Greatview Aseptic Packaging Co Ltd Stock Forecast
Greatview Aseptic Packaging Co Ltd stock price down 1.24% on Wednesday
(Updated on Jul 03, 2024)
The Greatview Aseptic Packaging Co Ltd stock price fell by -1.24% on the last day (Wednesday, 3rd Jul 2024) from HK$2.42 to HK$2.39. During the last trading day the stock fluctuated 2.99% from a day low at HK$2.34 to a day high of HK$2.41. The price has fallen in 4 of the last 10 days and is down by -2.05% 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 -4 million shares and in total, 720 thousand shares were bought and sold for approximately HK$1.72 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$2.33 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.59% during the next 3 months and, with a 90% probability hold a price between HK$2.74 and HK$3.25 at the end of this 3-month period.
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0468.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 Greatview Aseptic Packaging Co Ltd 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$2.41 and HK$2.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -6.27%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Greatview Aseptic Packaging Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$2.18 and HK$2.17. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Greatview Aseptic Packaging Co Ltd finds support just below today's level at HK$2.18. If this is broken, then the next support from accumulated volume will be at HK$2.17 and HK$2.12.
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$0.0700 between high and low, or 2.99%. For the last week the stock has had daily average volatility of 1.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0468.HK) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Greatview Aseptic Packaging Company Limited to open at HK$2.38, and during the day (based on 14 day Average True Range), to move between HK$2.34 and HK$2.44, which gives a possible trading interval of +/-HK$0.0462 (+/-1.93%) up or down from last closing price. If Greatview Aseptic Packaging Company Limited takes out the full calculated possible swing range there will be an estimated 3.86% 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$2.49 (4.18%) than the support at HK$2.18 (8.79%), 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 Greatview Aseptic Packaging Company Limited stock A Buy?
The Greatview Aseptic Packaging Co Ltd stock holds several negative signals and despite the positive trend, we believe Greatview Aseptic Packaging Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.449 Sell Candidate Unchanged
Predicted Opening Price for Greatview Aseptic Packaging Company Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| HK$2.38 ( 0.418%) | HK$2.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0468.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.45 | 2.51% |
| R2 | 2.42 | 1.39% |
| R1 | 2.41 | 0.700% |
| Price | 2.39 | |
| S1 | 2.35 | -1.54% |
| S2 | 2.34 | -2.23% |
| S3 | 2.31 | -3.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.53 | 5.86% |
| R2 | 2.50 | 4.60% |
| R1 | 2.49 | 4.18% |
| Price | 2.39 | |
| S1 | 2.18 | -8.79% |
| S2 | 2.17 | -9.21% |
| S3 | 2.12 | -11.30% |
0468 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 03, 2024 | Jul 03, 2024 | Jul 26, 2024 | HK$0.100 | 4.18% |
| 2 | Sep 16, 2021 | Sep 16, 2021 | Sep 16, 2021 | HK$0.120 | 4.00% |
| 3 | Jun 07, 2021 | Jun 07, 2021 | Jun 07, 2021 | HK$0.140 | 3.73% |
| 4 | Sep 16, 2020 | Sep 16, 2020 | Sep 16, 2020 | HK$0.130 | 4.14% |
| 5 | Jun 08, 2020 | Jun 08, 2020 | Jun 08, 2020 | HK$0.140 | 5.28% |
FAQ
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