Samsung S&p High Dividend Apac Ex Nz ETF Forecast

Green day on Friday for Samsung S&p High Dividend Apac Ex Nz ETF after gaining 0.415%
(Updated on Jun 28, 2024)

3187.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.415%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Samsung S&p High Dividend Apac Ex Nz ETF 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$14.64 and HK$15.03. A break-up above any of these levels will issue buy signals. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Samsung S&p High Dividend Apac Ex Nz ETF

Samsung S&p High Dividend Apac Ex Nz finds support from accumulated volume at HK$14.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF 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 ETF During the last day, the ETF moved HK$0.0200 between high and low, or 0.138%. For the last week the ETF has had daily average volatility of 0.410%

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

Trading Expectations (3187.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Samsung S&p High Dividend Apac Ex Nz Reits Etf to open at HK$14.51, and during the day (based on 14 day Average True Range), to move between HK$14.40 and HK$14.64, which gives a possible trading interval of +/-HK$0.118 (+/-0.81%) up or down from last closing price. If Samsung S&p High Dividend Apac Ex Nz Reits Etf takes out the full calculated possible swing range there will be an estimated 1.62% 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$14.46 (0.41%) than the resistance at HK$14.95 (2.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Samsung S&p High Dividend Apac Ex Nz Reits Etf ETF A Buy?

Samsung S&p High Dividend Apac Ex Nz holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.

Current score: -3.303 Sell Candidate Unchanged

Predicted Opening Price for Samsung S&p High Dividend Apac Ex Nz Reits Etf of Tuesday, July 2, 2024

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