First Shanghai Investments Limited Stock Forecast
Stronger technical forecast for First Shanghai Investments Limited stock price after Friday trading.
(Updated on Jun 28, 2024)
The First Shanghai Investments Limited stock price fell by -3.03% on the last day (Friday, 28th Jun 2024) from HK$0.132 to HK$0.128. During the last trading day the stock fluctuated 7.38% from a day low at HK$0.122 to a day high of HK$0.131. The price has fallen in 5 of the last 10 days and is down by -4.48% for this period. Volume has increased on the last day by 104 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, 112 thousand shares were bought and sold for approximately HK$14.34 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.125 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 12.90% during the next 3 months and, with a 90% probability hold a price between HK$0.141 and HK$0.183 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0227.HK Signals & Forecast
There are few to no technical positive signals at the moment. The First Shanghai Investments 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$0.135 and HK$0.141. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -17.95%. 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). First Shanghai Investments 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for First Shanghai Investments Limited stock
First Shanghai Investments Limited finds support from accumulated volume at HK$0.126 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$0.0090 between high and low, or 7.38%. For the last week, the stock has had daily average volatility of 3.83%.
Our recommended stop-loss: HK$0.121 (-5.28%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 43 days ago.)
Trading Expectations (0227.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect First Shanghai Investments Limited to open at HK$0.127, and during the day (based on 14 day Average True Range), to move between HK$0.120 and HK$0.136, which gives a possible trading interval of +/-HK$0.0081 (+/-6.35%) up or down from last closing price. If First Shanghai Investments Limited takes out the full calculated possible swing range there will be an estimated 12.70% 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$0.126 (1.56%) than the resistance at HK$0.140 (9.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is First Shanghai Investments Limited stock A Buy?
First Shanghai Investments Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.629 Hold/Accumulate Upgraded
Predicted Opening Price for First Shanghai Investments Limited of Tuesday, July 2, 2024
Fair opening price July 2, 2024 | Current price |
---|---|
HK$0.127 ( 0.781%) | HK$0.128 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0227.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.136 | 6.25% |
R2 | 0.133 | 3.56% |
R1 | 0.130 | 1.90% |
Price | 0.128 | |
S1 | 0.124 | -3.47% |
S2 | 0.121 | -5.13% |
S3 | 0.118 | -7.81% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.148 | 15.63% |
R2 | 0.144 | 12.50% |
R1 | 0.140 | 9.38% |
Price | 0.128 | |
S1 | 0.126 | -1.56% |
S2 | 0.119 | -7.03% |
S3 | 0.116 | -9.38% |
0227 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 08, 2016 | Jun 08, 2016 | Jun 08, 2016 | HK$0.0099 | 0.784% |
2 | Jun 18, 2015 | Jun 18, 2015 | Jun 18, 2015 | HK$0.0148 | 0.695% |
3 | May 12, 2011 | May 12, 2011 | May 12, 2011 | HK$0.0099 | 0.95% |
4 | May 13, 2010 | May 13, 2010 | May 13, 2010 | HK$0.0119 | 0.88% |
5 | May 15, 2008 | May 15, 2008 | May 15, 2008 | HK$0.0099 | 0.581% |
FAQ
Click here for our free guide on how to buy First Shanghai Investments Limited Stock.