KraneShares California Carbon A ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for KraneShares California Carbon A ETF after gaining 0.88%
(Updated on May 03, 2024)
The KraneShares California Carbon A ETF price gained 0.88% on the last trading day (Friday, 3rd May 2024), rising from $28.28 to $28.53. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 0.789% from a day low at $28.32 to a day high of $28.54. The price has fallen in 6 of the last 10 days and is down by -1.59% for this period. Volume fell on the last day by -33 thousand shares and in total, 11 thousand shares were bought and sold for approximately $301.68 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 ETFhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $28.34, a level that may pose a second chance to hit a runner. According to fan-theory $31.25 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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KCCA Signals & Forecast
There are few to no technical positive signals at the moment. 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 $28.68. On a fall, the ETF will find some support from the short-term average at $28.32. 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. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -4.20%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for KraneShares California Carbon A ETF
KraneShares California Carbon A finds support from accumulated volume at $27.99 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 $0.223 between high and low, or 0.789%. For the last week the ETF has had daily average volatility of 0.82%
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 Monday 6th
For the upcoming trading day on Monday, 6th we expect KraneShares California Carbon A to open at $28.46, and during the day (based on 14 day Average True Range), to move between $28.08 and $28.98, which gives a possible trading interval of +/-$0.451 (+/-1.58%) 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 3.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $28.77 (0.84%) than the support at $27.99 (1.89%), 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 California Carbon A ETF A Buy?
KraneShares California Carbon A holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.
Current score: -3.876 Sell Candidate Unchanged
Predicted Opening Price for KraneShares California Carbon A of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $28.46 ( 0.238%) | $28.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KCCA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.69 | 0.545 % | |
| R2 | 28.60 | 0.246 % | ||
| R1 | 28.55 | 0.0615 % | ||
| Current price: | 28.53 | |||
| Support | S1 | 28.38 | -0.537 % | |
| S2 | 28.32 | -0.721 % | ||
| S3 | 28.24 | -1.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.39 | 6.52 % | |
| R2 | 28.97 | 1.54 % | ||
| R1 | 28.77 | 0.84 % | ||
| Current price | 28.53 | |||
| Support | S1 | 27.99 | -1.89% | |
| S2 | 27.93 | -2.10% | ||
| S3 | 27.16 | -4.80% |
KCCA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.736 | 2.46% |
| 2 | Jun 27, 2023 | Jun 28, 2023 | Jun 30, 2023 | $0.203 | 0.799% |
| 3 | Dec 27, 2022 | Dec 28, 2022 | Dec 30, 2022 | $0.0560 | 0.241% |
FAQ
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