ISHARES MSCI HONG KONG ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for ISHARES MSCI HONG KONG ETF after gaining 0.460%
(Updated on Jun 28, 2024)
The ISHARES MSCI HONG KONG ETF price gained 0.460% on the last trading day (Friday, 28th Jun 2024), rising from $15.23 to $15.30. During the last trading day the ETF fluctuated 0.622% from a day low at $15.27 to a day high of $15.37. The price has fallen in 7 of the last 10 days and is down by -3.71% for this period. Volume fell on the last day by -8 thousand shares and in total, 2 million shares were bought and sold for approximately $32.48 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 lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.24 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 4.29% during the next 3 months and, with a 90% probability hold a price between $15.90 and $19.19 at the end of this 3-month period.
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EWH Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.460%. Further rise is indicated until a new top pivot has been found. 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. The ISHARES MSCI HONG KONG 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 $15.47 and $16.63. 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).
Support, Risk & Stop-loss for ISHARES MSCI HONG KONG ETF
ISHARES MSCI HONG KONG finds support from accumulated volume at $15.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.0950 between high and low, or 0.622%. For the last week, the ETF has had daily average volatility of 0.693%.
ISHARES MSCI HONG KONG is oversold on RSI14 (17). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $14.37 (-6.09%) (This ETF has medium daily movements and this gives medium risk. Low RSI14 is 17 which reduces the risk some. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (EWH) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect ISHARES MSCI HONG KONG ETF to open at $15.31, and during the day (based on 14 day Average True Range), to move between $15.10 and $15.50, which gives a possible trading interval of +/-$0.202 (+/-1.32%) up or down from last closing price. If ISHARES MSCI HONG KONG ETF takes out the full calculated possible swing range there will be an estimated 2.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.16 (0.92%) than the resistance at $15.64 (2.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ISHARES MSCI HONG KONG ETF ETF A Buy?
ISHARES MSCI HONG KONG 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: 0.177 Hold/Accumulate Unchanged
Predicted Opening Price for ISHARES MSCI HONG KONG ETF of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$15.31 ( 0.0763%) | $15.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EWH
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 15.41 | 0.697% |
R2 | 15.37 | 0.460% |
R1 | 15.35 | 0.313% |
Price | 15.30 | |
S1 | 15.28 | -0.161% |
S2 | 15.25 | -0.307% |
S3 | 15.22 | -0.545% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 17.16 | 12.16% |
R2 | 15.98 | 4.44% |
R1 | 15.64 | 2.22% |
Price | 15.30 | |
S1 | 15.16 | -0.92% |
S2 | 14.95 | -2.29% |
S3 | 14.67 | -4.12% |
EWH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.430 | 2.60% |
2 | Nov 28, 2022 | Jun 07, 2023 | Jun 13, 2023 | $0.313 | 1.58% |
3 | Dec 14, 2021 | Dec 13, 2022 | Dec 19, 2022 | $0.281 | 1.35% |
4 | Dec 14, 2021 | Jun 09, 2022 | Jun 15, 2022 | $0.330 | 1.55% |
5 | Dec 30, 2021 | Dec 30, 2021 | Dec 30, 2021 | $0.0080 | 0.0344% |
FAQ
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