Amundi Index Solutions - Amundi Japan ETF Forecast
Red day on Wednesday for Amundi Index Solutions - Amundi Japan
(Updated on Jun 19, 2024)
No changes to the price of Amundi Index Solutions - Amundi Japan ETF on the last trading day (Wednesday, 19th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at £11,527.00 to a day high of £11,527.00. The price has been going up and down for this period, and there has been a -0.97% loss for the last 2 weeks.
The ETF lies in the middle of a narrow and 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 2.43% during the next 3 months and, with a 90% probability hold a price between £11,465.83 and £11,960.23 at the end of this 3-month period.
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TPHG.L Signals & Forecast
The Amundi Index Solutions - Amundi Japan 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 £11,527.00 and £11,437.14. A breakdown below any of these levels will issue sell signals. 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 06, 2024, and so far it has fallen -0.97%. Further fall is indicated until a new bottom pivot has been found. 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. The ETF had a Golden Star Signal on Wednesday, May 08, 2024 in the short-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
The ETF had a Golden Star Signal on Wednesday, May 08, 2024 in the short-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 Japan ETF
Amundi Index Solutions - Amundi Japan finds support from accumulated volume at £11,525.00 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%
Our recommended stop-loss: £11,094.44 (-3.75%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (TPHG.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Amundi Index Solutions - Amundi Japan Topix Ucits Etf-c Gbp Hedged to open at £11,527.00, and during the day (based on 14 day Average True Range), to move between £11,482.17 and £11,571.83, which gives a possible trading interval of +/-£44.83 (+/-0.39%) up or down from last closing price. If Amundi Index Solutions - Amundi Japan Topix Ucits Etf-c Gbp Hedged takes out the full calculated possible swing range there will be an estimated 0.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £11,525.00 (0.02%) than the resistance at £11,534.00 (0.06%), 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 Japan Topix Ucits Etf-c Gbp Hedged ETF A Buy?
Amundi Index Solutions - Amundi Japan holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
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 Japan Topix Ucits Etf-c Gbp Hedged of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £11,527.00 ( 0%) | £11,527.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TPHG.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11,527.00 | - |
| R2 | 11,527.00 | - |
| R1 | 11,527.00 | - |
| Price | 11,527.00 | |
| S1 | 11,527.00 | - |
| S2 | 11,527.00 | - |
| S3 | 11,527.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11,639.45 | 0.98% |
| R2 | 11,562.00 | 0.304% |
| R1 | 11,534.00 | 0.0607% |
| Price | 11,527.00 | |
| S1 | 11,525.00 | -0.0174% |
| S2 | 11,498.00 | -0.252% |
| S3 | 11,300.00 | -1.97% |
FAQ
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