Greenheart Group Limited Stock Forecast

Red day on Thursday for Greenheart Group Limited stock after losing 0%
(Updated on Jun 27, 2024)

0094.HK Signals & Forecast

There are mixed signals in the stock today. The Greenheart 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$0.0773 and HK$0.0785. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 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).

Support, Risk & Stop-loss for Greenheart Group Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0580 and HK$0.0570. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Greenheart Group Limited finds support just below today's level at HK$0.0580. If this is broken, then the next support from accumulated volume will be at HK$0.0570 and HK$0.0560.

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 5.51%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (0094.HK) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Greenheart Group Limited to open at HK$0.0700, and during the day (based on 14 day Average True Range), to move between HK$0.0649 and HK$0.0751, which gives a possible trading interval of +/-HK$0.0051 (+/-7.35%) up or down from last closing price. If Greenheart Group Limited takes out the full calculated possible swing range there will be an estimated 14.71% 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$0.0580 (17.14%) than the resistance at HK$0.0830 (18.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Greenheart Group Limited stock A Buy?

Greenheart 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: -1.674 Sell Candidate Unchanged

Predicted Opening Price for Greenheart Group Limited of Friday, June 28, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.