Sunlight Real Estate Investment Trust Stock Forecast
Green day on Friday for Sunlight Real Estate Investment Trust stock after gaining 1.18%
(Updated on Jun 28, 2024)
The Sunlight Real Estate Investment Trust stock price gained 1.18% on the last trading day (Friday, 28th Jun 2024), rising from HK$1.69 to HK$1.71. During the last trading day the stock fluctuated 2.38% from a day low at HK$1.68 to a day high of HK$1.72. The price has risen in 6 of the last 10 days but is still down by -1.16% for this period. Volume fell on the last day by -693 thousand shares and in total, 274 thousand shares were bought and sold for approximately HK$468.54 thousand. 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 middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.23% during the next 3 months and, with a 90% probability hold a price between HK$1.80 and HK$2.23 at the end of this 3-month period.
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0435.HK Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sunlight 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$1.72 and HK$1.79. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -11.40%. Further fall is indicated until a new bottom pivot has been found. 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 also not.
Support, Risk & Stop-loss for Sunlight Real Estate Investment Trust stock
Sunlight Real Estate Investment Trust finds support from accumulated volume at HK$1.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved HK$0.0400 between high and low, or 2.38%. For the last week the stock has had daily average volatility of 2.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0435.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Sunlight Real Estate Investment Trust to open at HK$1.70, and during the day (based on 14 day Average True Range), to move between HK$1.66 and HK$1.76, which gives a possible trading interval of +/-HK$0.0460 (+/-2.69%) up or down from last closing price. If Sunlight Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 5.38% 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$1.69 (1.17%) than the resistance at HK$1.75 (2.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sunlight Real Estate Investment Trust stock A Buy?
The Sunlight Real Estate Investment Trust stock holds several negative signals and despite the positive trend, we believe Sunlight Real Estate Investment Trust will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.417 Sell Candidate Unchanged
Predicted Opening Price for Sunlight Real Estate Investment Trust of Tuesday, July 2, 2024
Fair opening price July 2, 2024 | Current price |
---|---|
HK$1.70 ( 0.390%) | HK$1.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0435.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.74 | 1.95% |
R2 | 1.73 | 1.06% |
R1 | 1.72 | 0.504% |
Price | 1.71 | |
S1 | 1.69 | -1.28% |
S2 | 1.68 | -1.84% |
S3 | 1.66 | -2.73% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.83 | 7.02% |
R2 | 1.79 | 4.68% |
R1 | 1.75 | 2.34% |
Price | 1.71 | |
S1 | 1.69 | -1.17% |
S2 | 1.64 | -4.09% |
S3 | 1.60 | -6.43% |
0435 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 13, 2024 | Mar 13, 2024 | Mar 27, 2024 | HK$0.0900 | 5.52% |
2 | Sep 21, 2023 | Sep 21, 2023 | Oct 10, 2023 | HK$0.110 | 4.64% |
3 | Mar 02, 2023 | Mar 02, 2023 | Mar 02, 2023 | HK$0.110 | 3.20% |
4 | Sep 22, 2022 | Sep 22, 2022 | Sep 22, 2022 | HK$0.128 | 3.71% |
5 | Mar 02, 2022 | Mar 02, 2022 | Mar 02, 2022 | HK$0.122 | 3.20% |
FAQ
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