Hang Lung Group Limited Stock Forecast
Hang Lung Group Limited stock price ended at HK$8.49 on Tuesday, after losing 0.118%.
(Updated on Jul 02, 2024)
The Hang Lung Group Limited stock price fell by -0.118% on the last day (Tuesday, 2nd Jul 2024) from HK$8.50 to HK$8.49. During the last trading day the stock fluctuated 0.94% from a day low at HK$8.47 to a day high of HK$8.55. The price has fallen in 6 of the last 10 days and is down by -2.3% for this period. Volume has increased on the last day by 773 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately HK$20.97 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$8.46 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.59% during the next 3 months and, with a 90% probability hold a price between HK$7.99 and HK$8.69 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0010.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.118%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hang Lung Group Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$8.57 and HK$8.82. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Hang Lung Group Limited stock
Hang Lung Group Limited finds support from accumulated volume at HK$8.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$0.0800 between high and low, or 0.94%. For the last week the stock has had daily average volatility of 1.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0010.HK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Hang Lung Group Limited to open at HK$8.50, and during the day (based on 14 day Average True Range), to move between HK$8.34 and HK$8.64, which gives a possible trading interval of +/-HK$0.146 (+/-1.72%) up or down from last closing price. If Hang Lung Group Limited takes out the full calculated possible swing range there will be an estimated 3.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$8.48 (0.12%) than the resistance at HK$8.85 (4.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hang Lung Group Limited stock A Buy?
Hang Lung Group Limited holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.130 Sell Candidate Unchanged
Predicted Opening Price for Hang Lung Group Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| HK$8.50 ( 0.157%) | HK$8.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0010.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.58 | 1.10% |
| R2 | 8.55 | 0.739% |
| R1 | 8.53 | 0.517% |
| Price | 8.49 | |
| S1 | 8.47 | -0.203% |
| S2 | 8.45 | -0.425% |
| S3 | 8.42 | -0.785% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.14 | 7.66% |
| R2 | 9.06 | 6.71% |
| R1 | 8.85 | 4.24% |
| Price | 8.49 | |
| S1 | 8.48 | -0.118% |
| S2 | 0 | - |
| S3 | 0 | - |
0010 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | Jun 14, 2024 | HK$0.650 | 7.50% |
| 2 | Sep 12, 2023 | Sep 12, 2023 | Sep 29, 2023 | HK$0.210 | 1.90% |
| 3 | May 03, 2023 | May 03, 2023 | May 03, 2023 | HK$0.650 | 4.98% |
| 4 | Sep 09, 2022 | Sep 09, 2022 | Sep 09, 2022 | HK$0.210 | 1.57% |
| 5 | Apr 29, 2022 | Apr 29, 2022 | Apr 29, 2022 | HK$0.650 | 4.22% |
FAQ
Click here for our free guide on how to buy Hang Lung Group Limited Stock.
