KuangChi Science Limited Stock Forecast

KuangChi Science Limited stock price ended at HK$0.680 on Friday, after gaining 3.03%.
(Updated on May 10, 2024)

0439.HK Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). KuangChi Science 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The KuangChi Science Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.709. On a fall, the stock will find some support from the short-term average at HK$0.670. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -19.05%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for KuangChi Science Limited stock

KuangChi Science Limited finds support from accumulated volume at HK$0.670 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$0.0400 between high and low, or 6.06%. For the last week, the stock has had daily average volatility of 5.46%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (0439.HK) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect KuangChi Science Limited to open at HK$0.680, and during the day (based on 14 day Average True Range), to move between HK$0.631 and HK$0.729, which gives a possible trading interval of +/-HK$0.0490 (+/-7.21%) up or down from last closing price. If KuangChi Science Limited takes out the full calculated possible swing range there will be an estimated 14.42% 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$0.690 (1.47%) than the support at HK$0.670 (1.47%), 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 KuangChi Science Limited stock A Buy?

KuangChi Science Limited 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: -2.064 Sell Candidate Unchanged

Predicted Opening Price for KuangChi Science Limited of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.