KraneShares MSCI China Environment Index ETF Forecast
Red day on Friday for KraneShares MSCI China Environment Index
(Updated on Apr 19, 2024)
The KraneShares MSCI China Environment Index ETF price fell by -2.31% on the last day (Friday, 19th Apr 2024) from $19.93 to $19.47. During the last trading day the ETF fluctuated 0.789% from a day low at $19.46 to a day high of $19.61. The price has risen in 6 of the last 10 days but is still down by -3.06% 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 -8 thousand shares and in total, 975 shares were bought and sold for approximately $18.98 thousand.
The ETF lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $19.27 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 8.25% during the next 3 months and, with a 90% probability hold a price between $20.85 and $24.66 at the end of this 3-month period.
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KGRN 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 MSCI China Environment Index 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 $19.92 and $20.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -11.70%. 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for KraneShares MSCI China Environment Index ETF
KraneShares MSCI China Environment Index finds support from accumulated volume at $19.16 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 $0.153 between high and low, or 0.789%. For the last week the ETF has had daily average volatility of 0.81%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KGRN) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect KraneShares MSCI China Environment Index ETF to open at $19.51, and during the day (based on 14 day Average True Range), to move between $19.10 and $19.84, which gives a possible trading interval of +/-$0.374 (+/-1.92%) up or down from last closing price. If KraneShares MSCI China Environment Index ETF takes out the full calculated possible swing range there will be an estimated 3.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.16 (1.59%) than the resistance at $20.05 (2.98%), 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 MSCI China Environment Index ETF ETF A Buy?
The KraneShares MSCI China Environment Index ETF holds several negative signals and despite the positive trend, we believe KraneShares MSCI China Environment Index will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.
Current score: -1.096 Sell Candidate Unchanged
Predicted Opening Price for KraneShares MSCI China Environment Index ETF of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $19.51 ( 0.229%) | $19.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KGRN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.67 | 1.02 % | |
| R2 | 19.61 | 0.716 % | ||
| R1 | 19.57 | 0.530 % | ||
| Current price: | 19.47 | |||
| Support | S1 | 19.46 | -0.0726 % | |
| S2 | 19.42 | -0.259 % | ||
| S3 | 19.36 | -0.560 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.00 | 12.99 % | |
| R2 | 20.24 | 3.95 % | ||
| R1 | 20.05 | 2.98 % | ||
| Current price | 19.47 | |||
| Support | S1 | 19.16 | -1.59% | |
| S2 | 18.55 | -4.73% | ||
| S3 | 18.23 | -6.37% |
KGRN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.171 | 0.795% |
| 2 | Dec 27, 2022 | Dec 28, 2022 | Dec 30, 2022 | $0.436 | 1.60% |
| 3 | Dec 28, 2021 | Dec 29, 2021 | Dec 31, 2021 | $0.189 | 0.406% |
| 4 | Dec 28, 2020 | Dec 29, 2020 | Dec 31, 2020 | $0.0030 | 0.0068% |
| 5 | Dec 26, 2019 | Dec 27, 2019 | Dec 31, 2019 | $1.09 | 5.87% |
FAQ
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