KraneShares Electric Vehicles and Future ETF Forecast
Green day on Thursday for KraneShares Electric Vehicles and Future ETF after gaining 1.66%
(Updated on Apr 18, 2024)
The KraneShares Electric Vehicles and Future ETF price gained 1.66% on the last trading day (Thursday, 18th Apr 2024), rising from $21.11 to $21.46. During the last trading day the ETF fluctuated 1.10% from a day low at $21.26 to a day high of $21.50. The price has risen in 6 of the last 10 days but is still down by -2.9% for this period. Volume fell on the last day by -8 thousand shares and in total, 7 thousand shares were bought and sold for approximately $160.07 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $20.91 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 4.43% during the next 3 months and, with a 90% probability hold a price between $21.84 and $24.71 at the end of this 3-month period.
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KARS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.77%. 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 KraneShares Electric Vehicles and Future 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 $21.55 and $22.34. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
A sell signal from a double top formation was found on Wednesday, March 20, 2024 with a target of $22.46. Despite whether the objective of the signal formation has been reached the ETF may continue to fall.
Support, Risk & Stop-loss for KraneShares Electric Vehicles and Future ETF
KraneShares Electric Vehicles and Future finds support from accumulated volume at $21.45 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 controlled movements and therefore the general risk is considered 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 $0.235 between high and low, or 1.10%. For the last week the ETF has had daily average volatility of 1.60%.
Our recommended stop-loss: $20.44 (-4.76%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (KARS) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect KraneShares Electric Vehicles and Future Mobility Index ETF to open at $21.41, and during the day (based on 14 day Average True Range), to move between $21.01 and $21.91, which gives a possible trading interval of +/-$0.452 (+/-2.11%) up or down from last closing price. If KraneShares Electric Vehicles and Future Mobility Index ETF takes out the full calculated possible swing range there will be an estimated 4.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.45 (0.05%) than the resistance at $21.70 (1.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KraneShares Electric Vehicles and Future Mobility Index ETF ETF A Buy?
KraneShares Electric Vehicles and Future 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: 0.198 Hold/Accumulate Unchanged
Predicted Opening Price for KraneShares Electric Vehicles and Future Mobility Index ETF of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $21.41 ( 0.256%) | $21.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KARS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.64 | 0.84 % | |
| R2 | 21.55 | 0.420 % | ||
| R1 | 21.49 | 0.162 % | ||
| Current price: | 21.46 | |||
| Support | S1 | 21.32 | -0.674 % | |
| S2 | 21.26 | -0.93 % | ||
| S3 | 21.17 | -1.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.46 | 4.66 % | |
| R2 | 22.15 | 3.22 % | ||
| R1 | 21.70 | 1.12 % | ||
| Current price | 21.46 | |||
| Support | S1 | 21.45 | -0.0466% | |
| S2 | 21.27 | -0.89% | ||
| S3 | 20.76 | -3.26% |
KARS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.226 | 0.90% |
| 2 | Dec 27, 2022 | Dec 28, 2022 | Dec 30, 2022 | $0.319 | 1.13% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 31, 2021 | $3.15 | 6.73% |
| 4 | Dec 28, 2020 | Dec 29, 2020 | Dec 31, 2020 | $0.0570 | 0.142% |
| 5 | Dec 26, 2019 | Dec 27, 2019 | Dec 31, 2019 | $0.435 | 1.85% |
FAQ
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