PYI Corporation Limited Stock Forecast
PYI Corporation Limited stock price took a fall of -13.04% on Wednesday
(Updated on Jun 26, 2024)
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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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
| # | 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
Click here for our free guide on how to buy PYI Corporation Limited Stock.
