ISHARES MSCICIE/UT HKD Stock Forecast

ISHARES MSCICIE/UT HKD stock upgraded to Hold/Accumulate.
(Updated on Apr 23, 2024)

2801.HK Signals & Forecast

The ISHARES MSCICIE/UT HKD stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$17.25 and HK$17.35. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, April 10, 2024, and so far it has fallen -0.785%. 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).

Support, Risk & Stop-loss for ISHARES MSCICIE/UT HKD stock

ISHARES MSCICIE/UT HKD finds support from accumulated volume at HK$17.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$0.260 between high and low, or 1.49%. For the last week the stock has had daily average volatility of 1.33%.

Our recommended stop-loss: HK$16.96 (-4.13%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (2801.HK) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect ISHARES MSCICIE/UT HKD to open at HK$17.60, and during the day (based on 14 day Average True Range), to move between HK$17.35 and HK$18.03, which gives a possible trading interval of +/-HK$0.338 (+/-1.91%) up or down from last closing price. If ISHARES MSCICIE/UT HKD takes out the full calculated possible swing range there will be an estimated 3.82% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at HK$17.72 (0.17%) than the support at HK$17.30 (2.20%), 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 ISHARES MSCICIE/UT HKD stock A Buy?

ISHARES MSCICIE/UT HKD 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.902 Hold/Accumulate Upgraded

Predicted Opening Price for ISHARES MSCICIE/UT HKD of Wednesday, April 24, 2024

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