Texwinca Holdings Limited Stock Forecast

Texwinca Holdings Limited stock price ended at HK$0.87 on Friday, after losing 4.40%.
(Updated on May 17, 2024)

0321.HK Signals & Forecast

The Texwinca Holdings Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.88. On a fall, the stock will find some support from the long-term average at approximately HK$0.791. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -4.40%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Sell

Special Signal Notification

Double Top Formation

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

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.780 and HK$0.760. 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, Texwinca Holdings Limited finds support just below today's level at HK$0.780. If this is broken, then the next support from accumulated volume will be at HK$0.760 and HK$0.750.

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$0.0500 between high and low, or 5.81%. For the last week, the stock has had daily average volatility of 3.19%.

Our recommended stop-loss: HK$0.83 (-4.27%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (0321.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Texwinca Holdings Limited to open at HK$0.88, and during the day (based on 14 day Average True Range), to move between HK$0.84 and HK$0.90, which gives a possible trading interval of +/-HK$0.0285 (+/-3.27%) up or down from last closing price. If Texwinca Holdings Limited takes out the full calculated possible swing range there will be an estimated 6.55% 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$0.89 (2.30%) than the support at HK$0.780 (10.34%), 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 Texwinca Holdings Limited stock A Buy?

Texwinca 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.

Current score: 0.400 Hold/Accumulate Unchanged

Predicted Opening Price for Texwinca Holdings Limited of Monday, May 20, 2024

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