KRANESHARES BOSERA MSCI CHINA A SHARE ETF Forecast
Weaker technical forecast for KRANESHARES BOSERA MSCI CHINA A SHARE as ETF downgraded to Sell Candidate.
(Updated on Jun 21, 2024)
The KRANESHARES BOSERA MSCI CHINA A SHARE ETF price fell by -0.684% on the last day (Friday, 21st Jun 2024) from $21.93 to $21.78. During the last trading day the ETF fluctuated 0.276% from a day low at $21.75 to a day high of $21.81. The price has been going up and down for this period, and there has been a -2.85% loss for the last 2 weeks. 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 -49 thousand shares and in total, 98 thousand shares were bought and sold for approximately $2.13 million.
The ETF has broken the weak 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 $21.83. A reaction back to this level may hold a second chance to get out before further falls.
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KBA Signals & Forecast
There are mixed signals in the ETF today. The KRANESHARES BOSERA MSCI CHINA A SHARE 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 $21.95 and $22.36. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 0.138%. 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 KRANESHARES BOSERA MSCI CHINA A SHARE ETF
KRANESHARES BOSERA MSCI CHINA A SHARE finds support from accumulated volume at $21.56 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 with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.0600 between high and low, or 0.276%. For the last week the ETF has had daily average volatility of 0.360%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KBA) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect KRANESHARES BOSERA MSCI CHINA A SHARE ETF KRANESHARES BOSERA MSCI CHINA A SHARE ETF to open at $21.78, and during the day (based on 14 day Average True Range), to move between $21.58 and $21.98, which gives a possible trading interval of +/-$0.202 (+/-0.93%) up or down from last closing price. If KRANESHARES BOSERA MSCI CHINA A SHARE ETF KRANESHARES BOSERA MSCI CHINA A SHARE ETF takes out the full calculated possible swing range there will be an estimated 1.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.82 (0.18%) than the support at $21.56 (1.01%), 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 KRANESHARES BOSERA MSCI CHINA A SHARE ETF KRANESHARES BOSERA MSCI CHINA A SHARE ETF ETF A Buy?
KRANESHARES BOSERA MSCI CHINA A SHARE 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.317 Sell Candidate Downgraded
Predicted Opening Price for KRANESHARES BOSERA MSCI CHINA A SHARE ETF KRANESHARES BOSERA MSCI CHINA A SHARE ETF of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $21.78 ( 0%) | $21.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KBA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.84 | 0.275% |
| R2 | 21.82 | 0.170% |
| R1 | 21.80 | 0.105% |
| Price | 21.78 | |
| S1 | 21.76 | -0.105% |
| S2 | 21.74 | -0.170% |
| S3 | 21.72 | -0.275% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.52 | 3.40% |
| R2 | 22.44 | 3.03% |
| R1 | 21.82 | 0.184% |
| Price | 21.78 | |
| S1 | 21.56 | -1.01% |
| S2 | 21.40 | -1.74% |
| S3 | 21.17 | -2.80% |
KBA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.485 | 2.44% |
| 2 | Dec 13, 2022 | Dec 14, 2022 | Dec 16, 2022 | $6.25 | 24.26% |
| 3 | Dec 29, 2021 | Dec 29, 2021 | Dec 31, 2021 | $3.94 | 9.06% |
| 4 | Dec 28, 2020 | Dec 29, 2020 | Dec 31, 2020 | $0.298 | 0.649% |
| 5 | Dec 26, 2019 | Dec 27, 2019 | Dec 31, 2019 | $0.499 | 1.53% |
FAQ
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