SmarTone Telecommunications Holdings Ltd Stock Forecast
SmarTone Telecommunications Holdings Ltd stock price ended at HK$3.65 on Tuesday, after gaining 0.275%.
(Updated on Apr 30, 2024)
The SmarTone Telecommunications Holdings Ltd stock price gained 0.275% on the last trading day (Tuesday, 30th Apr 2024), rising from HK$3.64 to HK$3.65. During the last trading day the stock fluctuated 0.83% from a day low at HK$3.63 to a day high of HK$3.66. The price has been going up and down for this period, and there has been a -1.62% loss for the last 2 weeks. Volume fell on the last day by -732 thousand shares and in total, 267 thousand shares were bought and sold for approximately HK$972.73 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 -10.44% during the next 3 months and, with a 90% probability hold a price between HK$3.16 and HK$3.39 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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0315.HK Signals & Forecast
There are mixed signals in the stock today. The SmarTone Telecommunications Holdings Ltd 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$3.79. On a fall, the stock will find some support from the short-term average at HK$3.65. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.96%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for SmarTone Telecommunications Holdings Ltd stock
SmarTone Telecommunications Holdings Ltd finds support from accumulated volume at HK$3.64 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0300 between high and low, or 0.83%. For the last week the stock has had daily average volatility of 1.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0315.HK) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect SmarTone Telecommunications Holdings Limited to open at HK$3.65, and during the day (based on 14 day Average True Range), to move between HK$3.59 and HK$3.71, which gives a possible trading interval of +/-HK$0.0575 (+/-1.58%) up or down from last closing price. If SmarTone Telecommunications Holdings Limited takes out the full calculated possible swing range there will be an estimated 3.15% 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$3.64 (0.27%) than the resistance at HK$3.78 (3.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SmarTone Telecommunications Holdings Limited stock A Buy?
SmarTone Telecommunications Holdings Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.638 Sell Candidate Unchanged
Predicted Opening Price for SmarTone Telecommunications Holdings Limited of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
HK$3.65 ( 0.0913%) | HK$3.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0315.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.68 | 0.731 % | |
R2 | 3.67 | 0.417 % | ||
R1 | 3.66 | 0.223 % | ||
Current price: | 3.65 | |||
Support | S1 | 3.64 | -0.405 % | |
S2 | 3.63 | -0.599 % | ||
S3 | 3.62 | -0.91 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.85 | 5.48 % | |
R2 | 3.83 | 4.93 % | ||
R1 | 3.78 | 3.56 % | ||
Current price | 3.65 | |||
Support | S1 | 3.64 | -0.274% | |
S2 | 3.63 | -0.548% | ||
S3 | 3.58 | -1.92% |
0315 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 05, 2024 | Mar 05, 2024 | Mar 18, 2024 | HK$0.145 | 3.73% |
2 | Mar 06, 2023 | Mar 06, 2023 | Mar 06, 2023 | HK$0.145 | 2.87% |
3 | Nov 07, 2022 | Nov 07, 2022 | Nov 07, 2022 | HK$0.155 | 3.99% |
4 | Mar 07, 2022 | Mar 07, 2022 | Mar 07, 2022 | HK$0.145 | 3.45% |
5 | Nov 08, 2021 | Nov 08, 2021 | Nov 08, 2021 | HK$0.155 | 3.60% |
FAQ
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