Hsbc Msci Canada Ucits Etf ETF Forecast
Hsbc Msci Canada Ucits Etf ETF price down 0.91% on Wednesday
(Updated on Jun 19, 2024)
The Hsbc Msci Canada Ucits Etf ETF price fell by -0.91% on the last day (Wednesday, 19th Jun 2024) from £1,750.50 to £1,734.50. During the last trading day the ETF fluctuated 0% from a day low at £1,734.50 to a day high of £1,734.50. The price has fallen in 5 of the last 10 days and is down by -1.56% for this period. 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 -1 thousand shares and in total, 0 shares were bought and sold for approximately £0 .
The ETF lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £1,732.96 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -2.47% during the next 3 months and, with a 90% probability hold a price between £1,690.10 and £1,776.43 at the end of this 3-month period.
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HCAN.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hsbc Msci Canada Ucits Etf 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 £1,746.79 and £1,791.94. 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). 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 Hsbc Msci Canada Ucits Etf ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
In general the ETF tends to have very controlled movements and therefore the general risk is considered very 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.603%
Our recommended stop-loss: £1,626.27 (-6.24%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (HCAN.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Hsbc Msci Canada Ucits Etf to open at £1,734.50, and during the day (based on 14 day Average True Range), to move between £1,717.88 and £1,751.12, which gives a possible trading interval of +/-£16.62 (+/-0.96%) up or down from last closing price. If Hsbc Msci Canada Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.92% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £1,762.00, some £27.50 (1.59%) from the current price of £1,734.50, our system finds the risk reward not very attractive.
Is Hsbc Msci Canada Ucits Etf ETF A Buy?
Hsbc Msci Canada Ucits Etf 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: -0.821 Hold/Accumulate Unchanged
Predicted Opening Price for Hsbc Msci Canada Ucits Etf of Thursday, June 20, 2024
Fair opening price June 20, 2024 | Current price |
---|---|
£1,734.50 ( 0%) | £1,734.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HCAN.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,734.50 | - |
R2 | 1,734.50 | - |
R1 | 1,734.50 | - |
Price | 1,734.50 | |
S1 | 1,734.50 | - |
S2 | 1,734.50 | - |
S3 | 1,734.50 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,841.50 | 6.17% |
R2 | 1,831.75 | 5.61% |
R1 | 1,762.00 | 1.59% |
Price | 1,734.50 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
HCAN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 25, 2024 | Jan 25, 2024 | Feb 16, 2024 | £19.02 | 1.08% |
2 | Aug 03, 2023 | Aug 03, 2023 | Aug 25, 2023 | £18.61 | 1.17% |
3 | Jan 26, 2023 | Jan 26, 2023 | Feb 17, 2023 | £18.71 | 1.08% |
4 | Jul 21, 2022 | Jul 21, 2022 | Aug 12, 2022 | £16.81 | 0.95% |
5 | Jan 20, 2022 | Jan 20, 2022 | Feb 11, 2022 | £14.40 | 0.84% |
FAQ
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