ISHARES FTSEA50/UT HKD Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for ISHARES FTSEA50/UT HKD stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The ISHARES FTSEA50/UT HKD stock price gained 1.22% on the last trading day (Tuesday, 2nd Jul 2024), rising from HK$12.34 to HK$12.49. During the last trading day the stock fluctuated 1.38% from a day low at HK$12.32 to a day high of HK$12.49. The price has fallen in 6 of the last 10 days and is down by -0.16% for this period. Volume fell on the last day by -5 million shares and in total, 2 million shares were bought and sold for approximately HK$31.16 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect ISHARES FTSEA50/UT HKD stock with a 90% probability to be traded between HK$12.23 and HK$13.12 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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2823.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 1.71%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ISHARES FTSEA50/UT HKD stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$12.69. On a fall, the stock will find some support from the short-term average at HK$12.36. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general 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$12.48 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$0.170 between high and low, or 1.38%. For the last week the stock has had daily average volatility of 1.11%.
Our recommended stop-loss: HK$11.84 (-5.19%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (2823.HK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect ISHARES FTSEA50/UT HKD to open at HK$12.43, and during the day (based on 14 day Average True Range), to move between HK$12.34 and HK$12.64, which gives a possible trading interval of +/-HK$0.153 (+/-1.22%) 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 2.44% 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$12.50 (0.08%) than the support at HK$12.48 (0.08%), 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 FTSEA50/UT HKD stock A Buy?
ISHARES FTSEA50/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: -0.997 Hold/Accumulate Upgraded
Predicted Opening Price for ISHARES FTSEA50/UT HKD of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| HK$12.43 ( 0.454%) | HK$12.49 |
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 | |
|---|---|---|
| R3 | 12.60 | 0.91% |
| R2 | 12.54 | 0.387% |
| R1 | 12.50 | 0.0662% |
| Price | 12.49 | |
| S1 | 12.37 | -0.97% |
| S2 | 12.33 | -1.29% |
| S3 | 12.26 | -1.81% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.15 | 5.28% |
| R2 | 13.01 | 4.16% |
| R1 | 12.50 | 0.0801% |
| Price | 12.49 | |
| S1 | 12.48 | -0.0801% |
| S2 | 12.34 | -1.20% |
| S3 | 12.33 | -1.28% |
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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