iShares Asia Trust - iShares Core MSCI Stock Forecast
iShares Asia Trust - iShares Core MSCI stock price up 0.685% on Monday
(Updated on May 06, 2024)
The iShares Asia Trust - iShares Core MSCI stock price gained 0.685% on the last trading day (Monday, 6th May 2024), rising from HK$52.56 to HK$52.92. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.530% from a day low at HK$52.86 to a day high of HK$53.14. The price has risen in 8 of the last 10 days and is up by 7.43% over the past 2 weeks. Volume fell on the last day by -30 thousand shares and in total, 16 thousand shares were bought and sold for approximately HK$824.07 thousand. 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 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$53.09 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.52% during the next 3 months and, with a 90% probability hold a price between HK$51.91 and HK$55.49 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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. 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$51.96 and HK$51.23. 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 7.43%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
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 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 0.530%. For the last week the stock has had daily average volatility of 0.93%
Our recommended stop-loss: HK$50.94 (-3.73%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (3010.HK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect iShares Asia Trust - iShares Core MSCI AC Asia ex Japan Index ETF to open at HK$52.97, and during the day (based on 14 day Average True Range), to move between HK$52.26 and HK$53.58, which gives a possible trading interval of +/-HK$0.659 (+/-1.25%) 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 2.49% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$51.42, some HK$1.50 (2.83%) from the current price of HK$52.92, our system finds the risk reward attractive.
Is iShares Asia Trust - iShares Core MSCI AC Asia ex Japan Index ETF stock A Buy?
iShares Asia Trust - iShares Core MSCI holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.851 Strong Buy Candidate Unchanged
Predicted Opening Price for iShares Asia Trust - iShares Core MSCI AC Asia ex Japan Index ETF of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| HK$52.97 ( 0.101%) | HK$52.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3010.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.25 | 0.630 % | |
| R2 | 53.15 | 0.428 % | ||
| R1 | 53.08 | 0.303 % | ||
| Current price: | 52.92 | |||
| Support | S1 | 52.87 | -0.101 % | |
| S2 | 52.80 | -0.226 % | ||
| S3 | 52.69 | -0.428 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 52.92 | |||
| Support | S1 | 51.42 | -2.83% | |
| S2 | 50.94 | -3.74% | ||
| S3 | 49.74 | -6.01% |
3010 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 13, 2023 | Nov 13, 2023 | Nov 17, 2023 | HK$1.02 | 2.11% |
| 2 | Nov 14, 2022 | Nov 14, 2022 | Nov 18, 2022 | HK$0.130 | 0.275% |
| 3 | Nov 09, 2021 | Nov 09, 2021 | Nov 15, 2021 | HK$0.130 | 0.201% |
| 4 | Nov 06, 2020 | Nov 06, 2020 | Nov 12, 2020 | HK$0.0900 | 0.149% |
| 5 | Dec 23, 2019 | Dec 23, 2019 | Dec 23, 2019 | HK$0.170 | 0.317% |
FAQ
Click here for our free guide on how to buy iShares Asia Trust - iShares Core MSCI AC Asia ex Japan Index ETF Stock.
