Guoco Group Limited Stock Forecast
Guoco Group Limited stock price down 0% on Friday
(Updated on May 24, 2024)
No changes to the price of Guoco Group Limited stock on the last trading day (Friday, 24th May 2024). During the last trading day the stock fluctuated 1.29% from a day low at HK$69.90 to a day high of HK$70.80. The price has been going up and down for this period, and there has been a 0% change for the last 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 -26.88% during the next 3 months and, with a 90% probability hold a price between HK$47.78 and HK$53.48 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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0053.HK Signals & Forecast
There are mixed signals in the stock today. The Guoco Group 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$70.56 and HK$72.85. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, May 09, 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). 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".
Support, Risk & Stop-loss for Guoco Group Limited 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.
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$0.90 between high and low, or 1.29%. For the last week, the stock has had daily average volatility of 0.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0053.HK) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Guoco Group Limited to open at HK$70.20, and during the day (based on 14 day Average True Range), to move between HK$68.18 and HK$71.62, which gives a possible trading interval of +/-HK$1.72 (+/-2.46%) up or down from last closing price. If Guoco Group Limited takes out the full calculated possible swing range there will be an estimated 4.93% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$70.00, some HK$0.1000 (0.14%) from the current price of HK$69.90, our system finds the risk reward not very attractive.
Is Guoco Group Limited stock A Buy?
Guoco Group Limited 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: -2.122 Sell Candidate Unchanged
Predicted Opening Price for Guoco Group Limited of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| HK$70.20 ( 0.429%) | HK$69.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0053.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 71.10 | 1.72 % | |
| R2 | 70.76 | 1.22 % | ||
| R1 | 70.54 | 0.92 % | ||
| Current price: | 69.90 | |||
| Support | S1 | 69.86 | -0.0627 % | |
| S2 | 69.64 | -0.367 % | ||
| S3 | 69.30 | -0.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 85.00 | 21.60 % | |
| R2 | 77.00 | 10.16 % | ||
| R1 | 70.00 | 0.143 % | ||
| Current price | 69.90 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
0053 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 08, 2024 | Mar 08, 2024 | Mar 26, 2024 | HK$0.500 | 0.555% |
| 2 | Nov 21, 2023 | Nov 21, 2023 | Nov 21, 2023 | HK$2.50 | 4.52% |
| 3 | Mar 08, 2023 | Mar 08, 2023 | Mar 08, 2023 | HK$0.500 | 0.719% |
| 4 | Nov 11, 2022 | Nov 11, 2022 | Nov 11, 2022 | HK$1.50 | 2.34% |
| 5 | Mar 08, 2022 | Mar 08, 2022 | Mar 08, 2022 | HK$0.500 | 0.601% |
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