Hsbc Etfs Public Ltd Co - Hsbc Msci ETF Forecast
Hsbc Etfs Public Ltd Co - Hsbc Msci ETF price down 0.319% on Wednesday
(Updated on Jun 19, 2024)
The Hsbc Etfs Public Ltd Co - Hsbc Msci ETF price fell by -0.319% on the last day (Wednesday, 19th Jun 2024) from £469.50 to £468.00. During the last trading day the ETF fluctuated 0% from a day low at £468.00 to a day high of £468.00. The price has risen in 6 of the last 10 days but is still down by -0.61% 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 -12 thousand shares and in total, 0 shares were bought and sold for approximately £0 .
The ETF has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at £470.51. A reaction back to this level may hold a second chance to get out before further falls.
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HMCH.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 0.526%. 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 Etfs Public Ltd Co - Hsbc Msci ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at £479.78. On a fall, the ETF will find some support from the short-term average at £467.34. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 Etfs Public Ltd Co - Hsbc Msci ETF
Hsbc Etfs Public Ltd Co - Hsbc Msci finds support from accumulated volume at £462.90 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 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 0.707%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HMCH.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Hsbc Etfs Public Limited Company - Hsbc Msci China Ucits Etf to open at £468.00, and during the day (based on 14 day Average True Range), to move between £462.08 and £473.92, which gives a possible trading interval of +/-£5.92 (+/-1.26%) up or down from last closing price. If Hsbc Etfs Public Limited Company - Hsbc Msci China Ucits Etf takes out the full calculated possible swing range there will be an estimated 2.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £470.85 (0.61%) than the support at £462.90 (1.09%), 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 China Ucits Etf ETF A Buy?
Hsbc Etfs Public Ltd Co - Hsbc Msci holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.
Current score: -2.469 Sell Candidate Unchanged
Predicted Opening Price for Hsbc Etfs Public Limited Company - Hsbc Msci China Ucits Etf of Thursday, June 20, 2024
Fair opening price June 20, 2024 | Current price |
---|---|
£468.00 ( 0%) | £468.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HMCH.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 468.00 | - |
R2 | 468.00 | - |
R1 | 468.00 | - |
Price | 468.00 | |
S1 | 468.00 | - |
S2 | 468.00 | - |
S3 | 468.00 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 498.40 | 6.50% |
R2 | 482.35 | 3.07% |
R1 | 470.85 | 0.609% |
Price | 468.00 | |
S1 | 462.90 | -1.09% |
S2 | 434.20 | -7.22% |
S3 | 433.30 | -7.41% |
HMCH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 01, 2024 | Feb 01, 2024 | Feb 22, 2024 | £5.81 | 1.36% |
2 | Aug 03, 2023 | Aug 03, 2023 | Aug 25, 2023 | £4.49 | 0.96% |
3 | Feb 02, 2023 | Feb 02, 2023 | Feb 24, 2023 | £4.86 | 0.90% |
4 | Jul 28, 2022 | Jul 28, 2022 | Aug 19, 2022 | £6.13 | 1.12% |
5 | Jan 20, 2022 | Jan 20, 2022 | Feb 11, 2022 | £3.80 | 0.610% |
FAQ
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