KFA Global Carbon ETF Forecast
Green day on Thursday for KFA Global Carbon ETF after gaining 1.75%
(Updated on May 09, 2024)
The KFA Global Carbon ETF price gained 1.75% on the last trading day (Thursday, 9th May 2024), rising from $33.74 to $34.33. During the last trading day the ETF fluctuated 1.07% from a day low at $34.00 to a day high of $34.36. The price has been going up and down for this period, and there has been a 5.86% gain 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, 93 thousand more shares were traded than the day before. In total, 123 thousand shares were bought and sold for approximately $4.24 million.
The ETF lies in the upper part of a wide and strong 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 $35.00 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 15.84% during the next 3 months and, with a 90% probability hold a price between $36.53 and $40.55 at the end of this 3-month period.
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KRBN Signals & Forecast
The KFA Global Carbon 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 $33.66 and $31.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 8.36%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for KFA Global Carbon ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $29.52 and $28.93. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, KFA Global Carbon finds support just below today's level at $29.52. If this is broken, then the next support from accumulated volume will be at $28.93 and $28.76.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.365 (1.07%) between high and low. For the last week, the ETF has had daily average volatility of 1.24%.
Our recommended stop-loss: $33.06 (-3.70%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (KRBN) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect KFA Global Carbon ETF to open at $34.23, and during the day (based on 14 day Average True Range), to move between $33.58 and $35.08, which gives a possible trading interval of +/-$0.749 (+/-2.18%) up or down from last closing price. If KFA Global Carbon ETF takes out the full calculated possible swing range there will be an estimated 4.36% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $29.52, some $4.81 (14.01%) from the current price of $34.33, our system finds the risk reward attractive.
Is KFA Global Carbon 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 KFA Global Carbon ETF to perform well in the short-term.
Current score: 4.834 Buy Candidate Unchanged
Predicted Opening Price for KFA Global Carbon ETF of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $34.23 ( 0.287%) | $34.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KRBN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.60 | 0.776 % | |
| R2 | 34.46 | 0.370 % | ||
| R1 | 34.37 | 0.120 % | ||
| Current price: | 34.33 | |||
| Support | S1 | 34.09 | -0.693 % | |
| S2 | 34.01 | -0.94 % | ||
| S3 | 33.87 | -1.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 34.33 | |||
| Support | S1 | 29.52 | -14.01% | |
| S2 | 28.93 | -15.73% | ||
| S3 | 28.76 | -16.22% |
KRBN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $1.13 | 3.39% |
| 2 | Jun 27, 2023 | Jun 28, 2023 | Jun 30, 2023 | $1.64 | 4.33% |
| 3 | Dec 27, 2022 | Dec 28, 2022 | Dec 30, 2022 | $8.36 | 22.91% |
| 4 | Dec 28, 2021 | Dec 29, 2021 | Dec 31, 2021 | $0.248 | 0.487% |
FAQ
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