Far East Consortium International Ltd Stock Forecast
Red day on Tuesday for Far East Consortium International Ltd
(Updated on May 07, 2024)
No changes to the price of Far East Consortium International Ltd stock on the last trading day (Tuesday, 7th May 2024). During the last trading day the stock fluctuated 1.94% from a day low at HK$1.03 to a day high of HK$1.05. The price has fallen in 4 of the last 10 days but is still up by 3% over the past 2 weeks.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -18.39% during the next 3 months and, with a 90% probability hold a price between HK$0.752 and HK$0.87 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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0035.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.10%. 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 gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Far East Consortium International Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$1.04 and HK$1.03. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Far East Consortium International Ltd stock
Far East Consortium International Ltd finds support from accumulated volume at HK$1.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.0200 (1.94%) between high and low. For the last week, the stock has had daily average volatility of 2.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0035.HK) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Far East Consortium International Limited to open at HK$1.04, and during the day (based on 14 day Average True Range), to move between HK$1.00 and HK$1.06, which gives a possible trading interval of +/-HK$0.0308 (+/-2.99%) up or down from last closing price. If Far East Consortium International Limited takes out the full calculated possible swing range there will be an estimated 5.98% 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$1.02 (0.97%) than the resistance at HK$1.13 (9.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Far East Consortium International Limited stock A Buy?
Far East Consortium International Ltd 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.
Current score: -2.411 Sell Candidate Unchanged
Predicted Opening Price for Far East Consortium International Limited of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| HK$1.04 ( 0.647%) | HK$1.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0035.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.06 | 2.59 % | |
| R2 | 1.05 | 1.85 % | ||
| R1 | 1.04 | 1.39 % | ||
| Current price: | 1.03 | |||
| Support | S1 | 1.03 | -0.0945 % | |
| S2 | 1.02 | -0.553 % | ||
| S3 | 1.02 | -1.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.23 | 19.42 % | |
| R2 | 1.14 | 10.68 % | ||
| R1 | 1.13 | 9.71 % | ||
| Current price | 1.03 | |||
| Support | S1 | 1.02 | -0.97% | |
| S2 | 1.01 | -1.94% | ||
| S3 | 1.00 | -2.91% |
0035 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | HK$0 | 0% |
| 2 | Dec 28, 2022 | Dec 28, 2022 | Dec 28, 2022 | HK$0.0400 | 2.13% |
| 3 | Sep 05, 2022 | Sep 05, 2022 | Sep 05, 2022 | HK$0.160 | 7.34% |
| 4 | Dec 29, 2021 | Dec 29, 2021 | Dec 29, 2021 | HK$0.0364 | 1.46% |
| 5 | Aug 27, 2021 | Aug 27, 2021 | Aug 27, 2021 | HK$0.136 | 5.45% |
FAQ
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