Amundi S&p Global Consumer Discretionary ETF Forecast

Green day on Friday for Amundi S&p Global Consumer Discretionary
(Updated on Jun 28, 2024)

WELJ.F Signals & Forecast

Mostly positive signals in the chart today. The Amundi S&p Global Consumer Discretionary 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 11.48€ and 11.30€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 4.76%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Amundi S&p Global Consumer Discretionary 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. The ETF had a Golden Star Signal on Tuesday, June 18, 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 S&p Global Consumer Discretionary ETF

Amundi S&p Global Consumer Discretionary finds support from accumulated volume at 11.56€ 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 0.0520€ between high and low, or 0.450%. For the last week the ETF has had daily average volatility of 0.565%.

Our recommended stop-loss: 11.12€ (-3.85%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 39 days ago.)

Trading Expectations (WELJ.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Amundi S&p Global Consumer Discretionary Esg Ucits Etf Dr Eur Acc to open at 11.58€, and during the day (based on 14 day Average True Range), to move between 11.49€ and 11.65€, which gives a possible trading interval of +/-0.0795€ (+/-0.69%) up or down from last closing price. If Amundi S&p Global Consumer Discretionary Esg Ucits Etf Dr Eur Acc takes out the full calculated possible swing range there will be an estimated 1.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 11.56€ (0.05%) than the resistance at 11.59€ (0.21%), 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 S&p Global Consumer Discretionary Esg Ucits Etf Dr Eur Acc ETF A Buy?

Several short-term signals are positive and the ETF has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Amundi S&p Global Consumer Discretionary ETF to perform well in the short-term period.

Current score: 1.882 Buy Candidate Unchanged

Predicted Opening Price for Amundi S&p Global Consumer Discretionary Esg Ucits Etf Dr Eur Acc of Monday, July 1, 2024

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