ISHARESMSCI TWI ETF/UT USD Stock Forecast
Stronger technical forecast for ISHARESMSCI TWI ETF/UT USD stock price after Friday trading.
(Updated on May 31, 2024)
The ISHARESMSCI TWI ETF/UT USD stock price fell by -1.60% on the last day (Friday, 31st May 2024) from HK$26.18 to HK$25.76. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.33% from a day low at HK$25.76 to a day high of HK$26.36. The price has fallen in 5 of the last 10 days and is down by -1.38% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -37 thousand shares and in total, 1 thousand shares were bought and sold for approximately HK$34.36 thousand.
The stock lies in the middle of a wide and 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 5.95% during the next 3 months and, with a 90% probability hold a price between HK$25.42 and HK$28.69 at the end of this 3-month period.
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9074.HK Signals & Forecast
The ISHARESMSCI TWI ETF/UT USD stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$26.51. On a fall, the stock will find some support from the long-term average at approximately HK$25.19. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -4.59%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ISHARESMSCI TWI ETF/UT USD stock
ISHARESMSCI TWI ETF/UT USD finds support from accumulated volume at HK$25.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.600 between high and low, or 2.33%. For the last week the stock has had daily average volatility of 0.91%.
Our recommended stop-loss: HK$24.40 (-5.29%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (9074.HK) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect ISHARESMSCI TWI ETF/UT USD to open at HK$25.96, and during the day (based on 14 day Average True Range), to move between HK$25.42 and HK$26.10, which gives a possible trading interval of +/-HK$0.345 (+/-1.34%) up or down from last closing price. If ISHARESMSCI TWI ETF/UT USD takes out the full calculated possible swing range there will be an estimated 2.68% 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$25.72 (0.16%) than the resistance at HK$26.18 (1.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ISHARESMSCI TWI ETF/UT USD stock A Buy?
ISHARESMSCI TWI ETF/UT USD holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.087 Hold/Accumulate Upgraded
Predicted Opening Price for ISHARESMSCI TWI ETF/UT USD of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
HK$25.96 ( 0.776%) | HK$25.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 9074.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 26.56 | 3.11 % | |
R2 | 26.33 | 2.22 % | ||
R1 | 26.19 | 1.67 % | ||
Current price: | 25.76 | |||
Support | S1 | 25.73 | -0.113 % | |
S2 | 25.59 | -0.663 % | ||
S3 | 25.36 | -1.55 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 26.56 | 3.11 % | |
R2 | 26.42 | 2.56 % | ||
R1 | 26.18 | 1.63 % | ||
Current price | 25.76 | |||
Support | S1 | 25.72 | -0.155% | |
S2 | 25.00 | -2.95% | ||
S3 | 24.84 | -3.57% |
9074 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 13, 2023 | Nov 13, 2023 | Nov 13, 2023 | HK$0.560 | 2.73% |
2 | Nov 14, 2022 | Nov 14, 2022 | Nov 14, 2022 | HK$0.670 | 3.65% |
3 | Nov 06, 2020 | Nov 06, 2020 | Nov 06, 2020 | HK$0.400 | 2.18% |
4 | Dec 20, 2019 | Dec 20, 2019 | Dec 20, 2019 | HK$0.450 | 2.83% |
5 | Dec 17, 2018 | Dec 17, 2018 | Dec 17, 2018 | HK$0.600 | 4.96% |
FAQ
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