KraneShares MSCI One Belt One Road Index ETF Forecast
Red day on Wednesday for KraneShares MSCI One Belt One Road Index ETF after losing 0.232%
(Updated on May 08, 2024)
The KraneShares MSCI One Belt One Road Index ETF price fell by -0.232% on the last day (Wednesday, 8th May 2024) from $21.52 to $21.47. During the last trading day the ETF fluctuated 0% from a day low at $21.47 to a day high of $21.47. The price has fallen in 5 of the last 10 days but is still up by 1.61% over the past 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 -100 shares and in total, 100 shares were bought and sold for approximately $2.15 thousand.
The ETF lies in the middle of a narrow and weak 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 6.16% during the next 3 months and, with a 90% probability hold a price between $22.46 and $22.95 at the end of this 3-month period.
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OBOR Signals & Forecast
The KraneShares MSCI One Belt One Road Index 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 $21.42 and $21.19. A breakdown below any of these levels will issue sell signals. 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 Monday, May 06, 2024, and so far it has fallen -0.510%. 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 MSCI One Belt One Road Index ETF
KraneShares MSCI One Belt One Road Index finds support from accumulated volume at $20.90 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 0.369%
Our recommended stop-loss: $20.61 (-4.02%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (OBOR) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect KraneShares MSCI One Belt One Road Index ETF to open at $21.47, and during the day (based on 14 day Average True Range), to move between $21.36 and $21.58, which gives a possible trading interval of +/-$0.107 (+/-0.50%) up or down from last closing price. If KraneShares MSCI One Belt One Road Index ETF takes out the full calculated possible swing range there will be an estimated 1.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.50 (0.14%) than the support at $20.90 (2.64%), 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 One Belt One Road Index 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 KraneShares MSCI One Belt One Road Index ETF to perform well in the short-term.
Current score: 2.499 Buy Candidate Unchanged
Predicted Opening Price for KraneShares MSCI One Belt One Road Index ETF of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $21.47 ( 0%) | $21.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OBOR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.47 | . | |
| R2 | 21.47 | . | ||
| R1 | 21.47 | . | ||
| Current price: | 21.47 | |||
| Support | S1 | 21.47 | . | |
| S2 | 21.47 | . | ||
| S3 | 21.47 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.58 | 0.512 % | |
| R2 | 21.52 | 0.254 % | ||
| R1 | 21.50 | 0.140 % | ||
| Current price | 21.47 | |||
| Support | S1 | 20.90 | -2.64% | |
| S2 | 20.90 | -2.65% | ||
| S3 | 20.63 | -3.91% |
OBOR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 18, 2023 | Dec 18, 2023 | Dec 18, 2023 | $0.688 | 3.49% |
| 2 | Dec 27, 2022 | Dec 28, 2022 | Dec 30, 2022 | $1.08 | 4.75% |
| 3 | Dec 28, 2021 | Dec 29, 2021 | Dec 31, 2021 | $0.99 | 3.26% |
| 4 | Dec 28, 2020 | Dec 29, 2020 | Dec 31, 2020 | $0.549 | 2.04% |
| 5 | Dec 26, 2019 | Dec 27, 2019 | Dec 31, 2019 | $1.05 | 4.33% |
FAQ
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