Bnp Paribas Easy Msci Emerging Sri ETF Forecast

Bnp Paribas Easy Msci Emerging Sri ETF upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)

XU6C.F Signals & Forecast

The Bnp Paribas Easy Msci Emerging Sri 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 99.26€ and 98.84€. 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). 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 20, 2024, and so far it has fallen -0.660%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Thursday, May 02, 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 Bnp Paribas Easy Msci Emerging Sri ETF

Bnp Paribas Easy Msci Emerging Sri finds support from accumulated volume at 99.03€ 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 0.280€ between high and low, or 0.282%. For the last week the ETF has had daily average volatility of 0.536%

Our recommended stop-loss: 95.95€ (-3.36%) (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 (XU6C.F) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Bnp Paribas Easy Msci Emerging Sri S-series 5% Capped Ucits Etf Eur Distribution to open at 99.36€, and during the day (based on 14 day Average True Range), to move between 98.60€ and 99.98€, which gives a possible trading interval of +/-0.688€ (+/-0.69%) up or down from last closing price. If Bnp Paribas Easy Msci Emerging Sri S-series 5% Capped Ucits Etf Eur Distribution takes out the full calculated possible swing range there will be an estimated 1.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 99.03€ (0.26%) than the resistance at 99.88€ (0.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bnp Paribas Easy Msci Emerging Sri S-series 5% Capped Ucits Etf Eur Distribution ETF A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Bnp Paribas Easy Msci Emerging Sri ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.603 Buy Candidate Upgraded

Predicted Opening Price for Bnp Paribas Easy Msci Emerging Sri S-series 5% Capped Ucits Etf Eur Distribution of Monday, July 1, 2024

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