KraneShares California Carbon A ETF Forecast

KraneShares California Carbon A ETF price up 1.69% on Tuesday
(Updated on Jun 25, 2024)

KCCA Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 3.19%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The KraneShares California Carbon A ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $27.77. On a fall, the ETF will find some support from the short-term average at $26.26. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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.

Support, Risk & Stop-loss for KraneShares California Carbon A ETF

KraneShares California Carbon A finds support from accumulated volume at $26.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.400 between high and low, or 1.53%. For the last week the ETF has had daily average volatility of 1.89%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (KCCA) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect KraneShares California Carbon A to open at $26.45, and during the day (based on 14 day Average True Range), to move between $26.03 and $27.07, which gives a possible trading interval of +/-$0.521 (+/-1.96%) up or down from last closing price. If KraneShares California Carbon A takes out the full calculated possible swing range there will be an estimated 3.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $26.43 (0.45%) than the resistance at $27.39 (3.16%), 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 California Carbon A ETF A Buy?

KraneShares California Carbon A 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: -2.118 Sell Candidate Unchanged

Predicted Opening Price for KraneShares California Carbon A of Wednesday, June 26, 2024

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