XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETF Forecast
Green day on Wednesday for XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETF after gaining 0.122%
(Updated on May 01, 2024)
The XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETF price gained 0.122% on the last trading day (Wednesday, 1st May 2024), rising from $24.64 to $24.67. During the last trading day the ETF fluctuated 0.589% from a day low at $24.63 to a day high of $24.78. The price has been going up and down for this period, and there has been a 1.31% gain for the last 2 weeks. Volume fell on the last day by -3 million shares and in total, 2 million shares were bought and sold for approximately $49.15 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $24.98 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 6.24% during the next 3 months and, with a 90% probability hold a price between $24.52 and $26.54 at the end of this 3-month period.
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ASHR Signals & Forecast
The XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETF 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 $24.41 and $24.32. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely. 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 Monday, April 29, 2024, and so far it has fallen -1.04%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETF
XTRACKERS HARVEST CSI 300 CHINA A-SHARES finds support from accumulated volume at $24.23 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.145 between high and low, or 0.589%. For the last week the ETF has had daily average volatility of 0.495%.
Our recommended stop-loss: $23.77 (-3.66%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (ASHR) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETF to open at $24.69, and during the day (based on 14 day Average True Range), to move between $24.42 and $24.92, which gives a possible trading interval of +/-$0.255 (+/-1.03%) up or down from last closing price. If XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETF takes out the full calculated possible swing range there will be an estimated 2.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.79 (0.49%) than the support at $24.23 (1.78%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETF to perform well in the short-term.
Current score: 2.294 Buy Candidate Unchanged
Predicted Opening Price for XTRACKERS HARVEST CSI 300 CHINA A-SHARES ETF of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $24.69 ( 0.0878%) | $24.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASHR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.84 | 0.676 % | |
| R2 | 24.78 | 0.451 % | ||
| R1 | 24.75 | 0.312 % | ||
| Current price: | 24.67 | |||
| Support | S1 | 24.64 | -0.137 % | |
| S2 | 24.60 | -0.275 % | ||
| S3 | 24.55 | -0.500 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.93 | 1.05 % | |
| R2 | 24.89 | 0.89 % | ||
| R1 | 24.79 | 0.486 % | ||
| Current price | 24.67 | |||
| Support | S1 | 24.23 | -1.78% | |
| S2 | 24.00 | -2.72% | ||
| S3 | 23.73 | -3.81% |
ASHR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2023 | Dec 15, 2023 | Dec 15, 2023 | $0.593 | 2.56% |
| 2 | Mar 04, 2022 | Dec 16, 2022 | Dec 23, 2022 | $0.316 | 1.15% |
| 3 | Dec 16, 2021 | Dec 17, 2021 | Dec 27, 2021 | $0.345 | 0.89% |
| 4 | Dec 17, 2020 | Dec 18, 2020 | Dec 28, 2020 | $0.325 | 0.83% |
| 5 | Dec 17, 2019 | Dec 18, 2019 | Dec 24, 2019 | $0.290 | 1.01% |
FAQ
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