KRANESHARES BOSERA MSCI CHINA A SHARE ETF Forecast
Red day on Thursday for KRANESHARES BOSERA MSCI CHINA A SHARE ETF after losing 0.253%
(Updated on Jun 27, 2024)
The KRANESHARES BOSERA MSCI CHINA A SHARE ETF price fell by -0.253% on the last day (Thursday, 27th Jun 2024) from $21.73 to $21.68. During the last trading day the ETF fluctuated 0.277% from a day low at $21.67 to a day high of $21.73. The price has fallen in 5 of the last 10 days and is down by -1.03% 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 -31 thousand shares and in total, 25 thousand shares were bought and sold for approximately $536.20 thousand.
The ETF lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $21.50 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 2.69% during the next 3 months and, with a 90% probability hold a price between $22.08 and $23.99 at the end of this 3-month period.
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KBA Signals & Forecast
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. 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 $21.86 and $22.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -6.13%. Further fall is indicated until a new bottom pivot has been found. 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.
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 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 $0.0600 between high and low, or 0.277%. For the last week the ETF has had daily average volatility of 0.303%
Our recommended stop-loss: $20.31 (-6.32%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 52 days ago.)
Trading Expectations (KBA) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect KRANESHARES BOSERA MSCI CHINA A SHARE ETF KRANESHARES BOSERA MSCI CHINA A SHARE ETF to open at $21.69, and during the day (based on 14 day Average True Range), to move between $21.49 and $21.86, which gives a possible trading interval of +/-$0.190 (+/-0.87%) 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 1.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.56 (0.53%) than the resistance at $21.82 (0.67%), 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 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 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: -0.842 Hold/Accumulate Unchanged
Predicted Opening Price for KRANESHARES BOSERA MSCI CHINA A SHARE ETF KRANESHARES BOSERA MSCI CHINA A SHARE ETF of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $21.69 ( 0.0769%) | $21.68 |
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 | 21.75 | 0.354% |
| R2 | 21.73 | 0.248% |
| R1 | 21.71 | 0.183% |
| Price | 21.68 | |
| S1 | 21.67 | -0.0289% |
| S2 | 21.65 | -0.0942% |
| S3 | 21.63 | -0.200% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.52 | 3.90% |
| R2 | 22.44 | 3.53% |
| R1 | 21.82 | 0.669% |
| Price | 21.68 | |
| S1 | 21.56 | -0.531% |
| S2 | 21.40 | -1.27% |
| S3 | 21.17 | -2.33% |
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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