Bnp Paribas Easy Esg Equity Low Vol ETF Forecast
Evaluation of Bnp Paribas Easy Esg Equity Low Vol ETF downgraded after the last trading session.
(Updated on Jun 21, 2024)
The Bnp Paribas Easy Esg Equity Low Vol ETF price gained 0.0284% on the last trading day (Friday, 21st Jun 2024), rising from 141.00€ to 141.04€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0% from a day low at 141.04€ to a day high of 141.04€. The price has been going up and down for this period, and there has been a -0.41% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 more shares were traded than the day before. In total, 2 shares were bought and sold for approximately 282.08€ .
The ETF lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 142.18€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 2.51% during the next 3 months and, with a 90% probability hold a price between 138.84€ and 145.75€ at the end of this 3-month period.
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VLED.PA Signals & Forecast
The Bnp Paribas Easy Esg Equity Low Vol 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 140.56€ and 139.73€. 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). Bnp Paribas Easy Esg Equity Low Vol 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 Friday, June 07, 2024, and so far it has fallen -0.410%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Bnp Paribas Easy Esg Equity Low Vol ETF
Bnp Paribas Easy Esg Equity Low Vol finds support from accumulated volume at 140.26€ 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€ between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0740%.
Our recommended stop-loss: 135.45€ (-3.96%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 40 days ago.)
Trading Expectations (VLED.PA) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Bnp Paribas Easy Esg Equity Low Vol Europe to open at 141.04€, and during the day (based on 14 day Average True Range), to move between 140.45€ and 141.63€, which gives a possible trading interval of +/-0.593€ (+/-0.42%) up or down from last closing price. If Bnp Paribas Easy Esg Equity Low Vol Europe takes out the full calculated possible swing range there will be an estimated 0.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 141.12€ (0.06%) than the support at 140.26€ (0.55%), 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 Bnp Paribas Easy Esg Equity Low Vol Europe ETF A Buy?
Bnp Paribas Easy Esg Equity Low Vol 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.794 Hold/Accumulate Downgraded
Predicted Opening Price for Bnp Paribas Easy Esg Equity Low Vol Europe of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 141.04€ ( 0%) | 141.04€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VLED.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 141.04 | - |
| R2 | 141.04 | - |
| R1 | 141.04 | - |
| Price | 141.04 | |
| S1 | 141.04 | - |
| S2 | 141.04 | - |
| S3 | 141.04 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 141.62 | 0.411% |
| R2 | 141.24 | 0.142% |
| R1 | 141.12 | 0.0567% |
| Price | 141.04 | |
| S1 | 140.26 | -0.553% |
| S2 | 137.74 | -2.34% |
| S3 | 137.30 | -2.65% |
FAQ
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