PT International Development Corp Ltd Stock Forecast

Volatile ride for PT International Development Corp Ltd stock price on Thursday moving between HK$0.0420 and HK$0.0500
(Updated on Jun 20, 2024)

0372.HK Signals & Forecast

There are mixed signals in the stock today. The PT International Development Corp Ltd 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$0.0520 and HK$0.0571. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 2.04%. 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). PT International Development Corp Ltd 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.

Support, Risk & Stop-loss for PT International Development Corp Ltd stock

PT International Development Corp Ltd finds support from accumulated volume at HK$0.0490 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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$0.0080 between high and low, or 19.05%. For the last week, the stock has had daily average volatility of 9.22%.

Our recommended stop-loss: HK$0.0473 (-5.44%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 45 days ago.)

Trading Expectations (0372.HK) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect PT International Development Corporation Limited to open at HK$0.0473, and during the day (based on 14 day Average True Range), to move between HK$0.0471 and HK$0.0529, which gives a possible trading interval of +/-HK$0.0029 (+/-5.82%) up or down from last closing price. If PT International Development Corporation Limited takes out the full calculated possible swing range there will be an estimated 11.64% 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$0.0490 (2.00%) than the resistance at HK$0.0560 (12.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is PT International Development Corporation Limited stock A Buy?

PT International Development Corp Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for PT International Development Corporation Limited of Friday, June 21, 2024

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