iShares Asia Trust - iShares Core MSCI 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
iShares Asia Trust - iShares Core MSCI stock downgraded from Strong Buy Candidate to Buy Candidate after Tuesday trading session.
(Updated on May 07, 2024)
The iShares Asia Trust - iShares Core MSCI stock price gained 0.113% on the last trading day (Tuesday, 7th May 2024), rising from HK$52.92 to HK$52.98. It has now gained 4 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 1.68% from a day low at HK$52.44 to a day high of HK$53.32. The price has risen in 8 of the last 10 days and is up by 6.51% 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, 22 thousand more shares were traded than the day before. In total, 38 thousand shares were bought and sold for approximately HK$1.99 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$53.14 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.61% during the next 3 months and, with a 90% probability hold a price between HK$52.01 and HK$55.59 at the end of this 3-month period.
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3010.HK Signals & Forecast
Mostly positive signals in the chart today. 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$52.27 and HK$51.27. 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 7.55%. 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.
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.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.88 (1.68%) between high and low. For the last week, the stock has had daily average volatility of 1.04%.
The iShares Asia Trust - iShares Core MSCI stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: HK$50.80 (-4.12%) (This stock has low daily movements and this gives low risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (3010.HK) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect iShares Asia Trust - iShares Core MSCI AC Asia ex Japan Index ETF to open at HK$52.91, and during the day (based on 14 day Average True Range), to move between HK$52.31 and HK$53.65, which gives a possible trading interval of +/-HK$0.675 (+/-1.27%) 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 2.55% 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$1.56 (2.94%) from the current price of HK$52.98, our system finds the risk reward attractive.
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.545 Buy Candidate Downgraded
Predicted Opening Price for iShares Asia Trust - iShares Core MSCI AC Asia ex Japan Index ETF of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| HK$52.91 ( 0.126%) | HK$52.98 |
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 | 53.79 | 1.54 % | |
| R2 | 53.46 | 0.90 % | ||
| R1 | 53.25 | 0.509 % | ||
| Current price: | 52.98 | |||
| Support | S1 | 52.58 | -0.760 % | |
| S2 | 52.37 | -1.15 % | ||
| S3 | 52.03 | -1.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 52.98 | |||
| Support | S1 | 51.42 | -2.94% | |
| S2 | 50.94 | -3.85% | ||
| S3 | 49.74 | -6.12% |
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
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