Hysan Development Company Limited Stock Forecast
Hysan Development Company Limited stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on May 16, 2024)
The Hysan Development Company Limited stock price gained 1.27% on the last trading day (Thursday, 16th May 2024), rising from HK$12.64 to HK$12.80. During the last trading day the stock fluctuated 3.70% from a day low at HK$12.42 to a day high of HK$12.88. The price has risen in 6 of the last 10 days and is up by 4.58% over the past 2 weeks. Volume fell on the last day by -286 thousand shares and in total, 2 million shares were bought and sold for approximately HK$27.22 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$12.80 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.45% during the next 3 months and, with a 90% probability hold a price between HK$10.20 and HK$11.85 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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0014.HK Signals & Forecast
Mostly positive signals in the chart today. The Hysan Development Company Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$12.38 and HK$12.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 12.48%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Hysan Development Company Limited stock
Hysan Development Company Limited finds support from accumulated volume at HK$12.78 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.460 between high and low, or 3.70%. For the last week, the stock has had daily average volatility of 3.57%.
Our recommended stop-loss: HK$12.14 (-5.12%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (0014.HK) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Hysan Development Company Limited to open at HK$12.70, and during the day (based on 14 day Average True Range), to move between HK$12.44 and HK$13.16, which gives a possible trading interval of +/-HK$0.359 (+/-2.80%) up or down from last closing price. If Hysan Development Company Limited takes out the full calculated possible swing range there will be an estimated 5.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$12.82 (0.16%) than the support at HK$12.78 (0.16%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Hysan Development Company Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 2.538 Buy Candidate Upgraded
Predicted Opening Price for Hysan Development Company Limited of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| HK$12.70 ( 0.781%) | HK$12.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0014.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.16 | 2.81 % | |
| R2 | 12.98 | 1.44 % | ||
| R1 | 12.88 | 0.592 % | ||
| Current price: | 12.80 | |||
| Support | S1 | 12.52 | -2.15 % | |
| S2 | 12.42 | -3.00 % | ||
| S3 | 12.24 | -4.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.96 | 1.25 % | |
| R2 | 12.86 | 0.469 % | ||
| R1 | 12.82 | 0.156 % | ||
| Current price | 12.80 | |||
| Support | S1 | 12.78 | -0.156% | |
| S2 | 12.64 | -1.25% | ||
| S3 | 11.72 | -8.44% |
0014 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 06, 2024 | Mar 06, 2024 | Mar 06, 2024 | HK$0 | 0% |
| 2 | Mar 02, 2023 | Mar 02, 2023 | Mar 02, 2023 | HK$1.17 | 5.09% |
| 3 | Sep 02, 2022 | Sep 02, 2022 | Sep 02, 2022 | HK$0.270 | 1.22% |
| 4 | Mar 09, 2022 | Mar 09, 2022 | Mar 09, 2022 | HK$1.17 | 5.48% |
| 5 | Aug 24, 2021 | Aug 24, 2021 | Aug 24, 2021 | HK$0.270 | 0.96% |
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