$16.94
-0.0100 (-0.0590%)
At Close: Mar 27, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of HBLK.TO
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Red day on Wednesday for Blockchain Technologies ETF after losing 0.0590%
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 08, 2024 Gain 20.23% PDF

The Blockchain Technologies ETF price fell by -0.0590% on the last day (Wednesday, 27th Mar 2024) from $16.95 to $16.94. During the last trading day the ETF fluctuated 1.67% from a day low at $16.80 to a day high of $17.08. The price has risen in 6 of the last 10 days and is up by 4.7% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -3 thousand shares and in total, 2 thousand shares were bought and sold for approximately $35.74 thousand.

The ETF lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 22.27% during the next 3 months and, with a 90% probability hold a price between $18.77 and $22.57 at the end of this 3-month period.

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HBLK.TO Signals & Forecast

The Blockchain Technologies 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 $16.71 and $16.21. 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). 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, February 27, 2024, and so far it has fallen -2.19%. 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 ETF 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 Blockchain Technologies ETF

Blockchain Technologies finds support from accumulated volume at $16.64 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the ETF. During the last day, the ETF moved $0.280 between high and low, or 1.67%. For the last week the ETF has had daily average volatility of 1.95%.

Our recommended stop-loss: $16.29 (-3.86%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)

Trading Expectations (HBLK.TO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Blockchain Technologies ETF to open at $16.94, and during the day (based on 14 day Average True Range), to move between $16.43 and $17.45, which gives a possible trading interval of +/-$0.507 (+/-2.99%) up or down from last closing price. If Blockchain Technologies ETF takes out the full calculated possible swing range there will be an estimated 5.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $16.95 (0.06%) than the support at $16.64 (1.77%), 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 Blockchain Technologies 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 Blockchain Technologies ETF to perform well in the short-term.

Current score: 2.724 Buy Candidate Unchanged

Predicted Opening Price for Blockchain Technologies ETF of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$16.94 ( 0.00000000%) $16.94

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for HBLK.TO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 17.22 1.65 %
R2 17.11 1.02 %
R1 17.05 0.631 %
Current price: 16.94
Support S1 16.83 -0.631 %
S2 16.77 -1.02 %
S3 16.66 -1.65 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 17.07 0.767 %
R2 17.02 0.472 %
R1 16.95 0.0590 %
Current price 16.94
Support S1 16.64 -1.77%
S2 16.09 -5.02%
S3 12.84 -24.20%

FAQ

What is the symbol for Blockchain Technologies ETF ETF and on which exchange is it traded?
The symbol for Blockchain Technologies ETF is HBLK.TO and it is traded on the TSX (Toronto Stock Exchange).

Should I buy or sell Blockchain Technologies ETF ETF?
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 Blockchain Technologies ETF to perform well in the short-term.

How to buy Blockchain Technologies ETF ETF?
Blockchain Technologies ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Blockchain Technologies ETF ETF.

What's the current price of Blockchain Technologies ETF ETF?
As of the end of day on the 2024-03-27, the price of an Blockchain Technologies ETF (HBLK.TO) share was $16.94.

What is the 52-week high and low for Blockchain Technologies ETF ETF?
The 52-week high for Blockchain Technologies ETF ETF is $17.75 and the 52-week low is $9.35.

What is the market capitalization of Blockchain Technologies ETF ETF?
As of the 2024-03-27, the market capitalization of Blockchain Technologies ETF is 27.035M.
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