iShares Asia Trust - iShares Core MSCI Stock Forecast

iShares Asia Trust - iShares Core MSCI stock upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on Apr 26, 2024)

3010.HK Signals & Forecast

The iShares Asia Trust - iShares Core MSCI 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$50.45 and HK$51.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.51%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for iShares Asia Trust - iShares Core MSCI stock

iShares Asia Trust - iShares Core MSCI finds support from accumulated volume at HK$51.42 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$0.120 between high and low, or 0.234%. For the last week the stock has had daily average volatility of 0.86%.

Our recommended stop-loss: HK$49.08 (-4.67%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (3010.HK) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect iShares Asia Trust - iShares Core MSCI AC Asia ex Japan Index ETF to open at HK$51.44, and during the day (based on 14 day Average True Range), to move between HK$50.78 and HK$52.18, which gives a possible trading interval of +/-HK$0.699 (+/-1.36%) up or down from last closing price. If iShares Asia Trust - iShares Core MSCI AC Asia ex Japan Index ETF 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.

Since the stock is closer to the support from accumulated volume at HK$51.42 (0.12%) than the resistance at HK$51.68 (0.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is iShares Asia Trust - iShares Core MSCI AC Asia ex Japan Index ETF 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 Asia Trust - iShares Core MSCI stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.785 Buy Candidate Upgraded

Predicted Opening Price for iShares Asia Trust - iShares Core MSCI AC Asia ex Japan Index ETF of Monday, April 29, 2024

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