Texwinca Holdings Limited Stock Forecast

Texwinca Holdings Limited stock price up 4.00% on Wednesday
(Updated on Jun 26, 2024)

0321.HK Signals & Forecast

A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -17.46%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. 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$1.07. On a fall, the stock will find some support from the long-term average at approximately HK$1.01. 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. 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 Texwinca Holdings Limited stock

Texwinca Holdings Limited finds support from accumulated volume at HK$1.00 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$0.0700 between high and low, or 7.07%. For the last week, the stock has had daily average volatility of 14.12%.

Our recommended stop-loss: HK$0.98 (-5.42%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (0321.HK) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Texwinca Holdings Limited to open at HK$1.03, and during the day (based on 14 day Average True Range), to move between HK$0.96 and HK$1.12, which gives a possible trading interval of +/-HK$0.0778 (+/-7.48%) up or down from last closing price. If Texwinca Holdings Limited takes out the full calculated possible swing range there will be an estimated 14.97% 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$1.00 (3.85%) than the resistance at HK$1.21 (16.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Texwinca Holdings Limited stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 2.020 Buy Candidate Unchanged

Predicted Opening Price for Texwinca Holdings Limited of Thursday, June 27, 2024

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