Hing Lee Stock Forecast
Green day on Thursday for Hing Lee
(Updated on Jul 04, 2024)
The Hing Lee stock price gained 4.03% on the last trading day (Thursday, 4th Jul 2024), rising from HK$0.124 to HK$0.129. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0% from a day low at HK$0.129 to a day high of HK$0.129. The price has risen in 5 of the last 10 days and is up by 4.03% over the past 2 weeks. Volume fell on the last day by -258 thousand shares and in total, 4 thousand shares were bought and sold for approximately HK$516.00 . 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 very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.121 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 55.54% during the next 3 months and, with a 90% probability hold a price between HK$0.189 and HK$0.338 at the end of this 3-month period.
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0396.HK Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -27.12%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The Hing Lee 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$0.121 and HK$0.0885. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Hing Lee stock
Hing Lee finds support from accumulated volume at HK$0.124 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very 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 7.40%.
Our recommended stop-loss: HK$0.122 (-5.20%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (0396.HK) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Hing Lee to open at HK$0.129, and during the day (based on 14 day Average True Range), to move between HK$0.114 and HK$0.144, which gives a possible trading interval of +/-HK$0.0145 (+/-11.27%) up or down from last closing price. If Hing Lee takes out the full calculated possible swing range there will be an estimated 22.54% 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$0.124 (3.88%) than the resistance at HK$0.135 (4.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hing Lee 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 Hing Lee stock to perform well in the short-term.
Current score: 2.987 Buy Candidate Unchanged
Predicted Opening Price for Hing Lee of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| HK$0.129 ( 0%) | HK$0.129 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0396.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.129 | - |
| R2 | 0.129 | - |
| R1 | 0.129 | - |
| Price | 0.129 | |
| S1 | 0.129 | - |
| S2 | 0.129 | - |
| S3 | 0.129 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0.143 | 10.85% |
| R1 | 0.135 | 4.65% |
| Price | 0.129 | |
| S1 | 0.124 | -3.88% |
| S2 | 0.118 | -8.53% |
| S3 | 0.117 | -9.30% |
0396 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 09, 2015 | Sep 09, 2015 | Sep 09, 2015 | HK$0.0047 | 1.29% |
| 2 | May 19, 2015 | May 19, 2015 | May 19, 2015 | HK$0.0056 | 0.98% |
| 3 | Sep 08, 2014 | Sep 08, 2014 | Sep 08, 2014 | HK$0.0103 | 1.62% |
| 4 | May 15, 2012 | May 15, 2012 | May 15, 2012 | HK$0.0065 | 1.74% |
| 5 | Aug 26, 2011 | Aug 26, 2011 | Aug 26, 2011 | HK$0.0077 | 1.59% |
FAQ
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