Texwinca Holdings Limited Stock Forecast

Green day on Tuesday for Texwinca Holdings Limited
(Updated on Jun 18, 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$1.22. On a fall, the stock will find some support from the long-term average at approximately HK$0.96. 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). Texwinca Holdings Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Wednesday, June 12, 2024, and so far it has fallen -3.17%. Further fall is indicated until a new bottom pivot has been found.

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

Texwinca Holdings Limited finds support from accumulated volume at HK$1.21 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0200 between high and low, or 1.67%. For the last week, the stock has had daily average volatility of 5.42%.

Our recommended stop-loss: HK$1.17 (-4.30%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (0321.HK) For The Upcoming Trading Day Of Wednesday 19th

For the upcoming trading day on Wednesday, 19th we expect Texwinca Holdings Limited to open at HK$1.21, and during the day (based on 14 day Average True Range), to move between HK$1.16 and HK$1.28, which gives a possible trading interval of +/-HK$0.0577 (+/-4.73%) up or down from last closing price. If Texwinca Holdings Limited takes out the full calculated possible swing range there will be an estimated 9.45% 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$1.23 (0.82%) than the support at HK$1.21 (0.82%), 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?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Texwinca Holdings Limited stock to perform well in the short-term.

Current score: 1.733 Buy Candidate Unchanged

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

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