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AI Analysis of 0498.HK
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PYI Corporation Limited stock price took a fall of -13.04% on Wednesday
(Updated on Jun 26, 2024)

Sell candidate since Jun 25, 2024 Loss -13.04% PDF

The PYI Corporation Limited stock price fell by -13.04% on the last day (Wednesday, 26th Jun 2024) from HK$0.138 to HK$0.120. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.83% from a day low at HK$0.120 to a day high of HK$0.127. The price has been going up and down for this period, and there has been a -25% loss for the last 2 weeks. Volume has increased on the last day by 101 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 111 thousand shares were bought and sold for approximately HK$13.34 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -31.50% during the next 3 months and, with a 90% probability hold a price between HK$0.0742 and HK$0.102 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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0498.HK Signals & Forecast

There are few to no technical positive signals at the moment. The PYI Corporation 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$0.149 and HK$0.159. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 27, 2024, and so far it has fallen -30.64%. 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). PYI Corporation 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 PYI Corporation 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 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$0.0070 between high and low, or 5.83%. For the last week, the stock has had daily average volatility of 2.57%.

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

Trading Expectations (0498.HK) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect PYI Corporation Limited to open at HK$0.122, and during the day (based on 14 day Average True Range), to move between HK$0.115 and HK$0.125, which gives a possible trading interval of +/-HK$0.0048 (+/-4.01%) up or down from last closing price. If PYI Corporation Limited takes out the full calculated possible swing range there will be an estimated 8.02% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ HK$0.138, some HK$0.0180 (15.00%) from the current price of HK$0.120, our system finds the risk reward not very attractive.

Is PYI Corporation Limited stock A Buy?

PYI Corporation 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -6.554 Strong Sell Candidate Downgraded

Predicted Opening Price for PYI Corporation Limited of Thursday, June 27, 2024

Fair opening price June 27, 2024 Current price
HK$0.122 ( 1.94%) HK$0.120

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

Trading levels for 0498.HK

Fibonacci Support & Resistance Levels

Level Price
R3 0.129 7.78%
R2 0.127 5.55%
R1 0.125 4.17%
Price 0.120
S1 0.120 -0.284%
S2 0.118 -1.66%
S3 0.115 -3.89%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0.143 19.17%
R1 0.138 15.00%
Price 0.120
S1 0 -
S2 0 -
S3 0 -

0498 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 17, 2015 Sep 17, 2015 Sep 17, 2015 HK$0.0250 2.72%
2 Dec 11, 2014 Dec 11, 2014 Dec 11, 2014 HK$0.0250 2.89%
3 Sep 11, 2014 Sep 11, 2014 Sep 11, 2014 HK$0.0250 2.82%
4 Dec 12, 2013 Dec 12, 2013 Dec 12, 2013 HK$0.0250 2.70%
5 Sep 12, 2013 Sep 12, 2013 Sep 12, 2013 HK$0.0250 2.65%

FAQ

What is the symbol for PYI Corporation Limited Stock and on which exchange is it traded?
The symbol for PYI Corporation Limited is 0498.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell PYI Corporation Limited Stock?
PYI Corporation 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

How to buy PYI Corporation Limited Stock?
PYI Corporation Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy PYI Corporation Limited Stock.

What's the current price of PYI Corporation Limited Stock?
As of the end of day on the Jun 26, 2024, the price of an PYI Corporation Limited (0498.HK) share was HK$0.120.

What is the 52-week high and low for PYI Corporation Limited Stock?
The 52-week high for PYI Corporation Limited Stock is HK$0.540 and the 52-week low is HK$0.120.

What is the market capitalization of PYI Corporation Limited Stock?
As of the Jun 26, 2024, the market capitalization of PYI Corporation Limited is 124.914M.
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About PYI Corporation Limited

Blue River Holdings Limited, an investment holding company, engages in the provision of comprehensive engineering and property-related services. The company operates through Engineering, Ports and Logistics, Property, Securities, and Financial Services segments. The Engineering segment offers building construction, civil engineering, property development management, project management, and facilities management services. The Ports and Logistics s... 0498.HK Profile

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