iShares MSCI China A ETF Forecast
Weaker technical forecast for iShares MSCI China A as ETF downgraded to Sell Candidate.
(Updated on Jun 13, 2024)
The iShares MSCI China A ETF price fell by -0.84% on the last day (Thursday, 13th Jun 2024) from $26.13 to $25.91. During the last trading day the ETF fluctuated 0.502% from a day low at $25.90 to a day high of $26.03. The price has fallen in 6 of the last 10 days and is down by -2.41% for this period. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 136 thousand shares were bought and sold for approximately $3.53 million.
The ETF is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $25.83 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect iShares MSCI China A ETF with a 90% probability to be traded between $26.19 and $27.95 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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CNYA Signals & Forecast
There are few to no technical positive signals at the moment. The iShares MSCI China A 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 $26.19 and $26.73. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -5.64%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for iShares MSCI China A ETF
iShares MSCI China A finds support from accumulated volume at $25.86 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 $0.130 between high and low, or 0.502%. For the last week the ETF has had daily average volatility of 0.357%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CNYA) For The Upcoming Trading Day Of Friday 14th
For the upcoming trading day on Friday, 14th we expect iShares MSCI China A ETF to open at $25.95, and during the day (based on 14 day Average True Range), to move between $25.70 and $26.12, which gives a possible trading interval of +/-$0.213 (+/-0.82%) up or down from last closing price. If iShares MSCI China A ETF takes out the full calculated possible swing range there will be an estimated 1.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.94 (0.12%) than the support at $25.86 (0.21%), 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 iShares MSCI China A ETF ETF A Buy?
iShares MSCI China A holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Sell candidate.
Current score: -2.057 Sell Candidate Downgraded
Predicted Opening Price for iShares MSCI China A ETF of Friday, June 14, 2024
| Fair opening price June 14, 2024 | Current price |
|---|---|
| $25.95 ( 0.142%) | $25.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CNYA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.08 | 0.643% |
| R2 | 26.03 | 0.451% |
| R1 | 26.00 | 0.333% |
| Price | 25.91 | |
| S1 | 25.90 | -0.0499% |
| S2 | 25.87 | -0.168% |
| S3 | 25.82 | -0.360% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.25 | 1.31% |
| R2 | 26.19 | 1.08% |
| R1 | 25.94 | 0.116% |
| Price | 25.91 | |
| S1 | 25.86 | -0.212% |
| S2 | 25.74 | -0.656% |
| S3 | 25.57 | -1.31% |
CNYA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $1.03 | 4.17% |
| 2 | Jun 06, 2023 | Jun 07, 2023 | Jun 13, 2023 | $0.0610 | 0.206% |
| 3 | Dec 12, 2022 | Dec 13, 2022 | Dec 19, 2022 | $0.774 | 2.49% |
| 4 | Jun 08, 2022 | Jun 09, 2022 | Jun 15, 2022 | $0.0660 | 0.181% |
| 5 | Dec 10, 2021 | Dec 13, 2021 | Dec 17, 2021 | $0.411 | 0.95% |
FAQ
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