Gold Peak Industries (Holdings) Limited Stock Forecast
Green day on Thursday for Gold Peak Industries (Holdings) Limited
(Updated on Apr 18, 2024)
The Gold Peak Industries (Holdings) Limited stock price gained 1.89% on the last trading day (Thursday, 18th Apr 2024), rising from HK$0.530 to HK$0.540. During the last trading day the stock fluctuated 0% from a day low at HK$0.540 to a day high of HK$0.540. The price has been going up and down for this period, and there has been a -3.57% loss for the last 2 weeks. Volume fell on the last day by -31 thousand shares and in total, 10 thousand shares were bought and sold for approximately HK$5.40 thousand. 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 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 -4.22% during the next 3 months and, with a 90% probability hold a price between HK$0.507 and HK$0.551 at the end of this 3-month period.
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0040.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 1.89%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Gold Peak Industries (Holdings) 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$0.547 and HK$0.568. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Gold Peak Industries (Holdings) Limited stock
Gold Peak Industries (Holdings) Limited finds support from accumulated volume at HK$0.530 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0040.HK) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Gold Peak Industries (Holdings) Limited to open at HK$0.540, and during the day (based on 14 day Average True Range), to move between HK$0.528 and HK$0.552, which gives a possible trading interval of +/-HK$0.0123 (+/-2.27%) up or down from last closing price. If Gold Peak Industries (Holdings) Limited takes out the full calculated possible swing range there will be an estimated 4.54% 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$0.530 (1.85%) than the resistance at HK$0.560 (3.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gold Peak Industries (Holdings) Limited stock A Buy?
Gold Peak Industries (Holdings) 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: -1.345 Sell Candidate Unchanged
Predicted Opening Price for Gold Peak Industries (Holdings) Limited of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| HK$0.540 ( 0%) | HK$0.540 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0040.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.540 | . | |
| R2 | 0.540 | . | ||
| R1 | 0.540 | . | ||
| Current price: | 0.540 | |||
| Support | S1 | 0.540 | . | |
| S2 | 0.540 | . | ||
| S3 | 0.540 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.580 | 7.41 % | |
| R2 | 0.570 | 5.56 % | ||
| R1 | 0.560 | 3.70 % | ||
| Current price | 0.540 | |||
| Support | S1 | 0.530 | -1.85% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
0040 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 16, 2019 | Dec 16, 2019 | Dec 16, 2019 | HK$0.0199 | 2.40% |
| 2 | Sep 13, 2019 | Sep 13, 2019 | Sep 13, 2019 | HK$0.0249 | 3.11% |
| 3 | Dec 14, 2018 | Dec 14, 2018 | Dec 14, 2018 | HK$0.0169 | 2.17% |
| 4 | Sep 13, 2018 | Sep 13, 2018 | Sep 13, 2018 | HK$0.0119 | 1.48% |
| 5 | Dec 15, 2017 | Dec 15, 2017 | Dec 15, 2017 | HK$0.0119 | 1.41% |
FAQ
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