ISHARES FTSEA50/UT HKD Stock Forecast
ISHARES FTSEA50/UT HKD stock price up 2.25% on Friday
(Updated on May 17, 2024)
The ISHARES FTSEA50/UT HKD stock price gained 2.25% on the last trading day (Friday, 17th May 2024), rising from HK$12.89 to HK$13.18. During the last trading day the stock fluctuated 2.25% from a day low at HK$12.89 to a day high of HK$13.18. The price has risen in 5 of the last 10 days and is up by 1.38% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately HK$74.87 million.
The stock lies in the upper part of a 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 HK$13.26 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.30% during the next 3 months and, with a 90% probability hold a price between HK$13.31 and HK$14.10 at the end of this 3-month period.
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2823.HK Signals & Forecast
Mostly positive signals in the chart today. The ISHARES FTSEA50/UT HKD stock 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 HK$12.97 and HK$12.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 7.86%. 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). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Tuesday, April 16, 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 stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, April 16, 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 stock in question.
Support, Risk & Stop-loss for ISHARES FTSEA50/UT HKD stock
ISHARES FTSEA50/UT HKD finds support from accumulated volume at HK$13.01 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$0.290 between high and low, or 2.25%. For the last week the stock has had daily average volatility of 1.40%.
Our recommended stop-loss: HK$12.50 (-5.13%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (2823.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect ISHARES FTSEA50/UT HKD to open at HK$13.08, and during the day (based on 14 day Average True Range), to move between HK$13.00 and HK$13.36, which gives a possible trading interval of +/-HK$0.179 (+/-1.36%) up or down from last closing price. If ISHARES FTSEA50/UT HKD takes out the full calculated possible swing range there will be an estimated 2.72% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$13.01, some HK$0.170 (1.29%) from the current price of HK$13.18, our system finds the risk reward attractive.
Is ISHARES FTSEA50/UT HKD stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ISHARES FTSEA50/UT HKD stock to perform well in the short-term.
Current score: 3.293 Buy Candidate Unchanged
Predicted Opening Price for ISHARES FTSEA50/UT HKD of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$13.08 ( 0.733%) | HK$13.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2823.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.37 | 1.47 % | |
| R2 | 13.26 | 0.626 % | ||
| R1 | 13.19 | 0.107 % | ||
| Current price: | 13.18 | |||
| Support | S1 | 12.97 | -1.57 % | |
| S2 | 12.90 | -2.09 % | ||
| S3 | 12.79 | -2.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 13.18 | |||
| Support | S1 | 13.01 | -1.29% | |
| S2 | 12.50 | -5.16% | ||
| S3 | 12.30 | -6.68% |
2823 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2023 | Dec 15, 2023 | Dec 29, 2023 | HK$0.374 | 3.10% |
| 2 | Dec 16, 2022 | Dec 16, 2022 | Dec 30, 2022 | HK$0.240 | 1.71% |
| 3 | Dec 17, 2021 | Dec 17, 2021 | Dec 30, 2021 | HK$0.210 | 1.14% |
| 4 | Dec 18, 2020 | Dec 18, 2020 | Dec 28, 2020 | HK$0.270 | 1.38% |
| 5 | Dec 20, 2019 | Dec 20, 2019 | Dec 20, 2019 | HK$0.210 | 1.39% |
FAQ
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