RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 0242.HK
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Shun Tak Holdings Limited stock price fell more than -8.64% Wednesday closing at HK$0.740
(Updated on Mar 27, 2024)

Sell candidate since Mar 15, 2024 Loss -8.64% PDF

The Shun Tak Holdings Limited stock price fell by -8.64% on the last day (Wednesday, 27th Mar 2024) from HK$0.81 to HK$0.740. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 9.46% from a day low at HK$0.740 to a day high of HK$0.81. The price has fallen in 4 of the last 10 days and is down by -12.94% for this period. Volume has increased on the last day by 3 million 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, 4 million shares were bought and sold for approximately HK$3.05 million.

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 -11.42% during the next 3 months and, with a 90% probability hold a price between HK$0.599 and HK$0.746 at the end of this 3-month period.

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0242.HK Signals & Forecast

There are few to no technical positive signals at the moment. The Shun Tak Holdings 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$0.81 and HK$0.82. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, February 19, 2024, and so far it has fallen -16.85%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Shun Tak Holdings Limited stock

Shun Tak Holdings Limited finds support from accumulated volume at HK$0.730 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.0700 (9.46%) between high and low. For the last week, the stock has had daily average volatility of 4.37%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (0242.HK) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Shun Tak Holdings Limited to open at HK$0.763, and during the day (based on 14 day Average True Range), to move between HK$0.705 and HK$0.775, which gives a possible trading interval of +/-HK$0.0349 (+/-4.71%) up or down from last closing price. If Shun Tak Holdings Limited takes out the full calculated possible swing range there will be an estimated 9.43% 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$0.730 (1.35%) than the resistance at HK$0.83 (12.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Shun Tak Holdings Limited stock A Buy?

Shun Tak Holdings 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: -4.779 Sell Candidate Unchanged

Predicted Opening Price for Shun Tak Holdings Limited of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
HK$0.763 ( 3.15%) HK$0.740

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 0242.HK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.83 12.61 %
R2 0.81 9.00 %
R1 0.790 6.77 %
Current price: 0.740
Support S1 0.737 -0.460 %
S2 0.720 -2.69 %
S3 0.693 -6.31 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.89 20.27 %
R2 0.85 14.86 %
R1 0.83 12.16 %
Current price 0.740
Support S1 0.730 -1.35%
S2 0 .
S3 0 .

0242 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 30, 2020 Jun 30, 2020 Jun 30, 2020 HK$0.180 6.25%
2 Jun 28, 2019 Jun 28, 2019 Jun 28, 2019 HK$0.0600 1.92%
3 Jul 04, 2018 Jul 04, 2018 Jul 04, 2018 HK$0.0600 1.99%
4 Sep 14, 2017 Sep 14, 2017 Sep 14, 2017 HK$0.0600 1.75%
5 Jun 10, 2016 Jun 10, 2016 Jun 10, 2016 HK$0.0200 0.87%

FAQ

What is the symbol for Shun Tak Holdings Limited Stock and on which exchange is it traded?
The symbol for Shun Tak Holdings Limited is 0242.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Shun Tak Holdings Limited Stock?
Shun Tak Holdings 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.

How to buy Shun Tak Holdings Limited Stock?
Shun Tak Holdings Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Shun Tak Holdings Limited Stock.

What's the current price of Shun Tak Holdings Limited Stock?
As of the end of day on the 2024-03-27, the price of an Shun Tak Holdings Limited (0242.HK) share was HK$0.740.

What is the 52-week high and low for Shun Tak Holdings Limited Stock?
The 52-week high for Shun Tak Holdings Limited Stock is HK$1.56 and the 52-week low is HK$0.730.

What is the market capitalization of Shun Tak Holdings Limited Stock?
As of the 2024-03-27, the market capitalization of Shun Tak Holdings Limited is 2.233B.

When is the next earnings date for Shun Tak Holdings Limited?
The upcoming earnings date for Shun Tak Holdings Limited is Aug 28, 2024.
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About Shun Tak Holdings Limited

Shun Tak Holdings Limited Shun Tak Holdings Limited, an investment holding company, engages in property, transportation, hospitality, and investment businesses in the People's Republic of China and internationally. It develops and sells hotel, commercial, and residential properties; leases retail, office, and residential properties; and offers property and facility management services for residential developments, clubhouses, office towers, shopping malls, and carparks. T... 0242.HK Profile

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