Yuexiu Real Estate Investment Trust Stock Forecast
Yuexiu Real Estate Investment Trust stock upgraded from Strong Sell Candidate to Sell Candidate after Monday trading session.
(Updated on Apr 22, 2024)
The Yuexiu Real Estate Investment Trust stock price gained 3.70% on the last trading day (Monday, 22nd Apr 2024), rising from HK$0.81 to HK$0.84. During the last trading day the stock fluctuated 7.41% from a day low at HK$0.81 to a day high of HK$0.87. The price has fallen in 7 of the last 10 days and is down by -15.15% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately HK$7.79 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.81 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.32% during the next 3 months and, with a 90% probability hold a price between HK$0.683 and HK$0.85 at the end of this 3-month period.
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0405.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.70%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Yuexiu Real Estate Investment Trust 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$0.86 and HK$0.99. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Yuexiu Real Estate Investment Trust stock
Yuexiu Real Estate Investment Trust finds support from accumulated volume at HK$0.83 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0600 between high and low, or 7.41%. For the last week, the stock has had daily average volatility of 4.65%.
Yuexiu Real Estate Investment Trust is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0405.HK) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Yuexiu Real Estate Investment Trust to open at HK$0.84, and during the day (based on 14 day Average True Range), to move between HK$0.81 and HK$0.87, which gives a possible trading interval of +/-HK$0.0317 (+/-3.77%) up or down from last closing price. If Yuexiu Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 7.54% 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$0.85 (1.19%) than the support at HK$0.83 (1.19%), 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 Yuexiu Real Estate Investment Trust stock A Buy?
Yuexiu Real Estate Investment Trust holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.661 Sell Candidate Upgraded
Predicted Opening Price for Yuexiu Real Estate Investment Trust of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| HK$0.84 ( 0%) | HK$0.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0405.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.90 | 7.14 % | |
| R2 | 0.88 | 4.41 % | ||
| R1 | 0.86 | 2.73 % | ||
| Current price: | 0.84 | |||
| Support | S1 | 0.82 | -2.73 % | |
| S2 | 0.80 | -4.41 % | ||
| S3 | 0.780 | -7.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.04 | 23.81 % | |
| R2 | 1.01 | 20.24 % | ||
| R1 | 0.85 | 1.19 % | ||
| Current price | 0.84 | |||
| Support | S1 | 0.83 | -1.19% | |
| S2 | 0.82 | -2.38% | ||
| S3 | 0.81 | -3.57% |
0405 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 09, 2024 | Apr 09, 2024 | May 24, 2024 | HK$0.0334 | 3.93% |
| 2 | Apr 11, 2023 | Apr 11, 2023 | Apr 11, 2023 | HK$0.0448 | 2.27% |
| 3 | Sep 13, 2022 | Sep 13, 2022 | Sep 13, 2022 | HK$0.0847 | 3.60% |
| 4 | Apr 11, 2022 | Apr 11, 2022 | Apr 11, 2022 | HK$0.121 | 3.73% |
| 5 | Dec 08, 2021 | Dec 08, 2021 | Dec 08, 2021 | HK$0.0308 | 0.94% |
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