Kiu Hung International Holdings Limited Stock Forecast

Volatile ride for Kiu Hung International Holdings Limited stock price on Monday moving between HK$0.131 and HK$0.156
(Updated on May 06, 2024)

0381.HK Signals & Forecast

The Kiu Hung International Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$0.134 and HK$0.136. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has risen 15.75%. 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). Kiu Hung International 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. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for Kiu Hung International Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.134 and HK$0.131. 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, Kiu Hung International Holdings Limited finds support just below today's level at HK$0.134. If this is broken, then the next support from accumulated volume will be at HK$0.131 and HK$0.130.

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$0.0250 between high and low, or 19.08%. For the last week, the stock has had daily average volatility of 8.34%.

Our recommended stop-loss: HK$0.140 (-4.64%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (0381.HK) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Kiu Hung International Holdings Limited to open at HK$0.145, and during the day (based on 14 day Average True Range), to move between HK$0.138 and HK$0.156, which gives a possible trading interval of +/-HK$0.0093 (+/-6.33%) up or down from last closing price. If Kiu Hung International Holdings Limited takes out the full calculated possible swing range there will be an estimated 12.67% 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$0.149 (1.36%) than the support at HK$0.134 (8.84%), 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 Kiu Hung International Holdings Limited stock A Buy?

Kiu Hung International Holdings Limited 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 Kiu Hung International Holdings Limited of Tuesday, May 7, 2024

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