HL Corp. (Shenzhen) Stock Forecast
Weaker technical forecast for HL Corp. (Shenzhen) as stock downgraded to Sell Candidate.
(Updated on May 08, 2024)
The HL Corp. (Shenzhen) stock price fell by -2.40% on the last day (Wednesday, 8th May 2024) from ¥5.01 to ¥4.89. During the last trading day the stock fluctuated 5.23% from a day low at ¥4.78 to a day high of ¥5.03. The price has risen in 6 of the last 10 days and is up by 12.41% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 4 million shares were bought and sold for approximately ¥18.98 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 9.96% during the next 3 months and, with a 90% probability hold a price between ¥4.44 and ¥6.02 at the end of this 3-month period.
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002105.SZ Signals & Forecast
The HL Corp. (Shenzhen) 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 ¥4.76 and ¥4.75. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -6.14%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for HL Corp. (Shenzhen) stock
HL Corp. (Shenzhen) finds support from accumulated volume at ¥4.83 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 ¥0.250 between high and low, or 5.23%. For the last week, the stock has had daily average volatility of 5.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002105.SZ) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect HL Corp. (Shenzhen) to open at ¥4.90, and during the day (based on 14 day Average True Range), to move between ¥4.58 and ¥5.20, which gives a possible trading interval of +/-¥0.308 (+/-6.31%) up or down from last closing price. If HL Corp. (Shenzhen) takes out the full calculated possible swing range there will be an estimated 12.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ¥4.83 (1.23%) than the resistance at ¥4.95 (1.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HL Corp. (Shenzhen) stock A Buy?
HL Corp. (Shenzhen) 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.016 Sell Candidate Downgraded
Predicted Opening Price for HL Corp. (Shenzhen) of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| ¥4.90 ( 0.204%) | ¥4.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002105.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.15 | 5.32 % | |
| R2 | 5.05 | 3.36 % | ||
| R1 | 5.00 | 2.16 % | ||
| Current price: | 4.89 | |||
| Support | S1 | 4.80 | -1.75 % | |
| S2 | 4.75 | -2.96 % | ||
| S3 | 4.65 | -4.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.21 | 6.54 % | |
| R2 | 5.01 | 2.45 % | ||
| R1 | 4.95 | 1.23 % | ||
| Current price | 4.89 | |||
| Support | S1 | 4.83 | -1.23% | |
| S2 | 4.71 | -3.68% | ||
| S3 | 4.56 | -6.75% |
002105 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2023 | May 23, 2023 | May 23, 2023 | ¥0.100 | 1.68% |
| 2 | Jun 17, 2022 | Jun 17, 2022 | Jun 17, 2022 | ¥0.250 | 3.18% |
| 3 | Jul 09, 2021 | Jul 09, 2021 | Jul 09, 2021 | ¥0.200 | 2.53% |
| 4 | Jun 16, 2020 | Jun 16, 2020 | Jun 16, 2020 | ¥0.100 | 1.99% |
| 5 | Jun 12, 2018 | Jun 12, 2018 | Jun 12, 2018 | ¥0.0600 | 1.18% |
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