China Healthwise Holdings Limited Stock Forecast
China Healthwise Holdings Limited stock price ended at HK$0.0560 on Wednesday, after losing 0%.
(Updated on Jun 26, 2024)
No changes to the price of China Healthwise Holdings Limited stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.0560 to a day high of HK$0.0560. The price has fallen in 5 of the last 10 days but is still up by 19.15% over the past 2 weeks.
The stock lies in the lower part of a very 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$0.0494 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 10.12% during the next 3 months and, with a 90% probability hold a price between HK$0.0544 and HK$0.172 at the end of this 3-month period.
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0348.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 China Healthwise 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$0.0616 and HK$0.0701. 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 09, 2024, and so far it has fallen -62.16%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for China Healthwise Holdings Limited stock
China Healthwise Holdings Limited finds support from accumulated volume at HK$0.0550 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 17.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0348.HK) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect China Healthwise Holdings Limited to open at HK$0.0560, and during the day (based on 14 day Average True Range), to move between HK$0.0475 and HK$0.0645, which gives a possible trading interval of +/-HK$0.0085 (+/-15.17%) up or down from last closing price. If China Healthwise Holdings Limited takes out the full calculated possible swing range there will be an estimated 30.34% 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$0.0550 (1.79%) than the resistance at HK$0.0600 (7.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is China Healthwise Holdings Limited stock A Buy?
The China Healthwise Holdings Limited stock holds several negative signals and despite the positive trend, we believe China Healthwise Holdings Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.968 Sell Candidate Unchanged
Predicted Opening Price for China Healthwise Holdings Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| HK$0.0560 ( 0%) | HK$0.0560 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0348.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0560 | - |
| R2 | 0.0560 | - |
| R1 | 0.0560 | - |
| Price | 0.0560 | |
| S1 | 0.0560 | - |
| S2 | 0.0560 | - |
| S3 | 0.0560 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0660 | 17.86% |
| R2 | 0.0630 | 12.50% |
| R1 | 0.0600 | 7.14% |
| Price | 0.0560 | |
| S1 | 0.0550 | -1.79% |
| S2 | 0.0520 | -7.14% |
| S3 | 0.0440 | -21.43% |
0348 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 01, 2005 | Sep 01, 2005 | Sep 01, 2005 | HK$0.0167 | 1.33% |
| 2 | Dec 09, 2004 | Dec 09, 2004 | Dec 09, 2004 | HK$0.0167 | 1.01% |
| 3 | Aug 25, 2004 | Aug 25, 2004 | Aug 25, 2004 | HK$0.0250 | 1.55% |
| 4 | Dec 30, 2003 | Dec 30, 2003 | Dec 30, 2003 | HK$0.0250 | 0.99% |
| 5 | Aug 19, 2003 | Aug 19, 2003 | Aug 19, 2003 | HK$0.0250 | 1.03% |
FAQ
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