Huasu Holdings Co Ltd Stock Forecast
Huasu Holdings Co Ltd stock price ended at ¥3.19 on Tuesday, after gaining 2.57%.
(Updated on Apr 30, 2024)
The Huasu Holdings Co Ltd stock price gained 2.57% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥3.11 to ¥3.19. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 7.97% from a day low at ¥3.01 to a day high of ¥3.25. The price has risen in 7 of the last 10 days and is up by 16.42% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 million more shares were traded than the day before. In total, 13 million shares were bought and sold for approximately ¥39.97 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.77% during the next 3 months and, with a 90% probability hold a price between ¥2.84 and ¥4.01 at the end of this 3-month period.
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000509.SZ Signals & Forecast
There are mixed signals in the stock today. The Huasu Holdings Co Ltd 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 ¥3.21. On a fall, the stock will find some support from the short-term average at ¥3.02. 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. A sell signal was issued from a pivot top point on Thursday, March 14, 2024, and so far it has fallen -9.63%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Huasu Holdings Co Ltd stock
Huasu Holdings Co Ltd finds support from accumulated volume at ¥3.14 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 ¥0.240 between high and low, or 7.97%. For the last week, the stock has had daily average volatility of 4.99%.
Our recommended stop-loss: ¥3.00 (-6.06%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (000509.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Huasu Holdings Co Ltd to open at ¥3.15, and during the day (based on 14 day Average True Range), to move between ¥2.99 and ¥3.39, which gives a possible trading interval of +/-¥0.199 (+/-6.22%) up or down from last closing price. If Huasu Holdings Co Ltd takes out the full calculated possible swing range there will be an estimated 12.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥3.14 (1.57%) than the resistance at ¥3.24 (1.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Huasu Holdings Co Ltd stock A Buy?
Huasu Holdings Co Ltd 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: 0.332 Hold/Accumulate Unchanged
Predicted Opening Price for Huasu Holdings Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥3.15 ( 1.25%) | ¥3.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 000509.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.39 | 6.27 % | |
| R2 | 3.30 | 3.40 % | ||
| R1 | 3.24 | 1.62 % | ||
| Current price: | 3.19 | |||
| Support | S1 | 3.06 | -4.13 % | |
| S2 | 3.00 | -5.90 % | ||
| S3 | 2.91 | -8.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.53 | 10.66 % | |
| R2 | 3.38 | 5.96 % | ||
| R1 | 3.24 | 1.57 % | ||
| Current price | 3.19 | |||
| Support | S1 | 3.14 | -1.57% | |
| S2 | 3.04 | -4.70% | ||
| S3 | 2.54 | -20.38% |
000509 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2001 | May 16, 2001 | May 16, 2001 | ¥0.0286 | 0.684% |
| 2 | Oct 11, 1995 | Oct 11, 1995 | Oct 11, 1995 | ¥0.0363 | 7.14% |
FAQ
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