TC Orient Lighting Holdings Limited Stock Forecast
TC Orient Lighting Holdings Limited stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on May 28, 2024)
No changes to the price of TC Orient Lighting Holdings Limited stock on the last trading day (Tuesday, 28th May 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.116 to a day high of HK$0.116. The price has been going up and down for this period, and there has been a -12.78% loss for the last 2 weeks.
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 -21.29% during the next 3 months and, with a 90% probability hold a price between HK$0.0850 and HK$0.108 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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0515.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 24, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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$0.122 and HK$0.129. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 TC Orient Lighting Holdings 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.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 0%
Our recommended stop-loss: HK$0.109 (-6.32%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 57 days ago.)
Trading Expectations (0515.HK) For The Upcoming Trading Day Of Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect TC Orient Lighting Holdings Limited to open at HK$0.116, and during the day (based on 14 day Average True Range), to move between HK$0.110 and HK$0.122, which gives a possible trading interval of +/-HK$0.0057 (+/-4.94%) 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 9.88% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.125, some HK$0.0090 (7.76%) from the current price of HK$0.116, our system finds the risk reward not very attractive.
Is TC Orient Lighting Holdings Limited stock A Buy?
TC Orient Lighting Holdings Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for TC Orient Lighting Holdings Limited of Wednesday, May 29, 2024
Fair opening price May 29, 2024 | Current price |
---|---|
HK$0.116 ( 0%) | HK$0.116 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0515.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.116 | . | |
R2 | 0.116 | . | ||
R1 | 0.116 | . | ||
Current price: | 0.116 | |||
Support | S1 | 0.116 | . | |
S2 | 0.116 | . | ||
S3 | 0.116 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.136 | 17.24 % | |
R2 | 0.126 | 8.62 % | ||
R1 | 0.125 | 7.76 % | ||
Current price | 0.116 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
0515 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 04, 2012 | Jun 04, 2012 | Jun 04, 2012 | HK$0.0600 | 1.92% |
2 | May 23, 2011 | May 23, 2011 | May 23, 2011 | HK$0.0751 | 0.746% |
3 | Jun 01, 2010 | Jun 01, 2010 | Jun 01, 2010 | HK$0.0300 | 0.602% |
4 | May 20, 2009 | May 20, 2009 | May 20, 2009 | HK$0.0300 | 1.12% |
5 | May 14, 2008 | May 14, 2008 | May 14, 2008 | HK$0.150 | 2.45% |
FAQ
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