Hao Tian Development Group Limited Stock Forecast
Volatile ride for Hao Tian Development Group Limited stock price on Friday moving between HK$0.133 and HK$0.147
(Updated on May 17, 2024)
The Hao Tian Development Group Limited stock price gained 4.29% on the last trading day (Friday, 17th May 2024), rising from HK$0.140 to HK$0.146. During the last trading day the stock fluctuated 10.53% from a day low at HK$0.133 to a day high of HK$0.147. The price has fallen in 4 of the last 10 days and is down by -5.81% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately HK$389.06 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.140 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.36% during the next 3 months and, with a 90% probability hold a price between HK$0.131 and HK$0.165 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0474.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 4.29%. Further rise is indicated until a new top pivot has been found. Hao Tian Development Group 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 Hao Tian Development Group Limited 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$0.148 and HK$0.155. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Hao Tian Development Group Limited stock
Hao Tian Development Group Limited finds support from accumulated volume at HK$0.145 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$0.0140 between high and low, or 10.53%. For the last week, the stock has had daily average volatility of 7.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0474.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Hao Tian Development Group Limited to open at HK$0.142, and during the day (based on 14 day Average True Range), to move between HK$0.138 and HK$0.154, which gives a possible trading interval of +/-HK$0.0077 (+/-5.27%) up or down from last closing price. If Hao Tian Development Group Limited takes out the full calculated possible swing range there will be an estimated 10.55% 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$0.145 (0.68%) than the resistance at HK$0.153 (4.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hao Tian Development Group Limited stock A Buy?
Hao Tian Development Group Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.651 Sell Candidate Unchanged
Predicted Opening Price for Hao Tian Development Group Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$0.142 ( 2.74%) | HK$0.146 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0474.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.156 | 6.85 % | |
| R2 | 0.151 | 3.19 % | ||
| R1 | 0.147 | 0.92 % | ||
| Current price: | 0.146 | |||
| Support | S1 | 0.137 | -6.40 % | |
| S2 | 0.133 | -8.67 % | ||
| S3 | 0.128 | -12.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.168 | 15.07 % | |
| R2 | 0.155 | 6.16 % | ||
| R1 | 0.153 | 4.79 % | ||
| Current price | 0.146 | |||
| Support | S1 | 0.145 | -0.685% | |
| S2 | 0.140 | -4.11% | ||
| S3 | 0 | . |
0474 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 14, 2009 | Aug 14, 2009 | Aug 14, 2009 | HK$0.0600 | 1.20% |
| 2 | Aug 21, 2008 | Aug 21, 2008 | Aug 21, 2008 | HK$0.125 | 4.24% |
| 3 | Aug 17, 2007 | Aug 17, 2007 | Aug 17, 2007 | HK$0.125 | 3.85% |
| 4 | Aug 14, 2006 | Aug 14, 2006 | Aug 14, 2006 | HK$0.125 | 7.14% |
FAQ
Click here for our free guide on how to buy Hao Tian Development Group Limited Stock.
