Hsbc Etfs Public Ltd Co - Hsbc Msci ETF Forecast

Hsbc Etfs Public Ltd Co - Hsbc Msci ETF price down 0% on Thursday
(Updated on Jun 27, 2024)

HMCH.L Signals & Forecast

There are mixed signals in the ETF today. The Hsbc Etfs Public Ltd Co - Hsbc Msci 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 £469.10 and £479.78. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 0.495%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

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 0.750%

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 Friday 28th

For the upcoming trading day on Friday, 28th we expect Hsbc Etfs Public Limited Company - Hsbc Msci China Ucits Etf to open at £467.20, and during the day (based on 14 day Average True Range), to move between £461.60 and £472.80, which gives a possible trading interval of +/-£5.60 (+/-1.20%) 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 2.40% 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 (0.78%) than the support at £462.90 (0.92%), 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: -1.423 Sell Candidate Unchanged

Predicted Opening Price for Hsbc Etfs Public Limited Company - Hsbc Msci China Ucits Etf of Friday, June 28, 2024

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