Greenland Hong Kong Holdings Limited Stock Forecast
Red day on Tuesday for Greenland Hong Kong Holdings Limited stock after losing 3.08%
(Updated on Apr 23, 2024)
The Greenland Hong Kong Holdings Limited stock price fell by -3.08% on the last day (Tuesday, 23rd Apr 2024) from HK$0.195 to HK$0.189. During the last trading day the stock fluctuated 1.59% from a day low at HK$0.189 to a day high of HK$0.192. The price has fallen in 7 of the last 10 days and is down by -12.9% for this period. Volume has increased on the last day by 320 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 589 thousand shares were bought and sold for approximately HK$111.32 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.185 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -27.74% during the next 3 months and, with a 90% probability hold a price between HK$0.133 and HK$0.178 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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0337.HK Signals & Forecast
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. The Greenland Hong Kong Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$0.198 and HK$0.243. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -34.83%. Further fall is indicated until a new bottom pivot has been found. Greenland Hong Kong Holdings Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Greenland Hong Kong Holdings Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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$0.0030 between high and low, or 1.59%. For the last week, the stock has had daily average volatility of 3.32%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0337.HK) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Greenland Hong Kong Holdings Limited to open at HK$0.190, and during the day (based on 14 day Average True Range), to move between HK$0.179 and HK$0.199, which gives a possible trading interval of +/-HK$0.0099 (+/-5.23%) up or down from last closing price. If Greenland Hong Kong Holdings Limited takes out the full calculated possible swing range there will be an estimated 10.45% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.190, some HK$0.0010 (0.53%) from the current price of HK$0.189, our system finds the risk reward not very attractive.
Is Greenland Hong Kong Holdings Limited stock A Buy?
Greenland Hong Kong Holdings Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.673 Sell Candidate Unchanged
Predicted Opening Price for Greenland Hong Kong Holdings Limited of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| HK$0.190 ( 0.529%) | HK$0.189 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0337.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.193 | 2.12 % | |
| R2 | 0.192 | 1.51 % | ||
| R1 | 0.191 | 1.14 % | ||
| Current price: | 0.189 | |||
| Support | S1 | 0.189 | -0.0772 % | |
| S2 | 0.188 | -0.452 % | ||
| S3 | 0.187 | -1.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.234 | 23.81 % | |
| R2 | 0.217 | 14.81 % | ||
| R1 | 0.190 | 0.529 % | ||
| Current price | 0.189 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
0337 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 06, 2022 | Jul 06, 2022 | Jul 06, 2022 | HK$0.300 | 27.27% |
| 2 | Jul 05, 2021 | Jul 05, 2021 | Jul 05, 2021 | HK$0.300 | 13.89% |
| 3 | Jul 03, 2020 | Jul 03, 2020 | Jul 03, 2020 | HK$0.250 | 9.19% |
| 4 | Jul 03, 2019 | Jul 03, 2019 | Jul 03, 2019 | HK$0.200 | 6.56% |
| 5 | May 25, 2018 | May 25, 2018 | May 25, 2018 | HK$0.150 | 4.18% |
FAQ
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