Hsbc Etfs Public Ltd Co - Hsbc Msci ETF Forecast
Green day on Wednesday for Hsbc Etfs Public Ltd Co - Hsbc Msci ETF after gaining 0.95%
(Updated on Jun 26, 2024)
The Hsbc Etfs Public Ltd Co - Hsbc Msci ETF price gained 0.95% on the last trading day (Wednesday, 26th Jun 2024), rising from £4,204.00 to £4,244.00. During the last trading day the ETF fluctuated 0.0967% from a day low at £4,239.90 to a day high of £4,244.00. The price has risen in 6 of the last 10 days and is up by 2.96% 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, 434 more shares were traded than the day before. In total, 562 shares were bought and sold for approximately £2.39 million.
The ETF lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at £4,259.40 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the ETF is expected to fall -2.55% during the next 3 months and, with a 90% probability hold a price between £3,809.43 and £4,150.73 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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HKOR.L Signals & Forecast
The Hsbc Etfs Public Ltd Co - Hsbc Msci 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 £4,216.07 and £4,178.71. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, June 19, 2024, and so far it has fallen -0.492%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Hsbc Etfs Public Ltd Co - Hsbc Msci ETF
Hsbc Etfs Public Ltd Co - Hsbc Msci finds support from accumulated volume at £4,158.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved £4.10 (0.0967%) between high and low. For the last week, the ETF has had daily average volatility of 0.283%.
Our recommended stop-loss: £4,089.98 (-3.63%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (HKOR.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Hsbc Etfs Public Limited Company - Hsbc Msci Korea Ucits Etf to open at £4,242.63, and during the day (based on 14 day Average True Range), to move between £4,198.17 and £4,289.83, which gives a possible trading interval of +/-£45.83 (+/-1.08%) up or down from last closing price. If Hsbc Etfs Public Limited Company - Hsbc Msci Korea Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £4,257.00 (0.31%) than the support at £4,158.00 (2.03%), 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 Hsbc Etfs Public Limited Company - Hsbc Msci Korea Ucits Etf ETF A Buy?
Hsbc Etfs Public Ltd Co - Hsbc Msci holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.354 Hold/Accumulate Unchanged
Predicted Opening Price for Hsbc Etfs Public Limited Company - Hsbc Msci Korea Ucits Etf of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| £4,242.63 ( 0.0322%) | £4,244.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HKOR.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,246.73 | 0.0644% |
| R2 | 4,245.17 | 0.0275% |
| R1 | 4,244.20 | 0.0047% |
| Price | 4,244.00 | |
| S1 | 4,241.07 | -0.0691% |
| S2 | 4,240.10 | -0.0919% |
| S3 | 4,238.53 | -0.129% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,342.00 | 2.31% |
| R2 | 4,326.50 | 1.94% |
| R1 | 4,257.00 | 0.306% |
| Price | 4,244.00 | |
| S1 | 4,158.00 | -2.03% |
| S2 | 4,125.00 | -2.80% |
| S3 | 4,123.00 | -2.85% |
FAQ
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