K. Wah International Holdings Limited Stock Forecast
Red day on Monday for K. Wah International Holdings Limited stock after losing 1.10%
(Updated on Jun 17, 2024)
The K. Wah International Holdings Limited stock price fell by -1.10% on the last day (Monday, 17th Jun 2024) from HK$1.81 to HK$1.79. During the last trading day the stock fluctuated 3.47% from a day low at HK$1.73 to a day high of HK$1.79. The price has fallen in 5 of the last 10 days and is down by -3.24% for this period. Volume has increased on the last day by 964 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, 2 million shares were bought and sold for approximately HK$3.44 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect K. Wah International Holdings Limited stock with a 90% probability to be traded between HK$1.67 and HK$1.96 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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0173.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 1.13%. 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 K. Wah International Holdings 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$1.80 and HK$1.87. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for K. Wah International Holdings Limited stock
K. Wah International Holdings Limited finds support from accumulated volume at HK$1.78 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0600 between high and low, or 3.47%. For the last week, the stock has had daily average volatility of 2.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0173.HK) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect K. Wah International Holdings Limited to open at HK$1.77, and during the day (based on 14 day Average True Range), to move between HK$1.75 and HK$1.83, which gives a possible trading interval of +/-HK$0.0449 (+/-2.51%) up or down from last closing price. If K. Wah International Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$1.78 (0.56%) than the resistance at HK$1.92 (7.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is K. Wah International Holdings Limited stock A Buy?
K. Wah International Holdings Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.143 Sell Candidate Unchanged
Predicted Opening Price for K. Wah International Holdings Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| HK$1.77 ( 1.12%) | HK$1.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0173.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.83 | 2.23% |
| R2 | 1.81 | 0.95% |
| R1 | 1.79 | 0.163% |
| Price | 1.79 | |
| S1 | 1.75 | -2.40% |
| S2 | 1.73 | -3.19% |
| S3 | 1.71 | -4.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.03 | 13.41% |
| R2 | 1.94 | 8.38% |
| R1 | 1.92 | 7.26% |
| Price | 1.79 | |
| S1 | 1.78 | -0.559% |
| S2 | 1.77 | -1.12% |
| S3 | 1.76 | -1.68% |
0173 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 17, 2024 | Jun 17, 2024 | Jul 24, 2024 | HK$0.0900 | 5.03% |
| 2 | Sep 12, 2023 | Sep 12, 2023 | Oct 26, 2023 | HK$0.0700 | 3.40% |
| 3 | Jun 14, 2023 | Jun 14, 2023 | Jun 14, 2023 | HK$0.140 | 5.62% |
| 4 | Sep 09, 2022 | Sep 09, 2022 | Sep 09, 2022 | HK$0.0700 | 2.46% |
| 5 | Jun 15, 2022 | Jun 15, 2022 | Jun 15, 2022 | HK$0.140 | 4.90% |
FAQ
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