Vietnam Manufacturing and Export Stock Forecast
Vietnam Manufacturing and Export stock price down 1.82% on Friday
(Updated on May 17, 2024)
The Vietnam Manufacturing and Export stock price fell by -1.82% on the last day (Friday, 17th May 2024) from HK$0.550 to HK$0.540. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.70% from a day low at HK$0.540 to a day high of HK$0.560. The price has fallen in 5 of the last 10 days and is down by -21.74% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -136 thousand shares and in total, 83 thousand shares were bought and sold for approximately HK$44.82 thousand.
Given the current short-term trend, the stock is expected to fall -20.82% during the next 3 months and, with a 90% probability hold a price between HK$0.428 and HK$0.552 at the end of this 3-month period.
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0422.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Vietnam Manufacturing and Export 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$0.623 and HK$0.688. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -36.47%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Vietnam Manufacturing and Export stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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$0.0200 between high and low, or 3.70%. For the last week the stock has had daily average volatility of 4.72%.
Vietnam Manufacturing and Export is oversold on RSI14 (14). 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 (0422.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Vietnam Manufacturing and Export Processing (Holdings) Limited to open at HK$0.547, and during the day (based on 14 day Average True Range), to move between HK$0.514 and HK$0.566, which gives a possible trading interval of +/-HK$0.0256 (+/-4.74%) up or down from last closing price. If Vietnam Manufacturing and Export Processing (Holdings) Limited takes out the full calculated possible swing range there will be an estimated 9.47% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.550, some HK$0.0100 (1.85%) from the current price of HK$0.540, our system finds the risk reward not very attractive.
Is Vietnam Manufacturing and Export Processing (Holdings) Limited stock A Buy?
Vietnam Manufacturing and Export 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.
Current score: -8.125 Strong Sell Candidate Unchanged
Predicted Opening Price for Vietnam Manufacturing and Export Processing (Holdings) Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$0.547 ( 1.23%) | HK$0.540 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0422.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.567 | 4.94 % | |
| R2 | 0.559 | 3.52 % | ||
| R1 | 0.554 | 2.65 % | ||
| Current price: | 0.540 | |||
| Support | S1 | 0.539 | -0.180 % | |
| S2 | 0.534 | -1.05 % | ||
| S3 | 0.527 | -2.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.670 | 24.07 % | |
| R2 | 0.560 | 3.70 % | ||
| R1 | 0.550 | 1.85 % | ||
| Current price | 0.540 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
0422 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 29, 2012 | Jun 29, 2012 | Jun 29, 2012 | HK$0.0400 | 4.49% |
| 2 | Apr 22, 2010 | Apr 22, 2010 | Apr 22, 2010 | HK$0.0220 | 0.96% |
| 3 | Nov 13, 2009 | Nov 13, 2009 | Nov 13, 2009 | HK$0.0219 | 1.35% |
| 4 | May 04, 2009 | May 04, 2009 | May 04, 2009 | HK$0.0026 | 0.433% |
| 5 | May 26, 2008 | May 26, 2008 | May 26, 2008 | HK$0.0218 | 0.94% |
FAQ
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