BMO Asia High Dividend ETF Stock Forecast

BMO Asia High Dividend ETF stock price up 0.198% on Monday
(Updated on Apr 22, 2024)

3145.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.20%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BMO Asia High Dividend ETF 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$10.16 and HK$10.43. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The stock had a Golden Star Signal on Friday, June 02, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for BMO Asia High Dividend ETF stock

BMO Asia High Dividend ETF finds support from accumulated volume at HK$10.08 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$0.0400 between high and low, or 0.396%. For the last week the stock has had daily average volatility of 0.397%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (3145.HK) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect BMO Asia High Dividend ETF to open at HK$10.11, and during the day (based on 14 day Average True Range), to move between HK$10.02 and HK$10.18, which gives a possible trading interval of +/-HK$0.0846 (+/-0.84%) up or down from last closing price. If BMO Asia High Dividend ETF takes out the full calculated possible swing range there will be an estimated 1.68% 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$10.08 (0.20%) than the resistance at HK$10.15 (0.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BMO Asia High Dividend ETF stock A Buy?

The BMO Asia High Dividend ETF stock holds several negative signals and despite the positive trend, we believe BMO Asia High Dividend ETF will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.057 Sell Candidate Unchanged

Predicted Opening Price for BMO Asia High Dividend ETF of Tuesday, April 23, 2024

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