Hong Kong Ferry (Holdings) Co Ltd Stock Forecast
Hong Kong Ferry (Holdings) Co Ltd stock price ended at HK$4.50 on Wednesday, after losing 0.222%.
(Updated on Mar 27, 2024)
The Hong Kong Ferry (Holdings) Co Ltd stock price fell by -0.222% on the last day (Wednesday, 27th Mar 2024) from HK$4.51 to HK$4.50. During the last trading day the stock fluctuated 0.444% from a day low at HK$4.50 to a day high of HK$4.52. The price has fallen in 6 of the last 10 days and is down by -3.02% for this period. Volume has increased on the last day by 23 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 27 thousand shares were bought and sold for approximately HK$121.50 thousand.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at HK$4.46 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Hong Kong Ferry (Holdings) Co Ltd stock with a 90% probability to be traded between HK$4.47 and HK$4.72 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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0050.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 0.446%. 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 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$4.56 and HK$4.56. 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). Hong Kong Ferry (Holdings) Co Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Hong Kong Ferry (Holdings) Co Ltd stock
Hong Kong Ferry (Holdings) Co Ltd finds support from accumulated volume at HK$4.48 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$0.0200 between high and low, or 0.444%. For the last week the stock has had daily average volatility of 1.42%.
Our recommended stop-loss: HK$4.28 (-4.98%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (0050.HK) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Hong Kong Ferry (Holdings) Company Limited to open at HK$4.51, and during the day (based on 14 day Average True Range), to move between HK$4.45 and HK$4.55, which gives a possible trading interval of +/-HK$0.0480 (+/-1.07%) 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 2.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at HK$4.52 (0.44%) than the support at HK$4.48 (0.44%), 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 Hong Kong Ferry (Holdings) Company Limited stock A Buy?
Hong Kong Ferry (Holdings) Co Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.375 Hold/Accumulate Unchanged
Predicted Opening Price for Hong Kong Ferry (Holdings) Company Limited of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
HK$4.51 ( 0.148%) | HK$4.50 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 4.53 | 0.593 % | |
R2 | 4.52 | 0.423 % | ||
R1 | 4.51 | 0.318 % | ||
Current price: | 4.50 | |||
Support | S1 | 4.50 | -0.0216 % | |
S2 | 4.49 | -0.127 % | ||
S3 | 4.49 | -0.296 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.57 | 1.56 % | |
R2 | 4.56 | 1.33 % | ||
R1 | 4.52 | 0.444 % | ||
Current price | 4.50 | |||
Support | S1 | 4.48 | -0.444% | |
S2 | 4.46 | -0.89% | ||
S3 | 4.45 | -1.11% |
0050 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 04, 2024 | Jun 04, 2024 | Jun 24, 2024 | HK$0.150 | 3.32% |
2 | Jun 05, 2023 | Jun 05, 2023 | Jun 05, 2023 | HK$1.00 | 16.75% |
3 | Sep 15, 2022 | Sep 15, 2022 | Sep 15, 2022 | HK$0.100 | 1.47% |
4 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | HK$0.150 | 2.14% |
5 | Sep 14, 2021 | Sep 14, 2021 | Sep 14, 2021 | HK$0.100 | 1.76% |
FAQ
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