HengTen Networks Group Limited Stock Forecast

Stronger technical forecast for HengTen Networks Group Limited stock price after Monday trading.
(Updated on Apr 22, 2024)

0136.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 18, 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 HengTen Networks 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$1.71 and HK$1.74. 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 during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for HengTen Networks Group Limited stock

HengTen Networks Group Limited finds support from accumulated volume at HK$1.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0700 between high and low, or 4.22%. For the last week, the stock has had daily average volatility of 4.38%.

HengTen Networks Group Limited is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: HK$1.56 (-6.66%) (This stock has high daily movements and this gives high risk. Low RSI14 is 17 which reduces the risk some. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (0136.HK) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect HengTen Networks Group Limited to open at HK$1.69, and during the day (based on 14 day Average True Range), to move between HK$1.57 and HK$1.77, which gives a possible trading interval of +/-HK$0.102 (+/-6.10%) up or down from last closing price. If HengTen Networks Group Limited takes out the full calculated possible swing range there will be an estimated 12.20% 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$1.68 (0.60%) than the support at HK$1.65 (1.20%), 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 HengTen Networks Group Limited stock A Buy?

HengTen Networks Group Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.511 Hold/Accumulate Upgraded

Predicted Opening Price for HengTen Networks Group Limited of Tuesday, April 23, 2024

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