KraneShares MSCI All China Health Care ETF Forecast

Red day on Wednesday for KraneShares MSCI All China Health Care ETF after losing 1.18%
(Updated on May 08, 2024)

KURE Signals & Forecast

The KraneShares MSCI All China Health Care 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 $15.06. On a fall, the ETF will find some support from the long-term average at approximately $14.52. 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 Thursday, May 02, 2024, and so far it has fallen -1.76%. 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.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Tuesday, March 12, 2024 and based on theory for this formation the price should fall by -1.62% to $14.80 within 6 trading days since signal was issued (Thursday, May 09, 2024).

Support, Risk & Stop-loss for KraneShares MSCI All China Health Care ETF

KraneShares MSCI All China Health Care finds support from accumulated volume at $14.52 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, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.0300 between high and low, or 0.199%. For the last week the ETF has had daily average volatility of 1.08%.

Our recommended stop-loss: $14.43 (-4.08%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (KURE) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect KraneShares MSCI All China Health Care Index ETF to open at $15.05, and during the day (based on 14 day Average True Range), to move between $14.83 and $15.25, which gives a possible trading interval of +/-$0.208 (+/-1.39%) up or down from last closing price. If KraneShares MSCI All China Health Care Index ETF takes out the full calculated possible swing range there will be an estimated 2.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $15.17 (0.86%) than the support at $14.52 (3.46%), 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 KraneShares MSCI All China Health Care Index ETF ETF A Buy?

KraneShares MSCI All China Health Care 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: -0.126 Hold/Accumulate Unchanged

Predicted Opening Price for KraneShares MSCI All China Health Care Index ETF of Thursday, May 9, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.