KraneShares CICC China 5G & ETF Forecast
KraneShares CICC China 5G & ETF upgraded from Buy Candidate to Strong Buy Candidate after Monday trading session.
(Updated on Jun 17, 2024)
The KraneShares CICC China 5G & ETF price gained 2.61% on the last trading day (Monday, 17th Jun 2024), rising from $15.71 to $16.12. It has now gained 6 days in a row. It is not often that ETFS manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the ETF fluctuated 0.99% from a day low at $15.98 to a day high of $16.14. The price has risen in 9 of the last 10 days and is up by 8.04% over the past 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 5 thousand shares were bought and sold for approximately $81.36 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 ETF lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $16.13 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 3.93% during the next 3 months and, with a 90% probability hold a price between $14.87 and $16.77 at the end of this 3-month period.
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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 $15.31 and $15.17. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 15.72%. 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. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Tuesday, June 11, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Golden Star
The ETF had a Golden Star Signal on Tuesday, June 11, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.
Support, Risk & Stop-loss for KraneShares CICC China 5G & ETF
KraneShares CICC China 5G & finds support from accumulated volume at $15.45 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 controlled movements and therefore the general risk is considered 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 $0.159 between high and low, or 0.99%. For the last week the ETF has had daily average volatility of 1.05%.
Since the KraneShares CICC China 5G & has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the ETF is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $15.63 (-3.06%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 63 days ago.)
Trading Expectations (KFVG) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect KraneShares CICC China 5G & Semiconductor Index ETF to open at $16.08, and during the day (based on 14 day Average True Range), to move between $15.87 and $16.37, which gives a possible trading interval of +/-$0.248 (+/-1.54%) 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 3.08% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $15.45, some $0.670 (4.16%) from the current price of $16.12, our system finds the risk reward attractive.
Is KraneShares CICC China 5G & Semiconductor Index ETF ETF A Buy?
KraneShares CICC China 5G & holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.663 Strong Buy Candidate Upgraded
Predicted Opening Price for KraneShares CICC China 5G & Semiconductor Index ETF of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $16.08 ( 0.245%) | $16.12 |
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 | |
|---|---|---|
| R3 | 16.24 | 0.738% |
| R2 | 16.18 | 0.363% |
| R1 | 16.14 | 0.131% |
| Price | 16.12 | |
| S1 | 16.02 | -0.621% |
| S2 | 15.98 | -0.85% |
| S3 | 15.92 | -1.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 16.12 | |
| S1 | 15.45 | -4.16% |
| S2 | 14.98 | -7.05% |
| S3 | 14.57 | -9.62% |
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
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