Amundi Index Solutions - Amundi Index ETF Forecast
Amundi Index Solutions - Amundi Index ETF upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jun 19, 2024)
No changes to the price of Amundi Index Solutions - Amundi Index ETF on the last trading day (Wednesday, 19th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at £7,156.00 to a day high of £7,156.00. The price has been going up and down for this period, and there has been a -3.4% loss for the last 2 weeks.
The ETF has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at £7,169.74. A reaction back to this level may hold a second chance to get out before further falls.
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SRHE.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Amundi Index Solutions - Amundi Index 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 £7,287.93 and £7,363.96. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Tuesday, April 23, 2024 and based on theory for this formation the price should fall by -3.36% to £6,915.62 within 17 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for Amundi Index Solutions - Amundi Index ETF
Amundi Index Solutions - Amundi Index finds support from accumulated volume at £7,128.00 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.372%
Our recommended stop-loss: £6,703.74 (-6.32%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (SRHE.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Amundi Index Solutions - Amundi Index Msci Emu Sri Pab to open at £7,156.00, and during the day (based on 14 day Average True Range), to move between £7,089.63 and £7,222.37, which gives a possible trading interval of +/-£66.37 (+/-0.93%) up or down from last closing price. If Amundi Index Solutions - Amundi Index Msci Emu Sri Pab takes out the full calculated possible swing range there will be an estimated 1.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £7,175.00 (0.27%) than the support at £7,128.00 (0.39%), 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 Index Msci Emu Sri Pab ETF A Buy?
Amundi Index Solutions - Amundi Index holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Amundi Index Solutions - Amundi Index Msci Emu Sri Pab of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £7,156.00 ( 0%) | £7,156.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SRHE.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7,156.00 | - |
| R2 | 7,156.00 | - |
| R1 | 7,156.00 | - |
| Price | 7,156.00 | |
| S1 | 7,156.00 | - |
| S2 | 7,156.00 | - |
| S3 | 7,156.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7,491.00 | 4.68% |
| R2 | 7,191.50 | 0.496% |
| R1 | 7,175.00 | 0.266% |
| Price | 7,156.00 | |
| S1 | 7,128.00 | -0.391% |
| S2 | 7,029.00 | -1.77% |
| S3 | 6,944.00 | -2.96% |
FAQ
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