Huasi Holding Co Ltd Stock Forecast
Volatile ride for Huasi Holding Co Ltd stock price on Tuesday moving between ¥3.59 and ¥3.97
(Updated on Apr 30, 2024)
The Huasi Holding Co Ltd stock price gained 1.28% on the last trading day (Tuesday, 30th Apr 2024), rising from ¥3.90 to ¥3.95. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 10.58% from a day low at ¥3.59 to a day high of ¥3.97. The price has risen in 7 of the last 10 days and is up by 25% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 12 million shares were bought and sold for approximately ¥48.25 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 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 9.35% during the next 3 months and, with a 90% probability hold a price between ¥3.45 and ¥4.83 at the end of this 3-month period.
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002494.SZ Signals & Forecast
The Huasi Holding Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ¥3.59 and ¥3.84. A breakdown below any of these levels will issue sell signals. 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. 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 Tuesday, April 02, 2024, and so far it has fallen -8.14%. 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).
Support, Risk & Stop-loss for Huasi Holding Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ¥3.61 and ¥3.51. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Huasi Holding Co Ltd finds support just below today's level at ¥3.61. If this is broken, then the next support from accumulated volume will be at ¥3.51 and ¥3.06.
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 ¥0.380 between high and low, or 10.58%. For the last week, the stock has had daily average volatility of 10.72%.
Since the Huasi Holding Co Ltd has been rising for 6 days in a row, the risk over the next couple of days has increased.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (002494.SZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Huasi Holding Co Ltd to open at ¥3.84, and during the day (based on 14 day Average True Range), to move between ¥3.58 and ¥4.32, which gives a possible trading interval of +/-¥0.367 (+/-9.29%) up or down from last closing price. If Huasi Holding Co Ltd takes out the full calculated possible swing range there will be an estimated 18.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ¥3.97 (0.51%) than the support at ¥3.61 (8.61%), 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 Huasi Holding Co Ltd stock A Buy?
The Huasi Holding Co Ltd stock holds several negative signals and despite the positive trend, we believe Huasi Holding Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.543 Sell Candidate Unchanged
Predicted Opening Price for Huasi Holding Co Ltd of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ¥3.84 ( 2.87%) | ¥3.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 002494.SZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.22 | 6.75 % | |
| R2 | 4.07 | 3.08 % | ||
| R1 | 3.98 | 0.81 % | ||
| Current price: | 3.95 | |||
| Support | S1 | 3.69 | -6.54 % | |
| S2 | 3.60 | -8.81 % | ||
| S3 | 3.46 | -12.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.12 | 4.30 % | |
| R2 | 4.07 | 3.04 % | ||
| R1 | 3.97 | 0.506 % | ||
| Current price | 3.95 | |||
| Support | S1 | 3.61 | -8.61% | |
| S2 | 3.51 | -11.14% | ||
| S3 | 3.06 | -22.53% |
002494 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2019 | May 14, 2019 | May 14, 2019 | ¥0.0102 | 0.183% |
| 2 | Jun 20, 2017 | Jun 20, 2017 | Jun 20, 2017 | ¥0.0100 | 0.0603% |
| 3 | Mar 30, 2016 | Mar 30, 2016 | Mar 30, 2016 | ¥0.0250 | 0.145% |
| 4 | May 22, 2014 | May 22, 2014 | May 22, 2014 | ¥0.0500 | 0.84% |
| 5 | Apr 09, 2013 | Apr 09, 2013 | Apr 09, 2013 | ¥0.0769 | 1.61% |
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