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AI Analysis of 0053.HK
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Red day on Monday for Guoco Group Limited stock after losing 0%
(Updated on Jun 17, 2024)

Sell candidate since Jun 14, 2024 PDF

No changes to the price of Guoco Group Limited stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$68.30 to a day high of HK$68.30. The price has fallen in 6 of the last 10 days and is down by -1.59% for this period.

The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is HK$65.42, a level that may pose a second chance to hit a runner. According to fan-theory HK$74.17 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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0053.HK Signals & Forecast

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. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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$68.86 and HK$70.59. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

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.

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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.556%

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 Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Guoco Group Limited to open at HK$68.30, and during the day (based on 14 day Average True Range), to move between HK$67.40 and HK$69.20, which gives a possible trading interval of +/-HK$0.90 (+/-1.31%) up or down from last closing price. If Guoco Group Limited takes out the full calculated possible swing range there will be an estimated 2.63% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ HK$69.90, some HK$1.60 (2.34%) from the current price of HK$68.30, our system finds the risk reward not very attractive.

Is Guoco Group Limited stock A Buy?

Guoco Group Limited holds several negative signals and is within a wide and 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: -2.999 Sell Candidate Unchanged

Predicted Opening Price for Guoco Group Limited of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
HK$68.30 ( 0%) HK$68.30

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
R3 68.30 -
R2 68.30 -
R1 68.30 -
Price 68.30
S1 68.30 -
S2 68.30 -
S3 68.30 -

Accumulated Volume Support & Resistance Levels

Level Price
R3 77.00 12.74%
R2 70.00 2.49%
R1 69.90 2.34%
Price 68.30
S1 0 -
S2 0 -
S3 0 -

0053 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 11, 2024 Mar 11, 2024 Mar 26, 2024 HK$0.500 0.555%
2 Mar 08, 2024 Mar 08, 2024 Mar 26, 2024 HK$0.500 0.555%
3 Nov 21, 2023 Nov 21, 2023 Nov 21, 2023 HK$2.50 4.52%
4 Nov 07, 2023 Nov 07, 2023 Nov 07, 2023 HK$0.0600 0.102%
5 Mar 08, 2023 Mar 08, 2023 Mar 08, 2023 HK$0.500 0.719%

FAQ

What is the symbol for Guoco Group Limited Stock and on which exchange is it traded?
The symbol for Guoco Group Limited is 0053.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Guoco Group Limited Stock?
Guoco Group Limited holds several negative signals and is within a wide and 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.

How to buy Guoco Group Limited Stock?
Guoco Group Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Guoco Group Limited Stock.

What's the current price of Guoco Group Limited Stock?
As of the end of day on the Jun 17, 2024, the price of an Guoco Group Limited (0053.HK) share was HK$68.30.

What is the 52-week high and low for Guoco Group Limited Stock?
The 52-week high for Guoco Group Limited Stock is HK$97.00 and the 52-week low is HK$51.50.

What is the market capitalization of Guoco Group Limited Stock?
As of the Jun 17, 2024, the market capitalization of Guoco Group Limited is 22.213B.

When is the next earnings date for Guoco Group Limited?
The upcoming earnings date for Guoco Group Limited is Nov 15, 2024.
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About Guoco Group Limited

Guoco Group Limited Guoco Group Limited, an investment holding company, engages in the principal investment, property investment and development, hospitality and leisure, and financial service businesses. The company's Principal Investment segment offers debt, equity, and direct investments, as well as treasury operations with trading and strategic investments in global capital markets. Its Property Development and Investment segment develops residential and commerc... 0053.HK Profile

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