Vtech Holdings Limited Stock Forecast

Vtech Holdings Limited stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 26, 2024)

0303.HK Signals & Forecast

There are mixed signals in the stock today. The Vtech Holdings Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$45.56. On a fall, the stock will find some support from the short-term average at HK$44.18. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.05%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Vtech Holdings Limited stock

Vtech Holdings Limited finds support from accumulated volume at HK$44.30 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$0.80 between high and low, or 1.81%. For the last week, the stock has had daily average volatility of 1.77%.

Our recommended stop-loss: HK$42.87 (-4.63%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (0303.HK) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Vtech Holdings Limited to open at HK$44.78, and during the day (based on 14 day Average True Range), to move between HK$44.11 and HK$45.79, which gives a possible trading interval of +/-HK$0.84 (+/-1.87%) up or down from last closing price. If Vtech Holdings Limited takes out the full calculated possible swing range there will be an estimated 3.74% 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$45.60 (1.45%) than the support at HK$44.30 (1.45%), 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?

Vtech Holdings Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.238 Hold/Accumulate Upgraded

Predicted Opening Price for Vtech Holdings Limited of Monday, April 29, 2024

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