China Healthwise Holdings Limited Stock Forecast
High volatility in China Healthwise Holdings Limited stock price on Friday which ended trading at HK$0.0640
(Updated on Jun 28, 2024)
The China Healthwise Holdings Limited stock price gained 20.75% on the last trading day (Friday, 28th Jun 2024), rising from HK$0.0530 to HK$0.0640. During the last trading day the stock fluctuated 18.18% from a day low at HK$0.0550 to a day high of HK$0.0650. The price has fallen in 5 of the last 10 days but is still up by 3.23% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 143 thousand more shares were traded than the day before. In total, 850 thousand shares were bought and sold for approximately HK$54.40 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.0452 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 6.11% during the next 3 months and, with a 90% probability hold a price between HK$0.0480 and HK$0.162 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). China Healthwise Holdings Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.0662. On a fall, the stock will find some support from the short-term average at HK$0.0604. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -56.76%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for China Healthwise Holdings Limited stock
China Healthwise Holdings Limited finds support from accumulated volume at HK$0.0630 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 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$0.0100 between high and low, or 18.18%. For the last week, the stock has had daily average volatility of 6.41%.
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 Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect China Healthwise Holdings Limited to open at HK$0.0613, and during the day (based on 14 day Average True Range), to move between HK$0.0556 and HK$0.0724, which gives a possible trading interval of +/-HK$0.0084 (+/-13.10%) 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 26.21% 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$0.0630 (1.56%) than the resistance at HK$0.0660 (3.13%), 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?
China Healthwise Holdings Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.680 Sell Candidate Unchanged
Predicted Opening Price for China Healthwise Holdings Limited of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$0.0613 ( 4.17%) | HK$0.0640 |
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 | 0.0713 | 11.46% |
| R2 | 0.0675 | 5.49% |
| R1 | 0.0652 | 1.80% |
| Price | 0.0640 | |
| S1 | 0.0575 | -10.14% |
| S2 | 0.0552 | -13.82% |
| S3 | 0.0513 | -19.79% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0730 | 14.06% |
| R2 | 0.0700 | 9.38% |
| R1 | 0.0660 | 3.13% |
| Price | 0.0640 | |
| S1 | 0.0630 | -1.56% |
| S2 | 0.0600 | -6.25% |
| S3 | 0.0520 | -18.75% |
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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