Kraneshares Electrification Metals ETF Forecast
Kraneshares Electrification Metals ETF price ended at $13.72 on Tuesday, after losing 0.580%.
(Updated on Jun 18, 2024)
The Kraneshares Electrification Metals ETF price fell by -0.580% on the last day (Tuesday, 18th Jun 2024) from $13.80 to $13.72. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 0.96% from a day low at $13.59 to a day high of $13.72. The price has fallen in 8 of the last 10 days and is down by -7.67% 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 -585 shares and in total, 1 thousand shares were bought and sold for approximately $16.45 thousand.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -10.92% during the next 3 months and, with a 90% probability hold a price between $11.75 and $12.34 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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KMET Signals & Forecast
There are few to no technical positive signals at the moment. The Kraneshares Electrification Metals 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 $13.88 and $14.41. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -10.50%. 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 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 Electrification Metals ETF
There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.
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 $0.130 between high and low, or 0.96%. For the last week the ETF has had daily average volatility of 0.98%
Our recommended stop-loss: $12.97 (-5.44%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (KMET) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Kraneshares Electrification Metals Strategy Etf to open at $13.68, and during the day (based on 14 day Average True Range), to move between $13.52 and $13.92, which gives a possible trading interval of +/-$0.203 (+/-1.48%) up or down from last closing price. If Kraneshares Electrification Metals Strategy Etf takes out the full calculated possible swing range there will be an estimated 2.95% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $13.82, some $0.0950 (0.69%) from the current price of $13.72, our system finds the risk reward not very attractive.
Is Kraneshares Electrification Metals Strategy Etf ETF A Buy?
Kraneshares Electrification Metals holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Kraneshares Electrification Metals Strategy Etf of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $13.68 ( 0.316%) | $13.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KMET
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.81 | 0.632% |
| R2 | 13.76 | 0.270% |
| R1 | 13.73 | 0.0461% |
| Price | 13.72 | |
| S1 | 13.63 | -0.678% |
| S2 | 13.60 | -0.90% |
| S3 | 13.55 | -1.26% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.25 | 11.15% |
| R2 | 14.02 | 2.19% |
| R1 | 13.82 | 0.692% |
| Price | 13.72 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
KMET Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2023 | Dec 18, 2023 | Dec 20, 2023 | $7.48 | 56.81% |
| 2 | Dec 27, 2022 | Dec 28, 2022 | Dec 30, 2022 | $0.0279 | 0.101% |
FAQ
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