New Focus Auto Tech Holdings Limited Stock Forecast
Big movements in New Focus Auto Tech Holdings Limited stock price on Friday moving 19.78% between high and low
(Updated on Jun 28, 2024)
The New Focus Auto Tech Holdings Limited stock price fell by -4.95% on the last day (Friday, 28th Jun 2024) from HK$0.101 to HK$0.0960. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 19.78% from a day low at HK$0.0910 to a day high of HK$0.109. The price has fallen in 5 of the last 10 days but is still up by 3.23% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -23 million shares and in total, 69 million shares were bought and sold for approximately HK$6.63 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$0.101 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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0360.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 New Focus Auto Tech 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$0.108 and HK$0.113. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -21.95%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for New Focus Auto Tech Holdings Limited stock
New Focus Auto Tech Holdings Limited finds support from accumulated volume at HK$0.0950 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$0.0180 between high and low, or 19.78%. For the last week, the stock has had daily average volatility of 14.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0360.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect New Focus Auto Tech Holdings Limited to open at HK$0.0987, and during the day (based on 14 day Average True Range), to move between HK$0.0775 and HK$0.114, which gives a possible trading interval of +/-HK$0.0185 (+/-19.26%) up or down from last closing price. If New Focus Auto Tech Holdings Limited takes out the full calculated possible swing range there will be an estimated 38.53% 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$0.0970 (1.04%) than the support at HK$0.0950 (1.04%), 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 New Focus Auto Tech Holdings Limited stock A Buy?
New Focus Auto Tech 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: -5.833 Strong Sell Candidate Unchanged
Predicted Opening Price for New Focus Auto Tech Holdings Limited of Tuesday, July 2, 2024
| Fair opening price July 2, 2024 | Current price |
|---|---|
| HK$0.0987 ( 2.78%) | HK$0.0960 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0360.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.117 | 21.53% |
| R2 | 0.110 | 14.37% |
| R1 | 0.106 | 9.94% |
| Price | 0.0960 | |
| S1 | 0.0918 | -4.38% |
| S2 | 0.0875 | -8.81% |
| S3 | 0.0807 | -15.97% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.108 | 12.50% |
| R2 | 0.101 | 5.21% |
| R1 | 0.0970 | 1.04% |
| Price | 0.0960 | |
| S1 | 0.0950 | -1.04% |
| S2 | 0.0930 | -3.13% |
| S3 | 0.0760 | -20.83% |
0360 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 12, 2006 | May 12, 2006 | May 12, 2006 | HK$0.0800 | 3.14% |
| 2 | May 17, 2005 | May 17, 2005 | May 17, 2005 | HK$0.0780 | 8.04% |
FAQ
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