Edvantage Group Holdings Limited Stock Forecast
Green day on Thursday for Edvantage Group Holdings Limited stock after gaining 0.85%
(Updated on Apr 18, 2024)
The Edvantage Group Holdings Limited stock price gained 0.85% on the last trading day (Thursday, 18th Apr 2024), rising from HK$2.36 to HK$2.38. During the last trading day the stock fluctuated 2.55% from a day low at HK$2.35 to a day high of HK$2.41. The price has risen in 4 of the last 10 days but is still down by -3.25% for this period. Volume fell on the last day by -93 thousand shares and in total, 175 thousand shares were bought and sold for approximately HK$417.20 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a 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$2.34 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 7.84% during the next 3 months and, with a 90% probability hold a price between HK$2.52 and HK$3.12 at the end of this 3-month period.
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0382.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.15%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Edvantage Group 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$2.40 and HK$2.54. A break-up above any of these levels will issue buy signals. 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 also not.
Support, Risk & Stop-loss for Edvantage Group Holdings Limited stock
Edvantage Group Holdings Limited finds support from accumulated volume at HK$2.37 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0600 between high and low, or 2.55%. For the last week the stock has had daily average volatility of 2.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0382.HK) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Edvantage Group Holdings Limited to open at HK$2.38, and during the day (based on 14 day Average True Range), to move between HK$2.30 and HK$2.46, which gives a possible trading interval of +/-HK$0.0846 (+/-3.56%) up or down from last closing price. If Edvantage Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 7.11% 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$2.37 (0.42%) than the resistance at HK$2.62 (10.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Edvantage Group Holdings Limited stock A Buy?
The Edvantage Group Holdings Limited stock holds several negative signals and despite the positive trend, we believe Edvantage Group Holdings Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.989 Sell Candidate Unchanged
Predicted Opening Price for Edvantage Group Holdings Limited of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| HK$2.38 ( 0%) | HK$2.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0382.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.44 | 2.52 % | |
| R2 | 2.42 | 1.56 % | ||
| R1 | 2.40 | 0.96 % | ||
| Current price: | 2.38 | |||
| Support | S1 | 2.36 | -0.96 % | |
| S2 | 2.34 | -1.56 % | ||
| S3 | 2.32 | -2.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.70 | 13.45 % | |
| R2 | 2.65 | 11.34 % | ||
| R1 | 2.62 | 10.08 % | ||
| Current price | 2.38 | |||
| Support | S1 | 2.37 | -0.420% | |
| S2 | 2.33 | -2.10% | ||
| S3 | 2.30 | -3.36% |
0382 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Mar 22, 2024 | HK$0 | 0% |
| 2 | May 10, 2023 | May 10, 2023 | May 10, 2023 | HK$0.0900 | 3.03% |
| 3 | Feb 02, 2023 | Feb 02, 2023 | Feb 02, 2023 | HK$0.0160 | 0.404% |
| 4 | May 12, 2022 | May 12, 2022 | May 12, 2022 | HK$0.0811 | 3.60% |
| 5 | Feb 07, 2022 | Feb 07, 2022 | Feb 07, 2022 | HK$0.0811 | 2.35% |
FAQ
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