MAH ETFS-HSHDY ETF/UT HKD Stock Forecast
MAH ETFS-HSHDY ETF/UT HKD stock price up 1.00% on Friday
(Updated on Jun 28, 2024)
The MAH ETFS-HSHDY ETF/UT HKD stock price gained 1.00% on the last trading day (Friday, 28th Jun 2024), rising from HK$21.94 to HK$22.16. During the last trading day the stock fluctuated 1.83% from a day low at HK$21.90 to a day high of HK$22.30. The price has been going up and down for this period, and there has been a -0.09% loss for the last 2 weeks. Volume fell on the last day by -250 thousand shares and in total, 552 thousand shares were bought and sold for approximately HK$12.24 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 lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$22.00 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 15.37% during the next 3 months and, with a 90% probability hold a price between HK$25.38 and HK$28.38 at the end of this 3-month period.
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3110.HK Signals & Forecast
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 MAH ETFS-HSHDY 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$22.31 and HK$22.41. 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 -3.82%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for MAH ETFS-HSHDY ETF/UT HKD stock
MAH ETFS-HSHDY ETF/UT HKD finds support from accumulated volume at HK$22.12 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$0.400 between high and low, or 1.83%. For the last week the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (3110.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect MAH ETFS-HSHDY ETF/UT HKD to open at HK$22.12, and during the day (based on 14 day Average True Range), to move between HK$21.79 and HK$22.53, which gives a possible trading interval of +/-HK$0.365 (+/-1.65%) up or down from last closing price. If MAH ETFS-HSHDY ETF/UT HKD takes out the full calculated possible swing range there will be an estimated 3.29% 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$22.12 (0.18%) than the resistance at HK$22.34 (0.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MAH ETFS-HSHDY ETF/UT HKD stock A Buy?
The MAH ETFS-HSHDY ETF/UT HKD stock holds several negative signals and despite the positive trend, we believe MAH ETFS-HSHDY 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: -2.878 Sell Candidate Unchanged
Predicted Opening Price for MAH ETFS-HSHDY ETF/UT HKD of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$22.12 ( 0.181%) | HK$22.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3110.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.52 | 1.62% |
| R2 | 22.37 | 0.94% |
| R1 | 22.27 | 0.509% |
| Price | 22.16 | |
| S1 | 21.97 | -0.87% |
| S2 | 21.87 | -1.30% |
| S3 | 21.72 | -1.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.66 | 2.26% |
| R2 | 22.38 | 0.99% |
| R1 | 22.34 | 0.81% |
| Price | 22.16 | |
| S1 | 22.12 | -0.181% |
| S2 | 20.04 | -9.57% |
| S3 | 19.74 | -10.92% |
3110 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Mar 28, 2024 | HK$0.270 | 1.39% |
| 2 | Sep 22, 2023 | Sep 22, 2023 | Sep 22, 2023 | HK$1.35 | 6.76% |
| 3 | Mar 27, 2023 | Mar 27, 2023 | Mar 27, 2023 | HK$0.270 | 1.19% |
| 4 | Sep 26, 2022 | Sep 26, 2022 | Sep 26, 2022 | HK$1.50 | 7.46% |
| 5 | Mar 25, 2022 | Mar 25, 2022 | Mar 25, 2022 | HK$0.110 | 0.430% |
FAQ
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