HUAFA/Shs A Vtg 1.00 Stock Forecast

HUAFA/Shs A Vtg 1.00 stock price ended at ¥12.03 on Tuesday, after losing 3.14%.
(Updated on Apr 30, 2024)

000020.SZ Signals & Forecast

There are mixed signals in the stock today. The HUAFA/Shs A Vtg 1.00 stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ¥13.64. On a fall, the stock will find some support from the short-term average at ¥11.82. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 9.17%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for HUAFA/Shs A Vtg 1.00 stock

HUAFA/Shs A Vtg 1.00 finds support from accumulated volume at ¥11.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.650 between high and low, or 5.41%. For the last week, the stock has had daily average volatility of 4.07%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (000020.SZ) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect HUAFA/Shs A Vtg 1.00 to open at ¥12.23, and during the day (based on 14 day Average True Range), to move between ¥10.82 and ¥13.24, which gives a possible trading interval of +/-¥1.21 (+/-10.04%) up or down from last closing price. If HUAFA/Shs A Vtg 1.00 takes out the full calculated possible swing range there will be an estimated 20.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥11.91 (1.00%) than the resistance at ¥13.00 (8.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is HUAFA/Shs A Vtg 1.00 stock A Buy?

HUAFA/Shs A Vtg 1.00 holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.098 Sell Candidate Unchanged

Predicted Opening Price for HUAFA/Shs A Vtg 1.00 of Monday, May 6, 2024

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