FSE Services Group Limited Stock Forecast
FSE Services Group Limited stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 17, 2024)
The FSE Services Group Limited stock price gained 0.88% on the last trading day (Friday, 17th May 2024), rising from HK$5.69 to HK$5.74. During the last trading day the stock fluctuated 2.81% from a day low at HK$5.70 to a day high of HK$5.86. The price has risen in 8 of the last 10 days and is up by 6.3% over the past 2 weeks. Volume fell on the last day by -162 thousand shares and in total, 232 thousand shares were bought and sold for approximately HK$1.33 million. 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.
Given the current short-term trend, the stock is expected to fall -4.12% during the next 3 months and, with a 90% probability hold a price between HK$5.09 and HK$5.50 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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0331.HK Signals & Forecast
The FSE Services Group Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$5.55 and HK$5.46. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.30%. Further rise is indicated until a new top pivot has been found. 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. 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.
Support, Risk & Stop-loss for FSE Services Group Limited stock
FSE Services Group Limited finds support from accumulated volume at HK$5.63 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0.160 between high and low, or 2.81%. For the last week the stock has had daily average volatility of 1.76%
Our recommended stop-loss: HK$5.46 (-4.89%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (0331.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect FSE Services Group Limited to open at HK$5.77, and during the day (based on 14 day Average True Range), to move between HK$5.67 and HK$5.81, which gives a possible trading interval of +/-HK$0.0739 (+/-1.29%) up or down from last closing price. If FSE Services Group Limited takes out the full calculated possible swing range there will be an estimated 2.57% 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$5.76 (0.35%) than the support at HK$5.63 (1.92%), 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 FSE Services Group Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.390 Buy Candidate Upgraded
Predicted Opening Price for FSE Services Group Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$5.77 ( 0.465%) | HK$5.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0331.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.93 | 3.25 % | |
| R2 | 5.87 | 2.19 % | ||
| R1 | 5.83 | 1.53 % | ||
| Current price: | 5.74 | |||
| Support | S1 | 5.71 | -0.600 % | |
| S2 | 5.67 | -1.26 % | ||
| S3 | 5.61 | -2.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.80 | 1.05 % | |
| R2 | 5.78 | 0.697 % | ||
| R1 | 5.76 | 0.348 % | ||
| Current price | 5.74 | |||
| Support | S1 | 5.63 | -1.92% | |
| S2 | 5.49 | -4.36% | ||
| S3 | 5.42 | -5.57% |
0331 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 11, 2024 | Mar 11, 2024 | Mar 28, 2024 | HK$0.224 | 4.11% |
| 2 | Mar 09, 2023 | Mar 09, 2023 | Mar 09, 2023 | HK$0.245 | 4.13% |
| 3 | Oct 21, 2022 | Oct 21, 2022 | Oct 21, 2022 | HK$0.241 | 4.94% |
| 4 | Mar 10, 2022 | Mar 10, 2022 | Mar 10, 2022 | HK$0.209 | 3.79% |
| 5 | Nov 24, 2021 | Nov 24, 2021 | Nov 24, 2021 | HK$0.161 | 2.58% |
FAQ
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