 51.29 | 0.707% |
R2 | 51.18 | 0.482% |
R1 | 51.10 | 0.343% |
Price | 50.93 | |
S1 | 50.88 | -0.107% |
S2 | 50.80 | -0.246% |
S3 | 50.69 | -0.471% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 51.05 | 0.236% |
R2 | 51.04 | 0.216% |
R1 | 50.94 | 0.0196% |
Price | 50.93 | |
S1 | 50.66 | -0.530% |
S2 | 49.88 | -2.06% |
S3 | 49.31 | -3.18% |
FAQ
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