ISHARESCORECSI300I ETF/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
Red day on Friday for ISHARESCORECSI300I ETF/UT HKD
(Updated on May 31, 2024)
The ISHARESCORECSI300I ETF/UT HKD stock price fell by -0.551% on the last day (Friday, 31st May 2024) from HK$25.40 to HK$25.26. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.11% from a day low at HK$25.26 to a day high of HK$25.54. The price has fallen in 7 of the last 10 days and is down by -3.59% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -22 thousand shares and in total, 25 thousand shares were bought and sold for approximately HK$621.67 thousand.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$25.07 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.13% during the next 3 months and, with a 90% probability hold a price between HK$25.61 and HK$27.28 at the end of this 3-month period.
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2846.HK Signals & Forecast
There are few to no technical positive signals at the moment. The ISHARESCORECSI300I ETF/UT HKD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$25.49 and HK$25.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -3.59%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for ISHARESCORECSI300I ETF/UT HKD stock
ISHARESCORECSI300I ETF/UT HKD finds support from accumulated volume at HK$25.20 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 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 stock During the last day, the stock moved HK$0.280 between high and low, or 1.11%. For the last week the stock has had daily average volatility of 0.678%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (2846.HK) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect ISHARESCORECSI300I ETF/UT HKD to open at HK$25.35, and during the day (based on 14 day Average True Range), to move between HK$24.94 and HK$25.58, which gives a possible trading interval of +/-HK$0.322 (+/-1.27%) up or down from last closing price. If ISHARESCORECSI300I ETF/UT HKD takes out the full calculated possible swing range there will be an estimated 2.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$25.20 (0.24%) than the resistance at HK$25.56 (1.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ISHARESCORECSI300I ETF/UT HKD stock A Buy?
The ISHARESCORECSI300I ETF/UT HKD stock holds several negative signals and despite the positive trend, we believe ISHARESCORECSI300I ETF/UT HKD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.749 Sell Candidate Unchanged
Predicted Opening Price for ISHARESCORECSI300I ETF/UT HKD of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| HK$25.35 ( 0.369%) | HK$25.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 2846.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.63 | 1.48 % | |
| R2 | 25.53 | 1.05 % | ||
| R1 | 25.46 | 0.793 % | ||
| Current price: | 25.26 | |||
| Support | S1 | 25.25 | -0.0539 % | |
| S2 | 25.18 | -0.316 % | ||
| S3 | 25.07 | -0.739 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.98 | 2.85 % | |
| R2 | 25.86 | 2.38 % | ||
| R1 | 25.56 | 1.19 % | ||
| Current price | 25.26 | |||
| Support | S1 | 25.20 | -0.238% | |
| S2 | 25.06 | -0.792% | ||
| S3 | 25.02 | -0.95% |
2846 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 13, 2023 | Nov 13, 2023 | Nov 17, 2023 | HK$0.396 | 1.57% |
| 2 | Nov 14, 2022 | Nov 14, 2022 | Nov 18, 2022 | HK$0.312 | 1.14% |
| 3 | Nov 09, 2021 | Nov 09, 2021 | Nov 15, 2021 | HK$0.329 | 0.84% |
| 4 | Nov 06, 2020 | Nov 06, 2020 | Nov 12, 2020 | HK$0.457 | 1.23% |
| 5 | Dec 20, 2019 | Dec 20, 2019 | Dec 30, 2019 | HK$0.389 | 1.33% |
FAQ
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