Hong Kong Ferry (Holdings) Co Ltd Stock Forecast
Hong Kong Ferry (Holdings) Co Ltd stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Hong Kong Ferry (Holdings) Co Ltd stock price fell by -1.18% on the last day (Tuesday, 2nd Jul 2024) from HK$4.25 to HK$4.20. During the last trading day the stock fluctuated 1.43% from a day low at HK$4.19 to a day high of HK$4.25. The price has risen in 5 of the last 10 days but is still down by -0.47% for this period. 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 -9 thousand shares and in total, 78 thousand shares were bought and sold for approximately HK$327.60 thousand.
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 -2.75% during the next 3 months and, with a 90% probability hold a price between HK$4.01 and HK$4.33 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0050.HK Signals & Forecast
There are mixed signals in the stock today. The Hong Kong Ferry (Holdings) Co Ltd 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$4.23 and HK$4.34. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Hong Kong Ferry (Holdings) Co Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very 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$0.0600 between high and low, or 1.43%. For the last week the stock has had daily average volatility of 0.712%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0050.HK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Hong Kong Ferry (Holdings) Company Limited to open at HK$4.21, and during the day (based on 14 day Average True Range), to move between HK$4.15 and HK$4.25, which gives a possible trading interval of +/-HK$0.0492 (+/-1.17%) up or down from last closing price. If Hong Kong Ferry (Holdings) Company Limited takes out the full calculated possible swing range there will be an estimated 2.34% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$4.25, some HK$0.0500 (1.19%) from the current price of HK$4.20, our system finds the risk reward not very attractive.
Is Hong Kong Ferry (Holdings) Company Limited stock A Buy?
Hong Kong Ferry (Holdings) Co 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. 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: -1.744 Sell Candidate Downgraded
Predicted Opening Price for Hong Kong Ferry (Holdings) Company Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| HK$4.21 ( 0.317%) | HK$4.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0050.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.27 | 1.75% |
| R2 | 4.25 | 1.20% |
| R1 | 4.24 | 0.86% |
| Price | 4.20 | |
| S1 | 4.19 | -0.228% |
| S2 | 4.18 | -0.565% |
| S3 | 4.15 | -1.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.45 | 5.95% |
| R2 | 4.26 | 1.43% |
| R1 | 4.25 | 1.19% |
| Price | 4.20 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
0050 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2024 | Jun 04, 2024 | Jun 24, 2024 | HK$0.150 | 3.55% |
| 2 | Sep 11, 2023 | Sep 11, 2023 | Sep 28, 2023 | HK$0.100 | 2.13% |
| 3 | Jun 05, 2023 | Jun 05, 2023 | Jun 05, 2023 | HK$1.00 | 16.75% |
| 4 | Sep 15, 2022 | Sep 15, 2022 | Sep 15, 2022 | HK$0.100 | 1.47% |
| 5 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | HK$0.150 | 2.14% |
FAQ
Click here for our free guide on how to buy Hong Kong Ferry (Holdings) Company Limited Stock.
