KraneShares CICC China 5G & ETF Forecast
KraneShares CICC China 5G & ETF price ended at $15.43 on Friday, after gaining 1.28%.
(Updated on May 17, 2024)
The KraneShares CICC China 5G & ETF price gained 1.28% on the last trading day (Friday, 17th May 2024), rising from $15.23 to $15.43. During the last trading day the ETF fluctuated 0.162% from a day low at $15.40 to a day high of $15.43. The price has been going up and down for this period, and there has been a -1.06% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $40.07 thousand.
The ETF lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 5.19% during the next 3 months and, with a 90% probability hold a price between $14.91 and $16.91 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
KFVG Signals & Forecast
The KraneShares CICC China 5G & ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $15.27 and $14.76. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). KraneShares CICC China 5G & has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -1.06%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for KraneShares CICC China 5G & ETF
KraneShares CICC China 5G & finds support from accumulated volume at $14.98 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 and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.0250 between high and low, or 0.162%. For the last week, the ETF has had daily average volatility of 0.358%.
Our recommended stop-loss: $14.78 (-4.17%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (KFVG) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect KraneShares CICC China 5G & Semiconductor Index ETF to open at $15.42, and during the day (based on 14 day Average True Range), to move between $15.19 and $15.66, which gives a possible trading interval of +/-$0.240 (+/-1.55%) up or down from last closing price. If KraneShares CICC China 5G & Semiconductor Index ETF takes out the full calculated possible swing range there will be an estimated 3.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.45 (0.16%) than the support at $14.98 (2.87%), 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 CICC China 5G & Semiconductor Index ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for KraneShares CICC China 5G & ETF to perform well in the short-term.
Current score: 3.265 Buy Candidate Unchanged
Predicted Opening Price for KraneShares CICC China 5G & Semiconductor Index ETF of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$15.42 ( 0.0540%) | $15.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KFVG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.44 | 0.108 % | |
R2 | 15.43 | 0.0461 % | ||
R1 | 15.43 | 0.0079 % | ||
Current price: | 15.43 | |||
Support | S1 | 15.41 | -0.116 % | |
S2 | 15.40 | -0.154 % | ||
S3 | 15.39 | -0.216 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.47 | 0.292 % | |
R2 | 15.46 | 0.227 % | ||
R1 | 15.45 | 0.162 % | ||
Current price | 15.43 | |||
Support | S1 | 14.98 | -2.87% | |
S2 | 14.80 | -4.05% | ||
S3 | 14.79 | -4.12% |
KFVG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.0390 | 0.270% |
2 | Dec 27, 2022 | Dec 28, 2022 | Dec 30, 2022 | $0.0540 | 0.352% |
FAQ
Click here for our free guide on how to buy KraneShares CICC China 5G & Semiconductor Index ETF ETF.