ISHARESCOREHSI ETF/UT HKD Stock Forecast

ISHARESCOREHSI ETF/UT HKD stock upgraded to Buy Candidate.
(Updated on May 28, 2024)

3115.HK Signals & Forecast

A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -3.95%. 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). ISHARESCOREHSI ETF/UT HKD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". Some positive signals were issued as well, and these may have some influence on the near short-term development. The ISHARESCOREHSI ETF/UT HKD stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$69.36. On a fall, the stock will find some support from the long-term average at approximately HK$65.11. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for ISHARESCOREHSI ETF/UT HKD stock

ISHARESCOREHSI ETF/UT HKD finds support from accumulated volume at HK$67.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$1.70 between high and low, or 2.48%. For the last week, the stock has had daily average volatility of 2.61%.

Our recommended stop-loss: HK$66.44 (-3.23%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 25 days ago.)

Trading Expectations (3115.HK) For The Upcoming Trading Day Of Wednesday 29th

For the upcoming trading day on Wednesday, 29th we expect ISHARESCOREHSI ETF/UT HKD to open at HK$69.12, and during the day (based on 14 day Average True Range), to move between HK$67.25 and HK$70.07, which gives a possible trading interval of +/-HK$1.41 (+/-2.06%) up or down from last closing price. If ISHARESCOREHSI ETF/UT HKD takes out the full calculated possible swing range there will be an estimated 4.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at HK$69.54 (1.28%) than the support at HK$67.04 (2.36%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is ISHARESCOREHSI ETF/UT HKD stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.369 Buy Candidate Upgraded

Predicted Opening Price for ISHARESCOREHSI ETF/UT HKD of Wednesday, May 29, 2024

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