Hypebeast Limited Stock Forecast

Hypebeast Limited stock upgraded from Hold/Accumulate to Strong Buy Candidate after Friday trading session.
(Updated on May 17, 2024)

0150.HK Signals & Forecast

The Hypebeast 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$0.243 and HK$0.230. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 12.27%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Hypebeast Limited stock

Hypebeast Limited finds support from accumulated volume at HK$0.245 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$0.0090 between high and low, or 3.75%. For the last week the stock has had daily average volatility of 1.59%.

Our recommended stop-loss: HK$0.238 (-3.51%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (0150.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Hypebeast Limited to open at HK$0.245, and during the day (based on 14 day Average True Range), to move between HK$0.239 and HK$0.255, which gives a possible trading interval of +/-HK$0.0079 (+/-3.20%) up or down from last closing price. If Hypebeast Limited takes out the full calculated possible swing range there will be an estimated 6.40% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ HK$0.245, some HK$0.0020 (0.81%) from the current price of HK$0.247, our system finds the risk reward attractive.

Is Hypebeast Limited stock A Buy?

Hypebeast Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 6.505 Strong Buy Candidate Upgraded

Predicted Opening Price for Hypebeast Limited of Monday, May 20, 2024

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