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AI Analysis of 0322.HK
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Red day on Friday for Tingyi (Cayman Islands) Holding Corp.
(Updated on Jun 14, 2024)

Sell candidate since Jun 12, 2024 Gain 1.63% PDF

The Tingyi (Cayman Islands) Holding Corp. stock price fell by -1.68% on the last day (Friday, 14th Jun 2024) from HK$9.51 to HK$9.35. During the last trading day the stock fluctuated 2.57% from a day low at HK$9.35 to a day high of HK$9.59. The price has fallen in 6 of the last 10 days and is down by -2.4% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 5 million shares were bought and sold for approximately HK$47.68 million.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$9.12 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.62% during the next 3 months and, with a 90% probability hold a price between HK$10.37 and HK$12.46 at the end of this 3-month period.

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0322.HK Signals & Forecast

There are few to no technical positive signals at the moment. The Tingyi (Cayman Islands) Holding Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$9.61 and HK$9.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -11.12%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Tingyi (Cayman Islands) Holding Corp. stock

Tingyi (Cayman Islands) Holding Corp. finds support from accumulated volume at HK$8.99 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$0.240 between high and low, or 2.57%. For the last week, the stock has had daily average volatility of 3.15%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (0322.HK) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Tingyi (Cayman Islands) Holding Corp. to open at HK$9.43, and during the day (based on 14 day Average True Range), to move between HK$8.99 and HK$9.71, which gives a possible trading interval of +/-HK$0.361 (+/-3.86%) up or down from last closing price. If Tingyi (Cayman Islands) Holding Corp. takes out the full calculated possible swing range there will be an estimated 7.72% 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$9.55 (2.14%) than the support at HK$8.99 (3.85%), 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 Tingyi (Cayman Islands) Holding Corp. stock A Buy?

The Tingyi (Cayman Islands) Holding Corp. stock holds several negative signals and despite the positive trend, we believe Tingyi (Cayman Islands) Holding Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.126 Sell Candidate Unchanged

Predicted Opening Price for Tingyi (Cayman Islands) Holding Corp. of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
HK$9.43 ( 0.86%) HK$9.35

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

Trading levels for 0322.HK

Fibonacci Support & Resistance Levels

Level Price
R3 9.67 3.42%
R2 9.58 2.44%
R1 9.52 1.84%
Price 9.35
S1 9.34 -0.125%
S2 9.28 -0.731%
S3 9.19 -1.71%

Accumulated Volume Support & Resistance Levels

Level Price
R3 10.52 12.51%
R2 9.58 2.46%
R1 9.55 2.14%
Price 9.35
S1 8.99 -3.85%
S2 8.72 -6.74%
S3 8.30 -11.23%

0322 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 12, 2024 Jun 12, 2024 Jul 10, 2024 HK$0.599 6.40%
2 Jun 07, 2023 Jun 07, 2023 Jun 07, 2023 HK$0.257 2.22%
3 Nov 04, 2022 Nov 04, 2022 Nov 04, 2022 HK$0.520 4.51%
4 Jun 15, 2022 Jun 15, 2022 Jun 15, 2022 HK$0.416 3.29%
5 Nov 05, 2021 Nov 05, 2021 Nov 05, 2021 HK$0.536 3.55%

FAQ

What is the symbol for Tingyi (Cayman Islands) Holding Corp. Stock and on which exchange is it traded?
The symbol for Tingyi (Cayman Islands) Holding Corp. is 0322.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Tingyi (Cayman Islands) Holding Corp. Stock?
The Tingyi (Cayman Islands) Holding Corp. stock holds several negative signals and despite the positive trend, we believe Tingyi (Cayman Islands) Holding Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Tingyi (Cayman Islands) Holding Corp. Stock?
Tingyi (Cayman Islands) Holding Corp. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Tingyi (Cayman Islands) Holding Corp. Stock.

What's the current price of Tingyi (Cayman Islands) Holding Corp. Stock?
As of the end of day on the Jun 14, 2024, the price of an Tingyi (Cayman Islands) Holding Corp. (0322.HK) share was HK$9.35.

What is the 52-week high and low for Tingyi (Cayman Islands) Holding Corp. Stock?
The 52-week high for Tingyi (Cayman Islands) Holding Corp. Stock is HK$12.40 and the 52-week low is HK$7.07.

What is the market capitalization of Tingyi (Cayman Islands) Holding Corp. Stock?
As of the Jun 14, 2024, the market capitalization of Tingyi (Cayman Islands) Holding Corp. is 52.681B.

When is the next earnings date for Tingyi (Cayman Islands) Holding Corp.?
The upcoming earnings date for Tingyi (Cayman Islands) Holding Corp. is Aug 20, 2024.
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About Tingyi (Cayman Islands) Holding Corp.

Tingyi (Cayman Islands) Holding Corp., an investment holding company, manufactures and sells instant noodles, beverages, and instant food products in the People's Republic of China. The company operates through Instant Noodles, Beverages, and Others segments. It offers ready-to-drink teas, juices, milk tea, bottled water, and carbonated soft drinks, as well as coffee drinks/functional drinks/probiotics. The company also provides property rental a... 0322.HK Profile

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