Sino Golf Holdings Limited Stock Forecast
Sino Golf Holdings Limited stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Sino Golf Holdings Limited stock price gained 2.13% on the last trading day (Friday, 28th Jun 2024), rising from HK$0.0470 to HK$0.0480. During the last trading day the stock fluctuated 0% from a day low at HK$0.0480 to a day high of HK$0.0480. The price has been going up and down for this period, and there has been a -2.04% loss for the last 2 weeks.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 28.49% during the next 3 months and, with a 90% probability hold a price between HK$0.0555 and HK$0.0652 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0361.HK Signals & Forecast
The Sino Golf 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$0.0471 and HK$0.0442. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -2.04%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Sino Golf Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0420 and HK$0.0400. 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, Sino Golf Holdings Limited finds support just below today's level at HK$0.0420. If this is broken, then the next support from accumulated volume will be at HK$0.0400 and HK$0.0390.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "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 2.63%.
Our recommended stop-loss: HK$0.0463 (-3.55%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (0361.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Sino Golf Holdings Limited to open at HK$0.0480, and during the day (based on 14 day Average True Range), to move between HK$0.0456 and HK$0.0504, which gives a possible trading interval of +/-HK$0.0024 (+/-4.98%) up or down from last closing price. If Sino Golf Holdings Limited takes out the full calculated possible swing range there will be an estimated 9.96% 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$0.0490 (2.08%) than the support at HK$0.0420 (12.50%), 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 Sino Golf Holdings Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sino Golf Holdings Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.471 Buy Candidate Upgraded
Predicted Opening Price for Sino Golf Holdings Limited of Tuesday, July 2, 2024
Fair opening price July 2, 2024 | Current price |
---|---|
HK$0.0480 ( 0.00000000%) | HK$0.0480 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0361.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0480 | 0.00000000% |
R2 | 0.0480 | 0.00000000% |
R1 | 0.0480 | 0.00000000% |
Price | 0.0480 | |
S1 | 0.0480 | 0.00000000% |
S2 | 0.0480 | 0.00000000% |
S3 | 0.0480 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0.0490 | 2.08% |
Price | 0.0480 | |
S1 | 0.0420 | -12.50% |
S2 | 0.0400 | -16.67% |
S3 | 0.0390 | -18.75% |
0361 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Oct 14, 2008 | Oct 14, 2008 | Oct 14, 2008 | HK$0.0029 | 3.75% |
2 | May 23, 2008 | May 23, 2008 | May 23, 2008 | HK$0.0049 | 4.03% |
3 | Oct 15, 2007 | Oct 15, 2007 | Oct 15, 2007 | HK$0.0039 | 2.67% |
4 | May 21, 2007 | May 21, 2007 | May 21, 2007 | HK$0.0043 | 2.42% |
5 | Oct 09, 2006 | Oct 09, 2006 | Oct 09, 2006 | HK$0.0064 | 3.93% |
FAQ
Click here for our free guide on how to buy Sino Golf Holdings Limited Stock.