KLIP KraneShares China InternetAndCovCllStETF Forecast, Technical & Fundamental Analysis

KLIP in downward trend: price expected to drop as it breaks its higher Bollinger Band on December 09, 2024

KLIP broke above its upper Bollinger Band on December 09, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 12 similar instances where the stock broke above the upper band. In of the 12 cases the stock fell afterwards. This puts the odds of success at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where KLIP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 06, 2024. You may want to consider a long position or call options on KLIP as a result. In of 39 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for KLIP just turned positive on November 29, 2024. Looking at past instances where KLIP's MACD turned positive, the stock continued to rise in of 17 cases over the following month. The odds of a continued upward trend are .

KLIP moved above its 50-day moving average on December 06, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for KLIP crossed bullishly above the 50-day moving average on December 11, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 8 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where KLIP advanced for three days, in of 114 cases, the price rose further within the following month. The odds of a continued upward trend are .