Hong Kong Ferry (Holdings) Co Ltd Stock Forecast
Green day on Friday for Hong Kong Ferry (Holdings) Co Ltd stock after gaining 0.236%
(Updated on Apr 26, 2024)
The Hong Kong Ferry (Holdings) Co Ltd stock price gained 0.236% on the last trading day (Friday, 26th Apr 2024), rising from HK$4.24 to HK$4.25. During the last trading day the stock fluctuated 0.94% from a day low at HK$4.25 to a day high of HK$4.29. The price has fallen in 6 of the last 10 days and is down by -2.07% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 203 thousand more shares were traded than the day before. In total, 222 thousand shares were bought and sold for approximately HK$943.50 thousand.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$4.21 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.72% during the next 3 months and, with a 90% probability hold a price between HK$4.01 and HK$4.37 at the end of this 3-month period.
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0050.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.473%. Further rise is indicated until a new top pivot has been found. Hong Kong Ferry (Holdings) Co Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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$4.25 and HK$4.46. 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).
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$4.24 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0400 between high and low, or 0.94%. For the last week, the stock has had daily average volatility of 0.756%.
Our recommended stop-loss: HK$3.98 (-6.34%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (0050.HK) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Hong Kong Ferry (Holdings) Company Limited to open at HK$4.26, and during the day (based on 14 day Average True Range), to move between HK$4.20 and HK$4.30, which gives a possible trading interval of +/-HK$0.0487 (+/-1.15%) 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 2.29% 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$4.24 (0.24%) than the resistance at HK$4.48 (5.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: 0.034 Hold/Accumulate Unchanged
Predicted Opening Price for Hong Kong Ferry (Holdings) Company Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| HK$4.26 ( 0.314%) | HK$4.25 |
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 | 4.30 | 1.25 % | |
| R2 | 4.29 | 0.90 % | ||
| R1 | 4.28 | 0.673 % | ||
| Current price: | 4.25 | |||
| Support | S1 | 4.25 | -0.0458 % | |
| S2 | 4.24 | -0.268 % | ||
| S3 | 4.22 | -0.627 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.57 | 7.53 % | |
| R2 | 4.56 | 7.29 % | ||
| R1 | 4.48 | 5.41 % | ||
| Current price | 4.25 | |||
| Support | S1 | 4.24 | -0.235% | |
| S2 | 4.23 | -0.471% | ||
| 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 | 3.53% |
| 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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