Vietnam Manufacturing and Export Stock Forecast
Red day on Friday for Vietnam Manufacturing and Export
(Updated on Jun 14, 2024)
No changes to the price of Vietnam Manufacturing and Export stock on the last trading day (Friday, 14th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.540 to a day high of HK$0.540. The price has been going up and down for this period, and there has been a -1.82% loss for the last 2 weeks.
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 -29.63% during the next 3 months and, with a 90% probability hold a price between HK$0.367 and HK$0.414 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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0422.HK Signals & Forecast
There are mixed signals in the stock today. 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$0.540 and HK$0.603. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 1.89%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Vietnam Manufacturing and Export stock
Vietnam Manufacturing and Export finds support from accumulated volume at HK$0.530 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 (0%) between high and low. For the last week, the stock has had daily average volatility of 0.755%.
Vietnam Manufacturing and Export is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
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 17th
For the upcoming trading day on Monday, 17th we expect Vietnam Manufacturing and Export Processing (Holdings) Limited to open at HK$0.540, and during the day (based on 14 day Average True Range), to move between HK$0.528 and HK$0.552, which gives a possible trading interval of +/-HK$0.0122 (+/-2.26%) 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 4.52% 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$0.550 (1.85%) than the support at HK$0.530 (1.85%), 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 Vietnam Manufacturing and Export Processing (Holdings) Limited stock A Buy?
Vietnam Manufacturing and Export holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.855 Sell Candidate Unchanged
Predicted Opening Price for Vietnam Manufacturing and Export Processing (Holdings) Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| HK$0.540 ( 0%) | 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 | |
|---|---|---|
| R3 | 0.540 | - |
| R2 | 0.540 | - |
| R1 | 0.540 | - |
| Price | 0.540 | |
| S1 | 0.540 | - |
| S2 | 0.540 | - |
| S3 | 0.540 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.670 | 24.07% |
| R2 | 0.560 | 3.70% |
| R1 | 0.550 | 1.85% |
| Price | 0.540 | |
| S1 | 0.530 | -1.85% |
| 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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