GR Properties Limited Stock Forecast

GR Properties Limited stock price ended at HK$0.340 on Monday, after losing 1.45%.
(Updated on May 13, 2024)

0108.HK Signals & Forecast

The GR Properties Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$0.334 and HK$0.325. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -1.45%. 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.

Sell

Special Signal Notification

Double Top Formation

Support, Risk & Stop-loss for GR Properties Limited stock

GR Properties Limited finds support from accumulated volume at HK$0.335 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0250 between high and low, or 7.58%. For the last week the stock has had daily average volatility of 7.73%.

Our recommended stop-loss: HK$0.325 (-4.53%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (0108.HK) For The Upcoming Trading Day Of Tuesday 14th

For the upcoming trading day on Tuesday, 14th we expect GR Properties Limited to open at HK$0.342, and during the day (based on 14 day Average True Range), to move between HK$0.314 and HK$0.366, which gives a possible trading interval of +/-HK$0.0260 (+/-7.66%) up or down from last closing price. If GR Properties Limited takes out the full calculated possible swing range there will be an estimated 15.31% 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$0.345 (1.47%) than the support at HK$0.335 (1.47%), 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 GR Properties Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for GR Properties Limited stock to perform well in the short-term.

Current score: 1.305 Buy Candidate Unchanged

Predicted Opening Price for GR Properties Limited of Tuesday, May 14, 2024

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