H&R Century Union Corp Stock Forecast

Big movements in H&R Century Union Corp stock price on Tuesday moving 12.32% between high and low
(Updated on Apr 30, 2024)

000892.SZ Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 20.00%. 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). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The H&R Century Union Corp 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 ¥3.07. On a fall, the stock will find some support from the short-term average at ¥2.80. 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.

Support, Risk & Stop-loss for H&R Century Union Corp stock

H&R Century Union Corp finds support from accumulated volume at ¥2.95 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 ¥0.340 between high and low, or 12.32%. For the last week, the stock has had daily average volatility of 6.76%.

Since the H&R Century Union Corp has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: ¥2.88 (-4.00%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (000892.SZ) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect H&R Century Union Corp to open at ¥2.95, and during the day (based on 14 day Average True Range), to move between ¥2.76 and ¥3.24, which gives a possible trading interval of +/-¥0.241 (+/-8.04%) up or down from last closing price. If H&R Century Union Corp takes out the full calculated possible swing range there will be an estimated 16.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥2.95 (1.67%) than the resistance at ¥3.08 (2.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is H&R Century Union Corp stock 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 H&R Century Union Corp stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.650 Buy Candidate Upgraded

Predicted Opening Price for H&R Century Union Corp of Monday, May 6, 2024

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