Edvantage Group Holdings Limited Stock Forecast

Edvantage Group Holdings Limited stock price down 1.20% on Tuesday
(Updated on Apr 30, 2024)

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 6.01%. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$2.48. On a fall, the stock will find some support from the short-term average at HK$2.42. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 Edvantage Group Holdings Limited stock

Edvantage Group Holdings Limited finds support from accumulated volume at HK$2.44 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.0700 (2.86%) between high and low. For the last week, the stock has had daily average volatility of 4.44%.

Our recommended stop-loss: HK$2.35 (-4.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (0382.HK) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Edvantage Group Holdings Limited to open at HK$2.48, and during the day (based on 14 day Average True Range), to move between HK$2.38 and HK$2.56, which gives a possible trading interval of +/-HK$0.0879 (+/-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 7.12% 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$2.44 (1.21%) than the resistance at HK$2.62 (6.07%), 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?

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 Edvantage Group Holdings Limited stock to perform well in the short-term.

Current score: 1.928 Buy Candidate Unchanged

Predicted Opening Price for Edvantage Group Holdings Limited of Thursday, May 2, 2024

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