Emperor Culture Group Limited Stock Forecast
Red day on Friday for Emperor Culture Group Limited stock after losing 0%
(Updated on May 17, 2024)
No changes to the price of Emperor Culture Group Limited stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.0350 to a day high of HK$0.0350. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$0.0359 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -23.19% during the next 3 months and, with a 90% probability hold a price between HK$0.0218 and HK$0.0276 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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0491.HK Signals & Forecast
The Emperor Culture 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$0.0339 and HK$0.0335. 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%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Emperor Culture Group Limited stock
Emperor Culture Group Limited finds support from accumulated volume at HK$0.0340 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, but be aware of low or falling volume as this increases the risk. 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 3.66%.
Our recommended stop-loss: HK$0.0337 (-3.66%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (0491.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Emperor Culture Group Limited to open at HK$0.0350, and during the day (based on 14 day Average True Range), to move between HK$0.0336 and HK$0.0364, which gives a possible trading interval of +/-HK$0.0014 (+/-3.96%) up or down from last closing price. If Emperor Culture Group Limited takes out the full calculated possible swing range there will be an estimated 7.92% 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$0.0340 (2.86%) than the resistance at HK$0.0380 (8.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Emperor Culture Group Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.838 Buy Candidate Unchanged
Predicted Opening Price for Emperor Culture Group Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$0.0350 ( 0%) | HK$0.0350 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0491.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0350 | . | |
| R2 | 0.0350 | . | ||
| R1 | 0.0350 | . | ||
| Current price: | 0.0350 | |||
| Support | S1 | 0.0350 | . | |
| S2 | 0.0350 | . | ||
| S3 | 0.0350 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0420 | 20.00 % | |
| R2 | 0.0400 | 14.29 % | ||
| R1 | 0.0380 | 8.57 % | ||
| Current price | 0.0350 | |||
| Support | S1 | 0.0340 | -2.86% | |
| S2 | 0.0330 | -5.71% | ||
| S3 | 0.0320 | -8.57% |
FAQ
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