Sa Sa International Holdings Limited Stock Forecast
High volatility in Sa Sa International Holdings Limited stock price on Thursday which ended trading at HK$0.82
(Updated on Jun 20, 2024)
The Sa Sa International Holdings Limited stock price gained 7.89% on the last trading day (Thursday, 20th Jun 2024), rising from HK$0.760 to HK$0.82. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 12.00% from a day low at HK$0.750 to a day high of HK$0.84. The price has been going up and down for this period, and there has been a 9.33% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 million more shares were traded than the day before. In total, 22 million shares were bought and sold for approximately HK$17.67 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$0.84 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.41% during the next 3 months and, with a 90% probability hold a price between HK$0.609 and HK$0.794 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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0178.HK Signals & Forecast
The Sa Sa International Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$0.741 and HK$0.784. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 15.49%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Sa Sa International Holdings Limited stock
Sa Sa International Holdings Limited finds support from accumulated volume at HK$0.81 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$0.0900 between high and low, or 12.00%. For the last week, the stock has had daily average volatility of 5.75%.
Our recommended stop-loss: HK$0.785 (-4.21%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (0178.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Sa Sa International Holdings Limited to open at HK$0.80, and during the day (based on 14 day Average True Range), to move between HK$0.787 and HK$0.85, which gives a possible trading interval of +/-HK$0.0332 (+/-4.04%) up or down from last closing price. If Sa Sa International Holdings Limited takes out the full calculated possible swing range there will be an estimated 8.09% 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$0.81 (1.22%) than the resistance at HK$0.84 (2.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sa Sa International Holdings Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.181 Buy Candidate Upgraded
Predicted Opening Price for Sa Sa International Holdings Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.80 ( 2.03%) | HK$0.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0178.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.89 | 8.94% |
| R2 | 0.86 | 4.75% |
| R1 | 0.84 | 2.16% |
| Price | 0.82 | |
| S1 | 0.769 | -6.23% |
| S2 | 0.748 | -8.82% |
| S3 | 0.713 | -13.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.86 | 4.88% |
| R2 | 0.85 | 3.66% |
| R1 | 0.84 | 2.44% |
| Price | 0.82 | |
| S1 | 0.81 | -1.22% |
| S2 | 0.790 | -3.66% |
| S3 | 0.700 | -14.63% |
0178 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 04, 2019 | Sep 04, 2019 | Sep 04, 2019 | HK$0.0900 | 4.74% |
| 2 | Dec 04, 2018 | Dec 04, 2018 | Dec 04, 2018 | HK$0.0700 | 2.19% |
| 3 | Sep 05, 2018 | Sep 05, 2018 | Sep 05, 2018 | HK$0.0300 | 0.787% |
| 4 | Dec 06, 2017 | Dec 06, 2017 | Dec 06, 2017 | HK$0.0350 | 1.19% |
| 5 | Aug 31, 2017 | Aug 31, 2017 | Aug 31, 2017 | HK$0.0800 | 2.80% |
FAQ
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