ITC Properties Group Limited Stock Forecast
ITC Properties Group Limited stock price ended at HK$0.480 on Friday, after losing 2.04%.
(Updated on May 17, 2024)
The ITC Properties Group Limited stock price fell by -2.04% on the last day (Friday, 17th May 2024) from HK$0.490 to HK$0.480. During the last trading day the stock fluctuated 4.26% from a day low at HK$0.470 to a day high of HK$0.490. The price has fallen in 5 of the last 10 days and is down by -7.69% for this period. Volume has increased on the last day by 154 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, 497 thousand shares were bought and sold for approximately HK$238.56 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.11% during the next 3 months and, with a 90% probability hold a price between HK$0.390 and HK$0.486 at the end of this 3-month period.
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0199.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 7.87%. 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 ITC Properties Group 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$0.484 and HK$0.525. 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). ITC Properties Group Limited 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".
Support, Risk & Stop-loss for ITC Properties Group Limited stock
ITC Properties Group Limited finds support from accumulated volume at HK$0.470 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$0.0200 between high and low, or 4.26%. For the last week, the stock has had daily average volatility of 6.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0199.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect ITC Properties Group Limited to open at HK$0.480, and during the day (based on 14 day Average True Range), to move between HK$0.449 and HK$0.511, which gives a possible trading interval of +/-HK$0.0313 (+/-6.53%) up or down from last closing price. If ITC Properties Group Limited takes out the full calculated possible swing range there will be an estimated 13.06% 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$0.490 (2.08%) than the support at HK$0.470 (2.08%), 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 ITC Properties Group Limited stock A Buy?
ITC Properties Group 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: -3.359 Sell Candidate Unchanged
Predicted Opening Price for ITC Properties Group Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$0.480 ( 0%) | HK$0.480 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0199.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.500 | 4.17 % | |
| R2 | 0.492 | 2.58 % | ||
| R1 | 0.488 | 1.59 % | ||
| Current price: | 0.480 | |||
| Support | S1 | 0.472 | -1.59 % | |
| S2 | 0.468 | -2.58 % | ||
| S3 | 0.460 | -4.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.520 | 8.33 % | |
| R2 | 0.500 | 4.17 % | ||
| R1 | 0.490 | 2.08 % | ||
| Current price | 0.480 | |||
| Support | S1 | 0.470 | -2.08% | |
| S2 | 0.445 | -7.29% | ||
| S3 | 0 | . |
0199 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 14, 2022 | Jul 14, 2022 | Jul 14, 2022 | HK$0.0500 | 4.85% |
| 2 | Dec 13, 2021 | Dec 13, 2021 | Dec 13, 2021 | HK$0.100 | 8.47% |
| 3 | Jul 16, 2020 | Jul 16, 2020 | Jul 16, 2020 | HK$0.0500 | 5.38% |
| 4 | Dec 12, 2019 | Dec 12, 2019 | Dec 12, 2019 | HK$0.0300 | 2.61% |
| 5 | Jul 16, 2019 | Jul 16, 2019 | Jul 16, 2019 | HK$0.120 | 7.14% |
FAQ
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