TC Orient Lighting Holdings Limited Stock Forecast

High volatility in TC Orient Lighting Holdings Limited stock price on Tuesday which ended trading at HK$0.125
(Updated on May 07, 2024)

0515.HK Signals & Forecast

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. The TC Orient Lighting Holdings 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$0.129 and HK$0.139. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -27.75%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for TC Orient Lighting Holdings Limited stock

TC Orient Lighting Holdings Limited finds support from accumulated volume at HK$0.124 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved HK$0.0150 between high and low, or 13.64%. For the last week the stock has had daily average volatility of 9.60%.

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

Trading Expectations (0515.HK) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect TC Orient Lighting Holdings Limited to open at HK$0.120, and during the day (based on 14 day Average True Range), to move between HK$0.115 and HK$0.135, which gives a possible trading interval of +/-HK$0.0101 (+/-8.10%) up or down from last closing price. If TC Orient Lighting Holdings Limited takes out the full calculated possible swing range there will be an estimated 16.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at HK$0.126 (0.80%) than the support at HK$0.124 (0.80%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is TC Orient Lighting Holdings Limited stock A Buy?

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

Current score: -5.546 Strong Sell Candidate Unchanged

Predicted Opening Price for TC Orient Lighting Holdings Limited of Wednesday, May 8, 2024

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