Henderson Investment Limited Stock Forecast

Henderson Investment Limited stock price ended at HK$0.130 on Thursday, after losing 3.70%.
(Updated on Jun 20, 2024)

0097.HK Signals & Forecast

There are few to no technical positive signals at the moment. The Henderson Investment Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$0.140 and HK$0.136. 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 27, 2024, and so far it has fallen -33.33%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Henderson Investment Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.118 and HK$0.110. 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, Henderson Investment Limited finds support just below today's level at HK$0.118. If this is broken, then the next support from accumulated volume will be at HK$0.110 and HK$0.106.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved HK$0.0020 between high and low, or 1.54%. For the last week the stock has had daily average volatility of 4.94%.

Henderson Investment Limited is oversold on RSI14 (21). 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 (0097.HK) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Henderson Investment Limited to open at HK$0.131, and during the day (based on 14 day Average True Range), to move between HK$0.118 and HK$0.142, which gives a possible trading interval of +/-HK$0.0115 (+/-8.87%) up or down from last closing price. If Henderson Investment Limited takes out the full calculated possible swing range there will be an estimated 17.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at HK$0.139 (6.92%) than the support at HK$0.118 (9.23%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Henderson Investment Limited stock A Buy?

The Henderson Investment Limited stock holds several negative signals and despite the positive trend, we believe Henderson Investment Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.986 Sell Candidate Unchanged

Predicted Opening Price for Henderson Investment Limited of Friday, June 21, 2024

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