Shangri-La Asia Limited Stock Forecast
Shangri-La Asia Limited stock price ended at HK$5.54 on Wednesday, after losing 0.717%.
(Updated on Jun 05, 2024)
The Shangri-La Asia Limited stock price fell by -0.717% on the last day (Wednesday, 5th Jun 2024) from HK$5.58 to HK$5.54. During the last trading day the stock fluctuated 2.17% from a day low at HK$5.52 to a day high of HK$5.64. The price has fallen in 6 of the last 10 days and is down by -5.46% 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 -153 thousand shares and in total, 437 thousand shares were bought and sold for approximately HK$2.42 million.
Given the current short-term trend, the stock is expected to rise 18.53% during the next 3 months and, with a 90% probability hold a price between HK$6.57 and HK$7.41 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.
0069.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Shangri-La Asia 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$5.57 and HK$5.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -8.58%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Shangri-La Asia Limited stock
Shangri-La Asia Limited finds support from accumulated volume at HK$5.50 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$0.120 between high and low, or 2.17%. For the last week, the stock has had daily average volatility of 2.20%.
Shangri-La Asia Limited is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0069.HK) For The Upcoming Trading Day Of Thursday 6th
For the upcoming trading day on Thursday, 6th we expect Shangri-La Asia Limited to open at HK$5.57, and during the day (based on 14 day Average True Range), to move between HK$5.38 and HK$5.70, which gives a possible trading interval of +/-HK$0.157 (+/-2.83%) up or down from last closing price. If Shangri-La Asia Limited takes out the full calculated possible swing range there will be an estimated 5.66% 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$5.50 (0.72%) than the resistance at HK$5.65 (1.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shangri-La Asia Limited stock A Buy?
The Shangri-La Asia Limited stock holds several negative signals and despite the positive trend, we believe Shangri-La Asia Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.032 Sell Candidate Unchanged
Predicted Opening Price for Shangri-La Asia Limited of Thursday, June 6, 2024
| Fair opening price June 6, 2024 | Current price |
|---|---|
| HK$5.57 ( 0.481%) | HK$5.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0069.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.69 | 2.65% |
| R2 | 5.64 | 1.82% |
| R1 | 5.61 | 1.31% |
| Price | 5.54 | |
| S1 | 5.52 | -0.346% |
| S2 | 5.49 | -0.86% |
| S3 | 5.45 | -1.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.78 | 4.33% |
| R2 | 5.69 | 2.71% |
| R1 | 5.65 | 1.99% |
| Price | 5.54 | |
| S1 | 5.50 | -0.722% |
| S2 | 5.48 | -1.08% |
| S3 | 4.81 | -13.18% |
0069 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 03, 2024 | Jun 03, 2024 | Jun 14, 2024 | HK$0.150 | 2.71% |
| 2 | Sep 23, 2019 | Sep 23, 2019 | Sep 23, 2019 | HK$0.0800 | 0.99% |
| 3 | Jun 10, 2019 | Jun 10, 2019 | Jun 10, 2019 | HK$0.140 | 1.48% |
| 4 | Sep 24, 2018 | Sep 24, 2018 | Sep 24, 2018 | HK$0.0800 | 0.667% |
| 5 | Jun 04, 2018 | Jun 04, 2018 | Jun 04, 2018 | HK$0.110 | 0.683% |
FAQ
Click here for our free guide on how to buy Shangri-La Asia Limited Stock.
