Starlite Holdings Limited Stock Forecast
Green day on Wednesday for Starlite Holdings Limited stock after gaining 2.02%
(Updated on Jul 03, 2024)
The Starlite Holdings Limited stock price gained 2.02% on the last trading day (Wednesday, 3rd Jul 2024), rising from HK$0.198 to HK$0.202. 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 4.50% from a day low at HK$0.200 to a day high of HK$0.209. The price has risen in 6 of the last 10 days and is up by 5.21% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 136 thousand more shares were traded than the day before. In total, 168 thousand shares were bought and sold for approximately HK$33.94 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.69% during the next 3 months and, with a 90% probability hold a price between HK$0.177 and HK$0.203 at the end of this 3-month period.
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0403.HK Signals & Forecast
The Starlite 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$0.190 and HK$0.191. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 9.78%. Further rise is indicated until a new top pivot has been found. Starlite 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Starlite Holdings Limited stock
Starlite Holdings Limited finds support from accumulated volume at HK$0.195 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$0.0090 between high and low, or 4.50%. For the last week, the stock has had daily average volatility of 5.72%.
Our recommended stop-loss: HK$0.195 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (0403.HK) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Starlite Holdings Limited to open at HK$0.204, and during the day (based on 14 day Average True Range), to move between HK$0.192 and HK$0.212, which gives a possible trading interval of +/-HK$0.0103 (+/-5.12%) up or down from last closing price. If Starlite Holdings Limited takes out the full calculated possible swing range there will be an estimated 10.24% 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$0.203 (0.50%) than the support at HK$0.195 (3.47%), 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 Starlite Holdings Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.149 Buy Candidate Unchanged
Predicted Opening Price for Starlite Holdings Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| HK$0.204 ( 0.83%) | HK$0.202 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0403.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.213 | 5.28% |
| R2 | 0.209 | 3.58% |
| R1 | 0.207 | 2.53% |
| Price | 0.202 | |
| S1 | 0.200 | -0.88% |
| S2 | 0.198 | -1.93% |
| S3 | 0.195 | -3.63% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.210 | 3.96% |
| R2 | 0.205 | 1.49% |
| R1 | 0.203 | 0.495% |
| Price | 0.202 | |
| S1 | 0.195 | -3.47% |
| S2 | 0.192 | -4.95% |
| S3 | 0.185 | -8.42% |
0403 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2024 | Aug 29, 2024 | Oct 18, 2024 | HK$0.0150 | 7.43% |
| 2 | Jan 05, 2024 | Jan 05, 2024 | Feb 21, 2024 | HK$0.0100 | 4.88% |
| 3 | Jan 06, 2023 | Jan 06, 2023 | Jan 06, 2023 | HK$0.0100 | 4.31% |
| 4 | Dec 16, 2021 | Dec 16, 2021 | Dec 16, 2021 | HK$0.100 | 30.77% |
| 5 | Aug 28, 2020 | Aug 28, 2020 | Aug 28, 2020 | HK$0.0500 | 14.71% |
FAQ
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