Emperor International Holdings Limited Stock Forecast

Emperor International Holdings Limited stock price ended at HK$0.405 on Friday, after gaining 1.25%.
(Updated on May 17, 2024)

0163.HK Signals & Forecast

The Emperor International Holdings 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$0.386 and HK$0.366. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -1.22%. Further fall is indicated until a new bottom pivot has been found. 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 Emperor International Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.380 and HK$0.375. 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, Emperor International Holdings Limited finds support just below today's level at HK$0.380. If this is broken, then the next support from accumulated volume will be at HK$0.375 and HK$0.335.

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$0.0150 between high and low, or 3.85%. For the last week the stock has had daily average volatility of 5.27%.

The Emperor International Holdings Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: HK$0.392 (-3.27%) (This stock has high daily movements and this gives high risk. The RSI14 is 82 and this increases the risk substantially. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (0163.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Emperor International Holdings Limited to open at HK$0.400, and during the day (based on 14 day Average True Range), to move between HK$0.391 and HK$0.419, which gives a possible trading interval of +/-HK$0.0141 (+/-3.47%) up or down from last closing price. If Emperor International Holdings Limited takes out the full calculated possible swing range there will be an estimated 6.94% 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$0.410 (1.23%) than the support at HK$0.380 (6.17%), 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 Emperor International Holdings Limited stock A Buy?

Emperor International Holdings Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.613 Hold/Accumulate Unchanged

Predicted Opening Price for Emperor International Holdings Limited of Monday, May 20, 2024

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