BE-BMJHTUETF/UT HKD Stock Forecast
BE-BMJHTUETF/UT HKD stock upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The BE-BMJHTUETF/UT HKD stock price gained 0.755% on the last trading day (Friday, 28th Jun 2024), rising from HK$21.18 to HK$21.34. During the last trading day the stock fluctuated 0.376% from a day low at HK$21.28 to a day high of HK$21.36. The price has risen in 7 of the last 10 days and is up by 2.99% 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, 3 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately HK$73.42 million.
The stock has broken the narrow and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at HK$21.31, a level that may pose a second chance to hit a runner. According to fan-theory HK$22.27 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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3160.HK Signals & Forecast
The BE-BMJHTUETF/UT HKD 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$20.97 and HK$20.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 4.40%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for BE-BMJHTUETF/UT HKD stock
BE-BMJHTUETF/UT HKD finds support from accumulated volume at HK$20.68 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$0.0800 between high and low, or 0.376%. For the last week the stock has had daily average volatility of 0.514%.
Our recommended stop-loss: HK$20.15 (-5.58%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (3160.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect BE-BMJHTUETF/UT HKD to open at HK$21.33, and during the day (based on 14 day Average True Range), to move between HK$21.13 and HK$21.55, which gives a possible trading interval of +/-HK$0.209 (+/-0.98%) up or down from last closing price. If BE-BMJHTUETF/UT HKD takes out the full calculated possible swing range there will be an estimated 1.95% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$20.68, some HK$0.660 (3.09%) from the current price of HK$21.34, our system finds the risk reward attractive.
Is BE-BMJHTUETF/UT HKD stock A Buy?
Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for BE-BMJHTUETF/UT HKD stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.634 Buy Candidate Upgraded
Predicted Opening Price for BE-BMJHTUETF/UT HKD of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$21.33 ( 0.0625%) | HK$21.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 3160.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.41 | 0.312% |
| R2 | 21.38 | 0.169% |
| R1 | 21.36 | 0.0807% |
| Price | 21.34 | |
| S1 | 21.30 | -0.206% |
| S2 | 21.28 | -0.294% |
| S3 | 21.25 | -0.437% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 21.34 | |
| S1 | 20.68 | -3.09% |
| S2 | 20.00 | -6.28% |
| S3 | 19.80 | -7.22% |
3160 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Apr 03, 2024 | Apr 12, 2024 | HK$0.120 | 0.579% |
| 2 | Oct 05, 2023 | Oct 05, 2023 | Oct 05, 2023 | HK$0.0600 | 0.366% |
| 3 | Apr 03, 2023 | Apr 03, 2023 | Apr 03, 2023 | HK$0.110 | 0.774% |
| 4 | Oct 06, 2022 | Oct 06, 2022 | Oct 06, 2022 | HK$0.0400 | 0.302% |
| 5 | Apr 04, 2022 | Apr 04, 2022 | Apr 04, 2022 | HK$0.0800 | 0.603% |
FAQ
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