Hutchison Telecommunications Hong Kong Stock Forecast
Hutchison Telecommunications Hong Kong stock price down 0% on Friday
(Updated on May 03, 2024)
No changes to the price of Hutchison Telecommunications Hong Kong stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 0.98% from a day low at HK$1.02 to a day high of HK$1.03. The price has been going up and down for this period, and there has been a 0.99% gain for the last 2 weeks.
The stock lies in the middle of a 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 -5.14% during the next 3 months and, with a 90% probability hold a price between HK$0.94 and HK$0.99 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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0215.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Hutchison Telecommunications Hong Kong 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$1.02 and HK$1.03. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -0.97%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
A buy signal from a double bottom formation was found on Thursday, April 18, 2024 and based on theory for this formation the price should go up by 3.92% to HK$1.06 within 12 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for Hutchison Telecommunications Hong Kong stock
Hutchison Telecommunications Hong Kong finds support from accumulated volume at HK$1.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$0.0100 between high and low, or 0.98%. For the last week the stock has had daily average volatility of 1.57%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0215.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Hutchison Telecommunications Hong Kong Holdings Limited to open at HK$1.02, and during the day (based on 14 day Average True Range), to move between HK$1.01 and HK$1.03, which gives a possible trading interval of +/-HK$0.0150 (+/-1.47%) up or down from last closing price. If Hutchison Telecommunications Hong Kong Holdings Limited takes out the full calculated possible swing range there will be an estimated 2.94% 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$1.01 (0.98%) than the resistance at HK$1.04 (1.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hutchison Telecommunications Hong Kong Holdings Limited stock A Buy?
Hutchison Telecommunications Hong Kong holds several negative signals and is within a 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: -4.144 Sell Candidate Unchanged
Predicted Opening Price for Hutchison Telecommunications Hong Kong Holdings Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$1.02 ( 0.327%) | HK$1.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0215.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.03 | 1.31 % | |
| R2 | 1.03 | 0.93 % | ||
| R1 | 1.03 | 0.701 % | ||
| Current price: | 1.02 | |||
| Support | S1 | 1.02 | -0.0477 % | |
| S2 | 1.02 | -0.279 % | ||
| S3 | 1.01 | -0.654 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.06 | 3.92 % | |
| R2 | 1.05 | 2.94 % | ||
| R1 | 1.04 | 1.96 % | ||
| Current price | 1.02 | |||
| Support | S1 | 1.01 | -0.98% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
0215 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | May 27, 2024 | HK$0.0521 | 5.11% |
| 2 | May 16, 2023 | May 16, 2023 | May 16, 2023 | HK$0.0521 | 4.07% |
| 3 | Aug 23, 2022 | Aug 23, 2022 | Aug 23, 2022 | HK$0.0228 | 1.97% |
| 4 | May 16, 2022 | May 16, 2022 | May 16, 2022 | HK$0.0521 | 4.10% |
| 5 | Aug 24, 2021 | Aug 24, 2021 | Aug 24, 2021 | HK$0.198 | 16.23% |
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