Bosera S&P 500 QDII Fund Stock Forecast
Bosera S&P 500 QDII Fund stock price up 1.18% on Friday
(Updated on Jun 28, 2024)
The Bosera S&P 500 QDII Fund stock price gained 1.18% on the last trading day (Friday, 28th Jun 2024), rising from $1.95 to $1.97. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.53% from a day low at $1.96 to a day high of $1.99. The price has risen in 6 of the last 10 days and is up by 3.57% 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, 62 million more shares were traded than the day before. In total, 209 million shares were bought and sold for approximately $411.46 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.74% during the next 3 months and, with a 90% probability hold a price between $2.00 and $2.19 at the end of this 3-month period.
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513500.SS Signals & Forecast
Mostly positive signals in the chart today. The Bosera S&P 500 QDII Fund 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 $1.93 and $1.87. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 15.33%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Bosera S&P 500 QDII Fund stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.86 and $1.81. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Bosera S&P 500 QDII Fund finds support just below today's level at $1.86. If this is broken, then the next support from accumulated volume will be at $1.81 and $1.80.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0300 (1.53%) between high and low. For the last week, the stock has had daily average volatility of 0.99%.
Our recommended stop-loss: $1.90 (-3.40%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 60 days ago.)
Trading Expectations (513500.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Bosera S&P 500 QDII Fund to open at $1.97, and during the day (based on 14 day Average True Range), to move between $1.95 and $1.99, which gives a possible trading interval of +/-$0.0188 (+/-0.95%) up or down from last closing price. If Bosera S&P 500 QDII Fund takes out the full calculated possible swing range there will be an estimated 1.90% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $1.86, some $0.115 (5.83%) from the current price of $1.97, our system finds the risk reward attractive.
Is Bosera S&P 500 QDII Fund stock A Buy?
Bosera S&P 500 QDII Fund holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 8.246 Strong Buy Candidate Unchanged
Predicted Opening Price for Bosera S&P 500 QDII Fund of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $1.97 ( 0.0338%) | $1.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 513500.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.00 | 1.49% |
| R2 | 1.99 | 0.91% |
| R1 | 1.98 | 0.548% |
| Price | 1.97 | |
| S1 | 1.96 | -0.615% |
| S2 | 1.95 | -0.97% |
| S3 | 1.94 | -1.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 1.97 | |
| S1 | 1.86 | -5.83% |
| S2 | 1.81 | -8.32% |
| S3 | 1.80 | -8.57% |
FAQ
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