KFA Global Carbon ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for KFA Global Carbon
(Updated on May 31, 2024)
The KFA Global Carbon ETF price fell by -1.05% on the last day (Friday, 31st May 2024) from $35.21 to $34.84. During the last trading day the ETF fluctuated 1.61% from a day low at $34.75 to a day high of $35.31. The price has been going up and down for this period, and there has been a 2.59% gain for the last 2 weeks. 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 -10 thousand shares and in total, 70 thousand shares were bought and sold for approximately $2.43 million.
The ETF lies in the middle of a strong 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 20.15% during the next 3 months and, with a 90% probability hold a price between $40.21 and $43.35 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.
KRBN Signals & Forecast
The KFA Global Carbon ETF holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $35.33. On a fall, the ETF will find some support from the long-term average at approximately $33.60. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -2.38%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for KFA Global Carbon ETF
KFA Global Carbon finds support from accumulated volume at $33.96 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 $0.560 between high and low, or 1.61%. For the last week, the ETF has had daily average volatility of 1.30%.
Our recommended stop-loss: $33.19 (-4.74%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 41 days ago.)
Trading Expectations (KRBN) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect KFA Global Carbon ETF to open at $34.97, and during the day (based on 14 day Average True Range), to move between $34.18 and $35.50, which gives a possible trading interval of +/-$0.661 (+/-1.90%) 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 3.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $34.93 (0.26%) than the support at $33.96 (2.53%), 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 KFA Global Carbon ETF ETF A Buy?
KFA Global Carbon holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.143 Hold/Accumulate Unchanged
Predicted Opening Price for KFA Global Carbon ETF of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $34.97 ( 0.364%) | $34.84 |
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 | 35.53 | 1.97 % | |
| R2 | 35.31 | 1.36 % | ||
| R1 | 35.18 | 0.98 % | ||
| Current price: | 34.84 | |||
| Support | S1 | 34.75 | -0.250 % | |
| S2 | 34.62 | -0.630 % | ||
| S3 | 34.41 | -1.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.54 | 2.01 % | |
| R2 | 35.35 | 1.46 % | ||
| R1 | 34.93 | 0.258 % | ||
| Current price | 34.84 | |||
| Support | S1 | 33.96 | -2.53% | |
| S2 | 32.50 | -6.72% | ||
| S3 | 29.52 | -15.27% |
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
Click here for our free guide on how to buy KFA Global Carbon ETF ETF.
