Kong Sun Holdings Limited Stock Forecast

Red day on Tuesday for Kong Sun Holdings Limited
(Updated on Jun 18, 2024)

0295.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 5.26%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kong Sun 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$0.0200 and HK$0.0211. 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).

Support, Risk & Stop-loss for Kong Sun Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0190 and HK$0.0180. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Kong Sun Holdings Limited finds support just below today's level at HK$0.0190. If this is broken, then the next support from accumulated volume will be at HK$0.0180 and HK$0.0170.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high 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 3.41%.

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

Trading Expectations (0295.HK) For The Upcoming Trading Day Of Wednesday 19th

For the upcoming trading day on Wednesday, 19th we expect Kong Sun Holdings Limited to open at HK$0.0200, and during the day (based on 14 day Average True Range), to move between HK$0.0189 and HK$0.0211, which gives a possible trading interval of +/-HK$0.0011 (+/-5.70%) up or down from last closing price. If Kong Sun Holdings Limited takes out the full calculated possible swing range there will be an estimated 11.40% 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$0.0190 (5.00%) than the resistance at HK$0.0220 (10.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kong Sun Holdings Limited stock A Buy?

The Kong Sun Holdings Limited stock holds several negative signals and despite the positive trend, we believe Kong Sun Holdings Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.245 Sell Candidate Unchanged

Predicted Opening Price for Kong Sun Holdings Limited of Wednesday, June 19, 2024

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