Hung Hing Printing Group Limited Stock Forecast

Hung Hing Printing Group Limited stock price down 0.83% on Friday
(Updated on May 17, 2024)

0450.HK Signals & Forecast

The Hung Hing Printing Group Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$1.19 and HK$1.18. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -0.83%. Further fall is indicated until a new bottom pivot has been found. Hung Hing Printing Group Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Hung Hing Printing Group Limited stock

Hung Hing Printing Group Limited finds support from accumulated volume at HK$1.18 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.36%.

Our recommended stop-loss: HK$1.15 (-3.20%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (0450.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Hung Hing Printing Group Limited to open at HK$1.19, and during the day (based on 14 day Average True Range), to move between HK$1.17 and HK$1.21, which gives a possible trading interval of +/-HK$0.0195 (+/-1.64%) up or down from last closing price. If Hung Hing Printing Group Limited takes out the full calculated possible swing range there will be an estimated 3.28% 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$1.20 (0.84%) than the support at HK$1.18 (0.84%), 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 Hung Hing Printing Group Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Hung Hing Printing Group Limited stock to perform well in the short-term.

Current score: 1.883 Buy Candidate Unchanged

Predicted Opening Price for Hung Hing Printing Group Limited of Monday, May 20, 2024

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