Vitasoy International Holdings Limited Stock Forecast

Green day on Friday for Vitasoy International Holdings Limited stock after gaining 3.83%
(Updated on May 17, 2024)

0345.HK Signals & Forecast

Mostly positive signals in the chart today. The Vitasoy International Holdings 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$6.26 and HK$6.14. 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 21.72%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Vitasoy International Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$6.10 and HK$5.87. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Vitasoy International Holdings Limited finds support just below today's level at HK$6.10. If this is broken, then the next support from accumulated volume will be at HK$5.87 and HK$5.69.

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$0.300 between high and low, or 4.76%. For the last week, the stock has had daily average volatility of 3.45%.

Our recommended stop-loss: HK$6.17 (-5.15%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)

Trading Expectations (0345.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Vitasoy International Holdings Limited to open at HK$6.47, and during the day (based on 14 day Average True Range), to move between HK$6.25 and HK$6.75, which gives a possible trading interval of +/-HK$0.249 (+/-3.83%) up or down from last closing price. If Vitasoy International Holdings Limited takes out the full calculated possible swing range there will be an estimated 7.67% 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$6.10 (6.15%) than the resistance at HK$7.14 (9.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Vitasoy International Holdings Limited stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Current score: 3.774 Buy Candidate Unchanged

Predicted Opening Price for Vitasoy International Holdings Limited of Monday, May 20, 2024

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