Vtech Holdings Limited Stock Forecast
Stronger technical forecast for Vtech Holdings Limited stock price after Wednesday trading.
(Updated on Mar 27, 2024)
The Vtech Holdings Limited stock price gained 2.40% on the last trading day (Wednesday, 27th Mar 2024), rising from HK$45.85 to HK$46.95. During the last trading day the stock fluctuated 2.51% from a day low at HK$45.85 to a day high of HK$47.00. The price has risen in 6 of the last 10 days and is up by 2.74% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 293 thousand more shares were traded than the day before. In total, 673 thousand shares were bought and sold for approximately HK$31.62 million.
The stock has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. HK$46.86 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach HK$49.18 sometime during the next 3 months.
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0303.HK Signals & Forecast
Mostly positive signals in the chart today. The Vtech Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$46.20 and HK$46.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 28, 2024, and so far it has risen 4.22%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Friday, March 08, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, March 08, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Vtech Holdings Limited stock
Vtech Holdings Limited finds support from accumulated volume at HK$46.00 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$1.15 between high and low, or 2.51%. For the last week the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: HK$44.24 (-5.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (0303.HK) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Vtech Holdings Limited to open at HK$46.60, and during the day (based on 14 day Average True Range), to move between HK$46.11 and HK$47.79, which gives a possible trading interval of +/-HK$0.84 (+/-1.80%) up or down from last closing price. If Vtech Holdings Limited takes out the full calculated possible swing range there will be an estimated 3.59% 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$47.05 (0.21%) than the support at HK$46.00 (2.02%), 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 Vtech Holdings Limited stock A Buy?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Vtech Holdings Limited stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.007 Buy Candidate Upgraded
Predicted Opening Price for Vtech Holdings Limited of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
HK$46.60 ( 0.745%) | HK$46.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0303.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 47.75 | 1.70 % | |
R2 | 47.31 | 0.768 % | ||
R1 | 47.04 | 0.190 % | ||
Current price: | 46.95 | |||
Support | S1 | 46.16 | -1.68 % | |
S2 | 45.89 | -2.26 % | ||
S3 | 45.45 | -3.19 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 47.60 | 1.38 % | |
R2 | 47.20 | 0.532 % | ||
R1 | 47.05 | 0.213 % | ||
Current price | 46.95 | |||
Support | S1 | 46.00 | -2.02% | |
S2 | 45.65 | -2.77% | ||
S3 | 45.60 | -2.88% |
0303 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 07, 2023 | Dec 07, 2023 | Dec 07, 2023 | HK$0 | 0% |
2 | Jul 21, 2023 | Jul 21, 2023 | Jul 21, 2023 | HK$3.28 | 7.04% |
3 | Dec 02, 2022 | Dec 02, 2022 | Dec 02, 2022 | HK$1.32 | 2.66% |
4 | Jul 15, 2022 | Jul 15, 2022 | Jul 15, 2022 | HK$4.00 | 7.16% |
5 | Dec 06, 2021 | Dec 06, 2021 | Dec 06, 2021 | HK$1.33 | 2.19% |
FAQ
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