Greentech Technology International Ltd Stock Forecast
A very strong day for Greentech Technology International Ltd stock price on Friday
(Updated on Jun 28, 2024)
The Greentech Technology International Ltd stock price gained 5.13% on the last trading day (Friday, 28th Jun 2024), rising from HK$0.390 to HK$0.410. During the last trading day the stock fluctuated 0% from a day low at HK$0.410 to a day high of HK$0.410. The price has been going up and down for this period, and there has been a 10.81% gain for the last 2 weeks. Volume fell on the last day by -116 thousand shares and in total, 40 thousand shares were bought and sold for approximately HK$16.40 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Greentech Technology International Ltd stock with a 90% probability to be traded between HK$0.312 and HK$0.492 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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0195.HK Signals & Forecast
There are mixed signals in the stock today. The Greentech Technology International Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.424. On a fall, the stock will find some support from the short-term average at HK$0.396. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -17.17%. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Greentech Technology International Ltd stock
Greentech Technology International Ltd finds support from accumulated volume at HK$0.405 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 5.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0195.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Greentech Technology International Limited to open at HK$0.410, and during the day (based on 14 day Average True Range), to move between HK$0.383 and HK$0.437, which gives a possible trading interval of +/-HK$0.0270 (+/-6.59%) up or down from last closing price. If Greentech Technology International Limited takes out the full calculated possible swing range there will be an estimated 13.18% 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$0.405 (1.22%) than the resistance at HK$0.415 (1.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Greentech Technology International Limited stock A Buy?
Greentech Technology International Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.857 Sell Candidate Unchanged
Predicted Opening Price for Greentech Technology International Limited of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$0.410 ( 0%) | HK$0.410 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0195.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.410 | - |
| R2 | 0.410 | - |
| R1 | 0.410 | - |
| Price | 0.410 | |
| S1 | 0.410 | - |
| S2 | 0.410 | - |
| S3 | 0.410 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.480 | 17.07% |
| R2 | 0.465 | 13.41% |
| R1 | 0.415 | 1.22% |
| Price | 0.410 | |
| S1 | 0.405 | -1.22% |
| S2 | 0.380 | -7.32% |
| S3 | 0.370 | -9.76% |
0195 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 06, 2009 | Oct 06, 2009 | Oct 06, 2009 | HK$0.0125 | 0.108% |
| 2 | Jun 02, 2009 | Jun 02, 2009 | Jun 02, 2009 | HK$0.0063 | 1.09% |
FAQ
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