Harvest Funds (hong Kong) Etf - Harvest ETF Forecast
Harvest Funds (hong Kong) Etf - Harvest ETF price ended at HK$12.23 on Friday, after losing 0%.
(Updated on Jun 28, 2024)
No changes to the price of Harvest Funds (hong Kong) Etf - Harvest ETF on the last trading day (Friday, 28th Jun 2024). During the last trading day the ETF fluctuated 0% from a day low at HK$12.23 to a day high of HK$12.23. The price has fallen in 7 of the last 10 days and is down by -4.75% for this period.
The ETF lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -4.52% during the next 3 months and, with a 90% probability hold a price between HK$11.62 and HK$11.79 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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83118.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has fallen 0%. 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 Harvest Funds (hong Kong) Etf - Harvest 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$12.35 and HK$12.48. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Harvest Funds (hong Kong) Etf - Harvest ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.292%
Harvest Funds (hong Kong) Etf - Harvest is oversold on RSI14 (19). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: HK$11.42 (-6.62%) (This ETF has low daily movements and this gives low risk. Low RSI14 is 19 which reduces the risk some. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (83118.HK) For The Upcoming Trading Day Of Tuesday 2nd
With no support below and resistance from accumulated volume @ HK$12.24, some HK$0.0100 (0.08%) from the current price of HK$12.23, our system finds the risk reward not very attractive.
Is Harvest Funds (hong Kong) Etf - Harvest Msci China A Index Etf ETF A Buy?
Harvest Funds (hong Kong) Etf - Harvest holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Harvest Funds (hong Kong) Etf - Harvest Msci China A Index Etf of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$12.23 ( 0.00000000%) | HK$12.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 83118.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.23 | 0.00000000% |
| R2 | 12.23 | 0.00000000% |
| R1 | 12.23 | 0.00000000% |
| Price | 12.23 | |
| S1 | 12.23 | 0.00000000% |
| S2 | 12.23 | 0.00000000% |
| S3 | 12.23 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.46 | 1.88% |
| R2 | 12.34 | 0.90% |
| R1 | 12.24 | 0.0818% |
| Price | 12.23 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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