Hsbc Usa Sustainable Equity Ucits Etf ETF Forecast

Hsbc Usa Sustainable Equity Ucits Etf ETF price ended at 26.68€ on Friday, after gaining 0.188%.
(Updated on Jun 28, 2024)

HSUD.MI Signals & Forecast

The Hsbc Usa Sustainable Equity Ucits Etf 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 26.64€ and 26.14€. 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 Wednesday, June 26, 2024, and so far it has fallen -0.0375%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Hsbc Usa Sustainable Equity Ucits Etf ETF

Hsbc Usa Sustainable Equity Ucits Etf finds support from accumulated volume at 25.51€ 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 0.0300€ between high and low, or 0.113%. For the last week the ETF has had daily average volatility of 0.0225%

Our recommended stop-loss: 25.89€ (-2.93%) (This ETF has low daily movements and this gives low risk. The RSI14 is 79 and this increases the risk substantially. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (HSUD.MI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Hsbc Usa Sustainable Equity Ucits Etf to open at 26.67€, and during the day (based on 14 day Average True Range), to move between 26.52€ and 26.83€, which gives a possible trading interval of +/-0.159€ (+/-0.60%) up or down from last closing price. If Hsbc Usa Sustainable Equity Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.19% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 26.69€ (0.04%) than the support at 25.51€ (4.37%), 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 Usa Sustainable Equity Ucits Etf ETF A Buy?

Hsbc Usa Sustainable Equity Ucits Etf 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Hsbc Usa Sustainable Equity Ucits Etf of Monday, July 1, 2024

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