AMUNDI EUR FLOAT RATE CORP B (AFRN.PA) Stock Technical Analysis
EPA:AFRN - Euronext Paris - Matif - LU1681041114 - ETF - Currency: EUR
Taking everything into account, AFRN scores 7 out of 10 in our technical rating. Although AFRN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, AFRN also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 108.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 108.76, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
105.17
We found 1 important support area.
- A support zone ranging from 106.23 to 108.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 108.78 to 108.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 108.84 | 108.56 | 0.28 (0.26%) | 25.00% |
| An entry @108.84. This is a Buy Stop order right above the resistance zone. | An exit @108.56. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.28 points, which is 0.26%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.07%. |
- The distance between exit and entry is rather small compared to the average daily movement of AFRN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
EPA:AFRN (3/7/2025, 7:00:00 PM)
108.77
-0.06 (-0.06%)