Kraneshares Icbccs S&p China 500 Index ETF Forecast
Kraneshares Icbccs S&p China 500 Index ETF price ended at 9.86€ on Wednesday, after gaining 0.203%.
(Updated on Jun 26, 2024)
The Kraneshares Icbccs S&p China 500 Index ETF price gained 0.203% on the last trading day (Wednesday, 26th Jun 2024), rising from 9.84€ to 9.86€. 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 ETF fluctuated 0.530% from a day low at 9.81€ to a day high of 9.86€. The price has risen in 6 of the last 10 days and is up by 0.1% 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, 524 more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately 10.53€ thousand.
The ETF is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Kraneshares Icbccs S&p China 500 Index ETF with a 90% probability to be traded between 9.64€ and 9.89€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CHIN.MI Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 0.458%. Further rise is indicated until a new top pivot has been found. Kraneshares Icbccs S&p China 500 Index has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kraneshares Icbccs S&p China 500 Index 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 9.90€ and 9.94€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Friday, June 21, 2024 and based on theory for this formation the price should go up by 4.87% to 10.34€ within 6 trading days since signal was issued (Monday, July 01, 2024).
Support, Risk & Stop-loss for Kraneshares Icbccs S&p China 500 Index ETF
Kraneshares Icbccs S&p China 500 Index finds support from accumulated volume at 9.85€ 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 0.0520€ between high and low, or 0.530%. For the last week the ETF has had daily average volatility of 0.655%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CHIN.MI) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Kraneshares Icbccs S&p China 500 Index Ucits Etf to open at 9.85€, and during the day (based on 14 day Average True Range), to move between 9.76€ and 9.97€, which gives a possible trading interval of +/-0.108€ (+/-1.09%) up or down from last closing price. If Kraneshares Icbccs S&p China 500 Index Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 9.85€ (0.13%) than the resistance at 9.94€ (0.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kraneshares Icbccs S&p China 500 Index Ucits Etf ETF A Buy?
Kraneshares Icbccs S&p China 500 Index holds several negative signals and is within a narrow and 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: -3.419 Sell Candidate Unchanged
Predicted Opening Price for Kraneshares Icbccs S&p China 500 Index Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 9.85€ ( 0.176%) | 9.86€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHIN.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.90 | 0.351% |
| R2 | 9.88 | 0.150% |
| R1 | 9.87 | 0.0257% |
| Price | 9.86 | |
| S1 | 9.83 | -0.377% |
| S2 | 9.81 | -0.502% |
| S3 | 9.79 | -0.703% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.08 | 2.23% |
| R2 | 9.96 | 0.96% |
| R1 | 9.94 | 0.770% |
| Price | 9.86 | |
| S1 | 9.85 | -0.132% |
| S2 | 9.83 | -0.304% |
| S3 | 9.82 | -0.456% |
CHIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 16, 2022 | Jun 16, 2022 | Jun 23, 2022 | 0.151€ | 0% |
| 2 | Jun 17, 2021 | Jun 17, 2021 | Jun 24, 2021 | 0.136€ | 0% |
| 3 | Jun 18, 2020 | Jun 18, 2020 | Jun 25, 2020 | 0.190€ | 0% |
| 4 | Jun 20, 2019 | Jun 20, 2019 | Jun 27, 2019 | 0.285€ | 0% |
FAQ
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