Kraneshares Csi China Internet Ucits Etf ETF Forecast

Kraneshares Csi China Internet Ucits Etf ETF upgraded to Hold/Accumulate.
(Updated on Jun 27, 2024)

KWBP.L Signals & Forecast

There are mixed signals in the ETF today. The Kraneshares Csi China Internet Ucits Etf 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 £12.03 and £12.54. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Buy

Special Signal Notification

Double Bottom Formation

Support, Risk & Stop-loss for Kraneshares Csi China Internet Ucits Etf ETF

Kraneshares Csi China Internet Ucits Etf finds support from accumulated volume at £11.34 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 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.90%

Our recommended stop-loss: £11.11 (-6.16%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)

Trading Expectations (KWBP.L) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Kraneshares Csi China Internet Ucits Etf to open at £11.84, and during the day (based on 14 day Average True Range), to move between £11.59 and £12.08, which gives a possible trading interval of +/-£0.249 (+/-2.10%) up or down from last closing price. If Kraneshares Csi China Internet Ucits Etf takes out the full calculated possible swing range there will be an estimated 4.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £11.98 (1.22%) than the support at £11.34 (4.19%), 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 Csi China Internet Ucits Etf ETF A Buy?

Kraneshares Csi China Internet Ucits Etf 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. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

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 Csi China Internet Ucits Etf of Friday, June 28, 2024

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