Silver Grant International Holdings Stock Forecast
Big movements in Silver Grant International Holdings stock price on Friday moving 12.86% between high and low
(Updated on May 17, 2024)
The Silver Grant International Holdings stock price fell by -6.67% on the last day (Friday, 17th May 2024) from HK$0.150 to HK$0.140. During the last trading day the stock fluctuated 12.86% from a day low at HK$0.140 to a day high of HK$0.158. The price has risen in 5 of the last 10 days and is up by 3.7% over the past 2 weeks. Volume has increased on the last day by 178 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 190 thousand shares were bought and sold for approximately HK$26.60 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 27.29% during the next 3 months and, with a 90% probability hold a price between HK$0.144 and HK$0.204 at the end of this 3-month period.
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0171.HK Signals & Forecast
The Silver Grant International Holdings stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.148. On a fall, the stock will find some support from the long-term average at approximately HK$0.128. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Thursday, May 09, 2024, and so far it has fallen -10.83%. Further fall is indicated until a new bottom pivot has been found. Silver Grant International Holdings gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Silver Grant International Holdings stock
Silver Grant International Holdings finds support from accumulated volume at HK$0.137 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$0.0180 between high and low, or 12.86%. For the last week, the stock has had daily average volatility of 7.24%.
Our recommended stop-loss: HK$0.133 (-4.80%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (0171.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Silver Grant International Holdings Group Limited to open at HK$0.146, and during the day (based on 14 day Average True Range), to move between HK$0.127 and HK$0.153, which gives a possible trading interval of +/-HK$0.0130 (+/-9.26%) up or down from last closing price. If Silver Grant International Holdings Group Limited takes out the full calculated possible swing range there will be an estimated 18.53% 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$0.142 (1.43%) than the support at HK$0.137 (2.14%), 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 Silver Grant International Holdings Group Limited stock A Buy?
Silver Grant International Holdings 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.637 Hold/Accumulate Downgraded
Predicted Opening Price for Silver Grant International Holdings Group Limited of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
HK$0.146 ( 4.29%) | HK$0.140 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0171.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.164 | 17.14 % | |
R2 | 0.157 | 12.23 % | ||
R1 | 0.153 | 9.20 % | ||
Current price: | 0.140 | |||
Support | S1 | 0.139 | -0.626 % | |
S2 | 0.135 | -3.66 % | ||
S3 | 0.128 | -8.57 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.154 | 10.00 % | |
R2 | 0.148 | 5.71 % | ||
R1 | 0.142 | 1.43 % | ||
Current price | 0.140 | |||
Support | S1 | 0.137 | -2.14% | |
S2 | 0.121 | -13.57% | ||
S3 | 0.120 | -14.29% |
0171 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 27, 2015 | May 27, 2015 | May 27, 2015 | HK$0.0500 | 3.01% |
2 | May 28, 2014 | May 28, 2014 | May 28, 2014 | HK$0.0500 | 5.21% |
3 | May 29, 2013 | May 29, 2013 | May 29, 2013 | HK$0.0500 | 4.07% |
4 | May 22, 2012 | May 22, 2012 | May 22, 2012 | HK$0.0500 | 3.18% |
5 | Apr 29, 2011 | Apr 29, 2011 | Apr 29, 2011 | HK$0.100 | 3.38% |
FAQ
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