HKR International Limited Stock Forecast

Red day on Wednesday for HKR International Limited stock after losing 0.83%
(Updated on Jun 26, 2024)

0480.HK Signals & Forecast

There are few to no technical positive signals at the moment. The HKR International 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$1.28 and HK$1.30. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -10.45%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). HKR International 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".

Support, Risk & Stop-loss for HKR International Limited stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.0200 (1.69%) between high and low. For the last week, the stock has had daily average volatility of 2.73%.

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

Trading Expectations (0480.HK) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect HKR International Limited to open at HK$1.19, and during the day (based on 14 day Average True Range), to move between HK$1.15 and HK$1.25, which gives a possible trading interval of +/-HK$0.0529 (+/-4.40%) up or down from last closing price. If HKR International Limited takes out the full calculated possible swing range there will be an estimated 8.81% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ HK$1.29, some HK$0.0900 (7.50%) from the current price of HK$1.20, our system finds the risk reward not very attractive.

Is HKR International Limited stock A Buy?

The HKR International Limited stock holds several negative signals and despite the positive trend, we believe HKR International Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.666 Sell Candidate Unchanged

Predicted Opening Price for HKR International Limited of Thursday, June 27, 2024

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