Xiabuxiabu Catering Management (China) Stock Forecast
A very strong day for Xiabuxiabu Catering Management (China) stock price on Friday
(Updated on Apr 26, 2024)
The Xiabuxiabu Catering Management (China) stock price gained 5.39% on the last trading day (Friday, 26th Apr 2024), rising from HK$1.67 to HK$1.76. During the last trading day the stock fluctuated 6.59% from a day low at HK$1.67 to a day high of HK$1.78. The price has risen in 5 of the last 10 days and is up by 10% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately HK$13.93 million.
Given the current short-term trend, the stock is expected to fall -18.48% during the next 3 months and, with a 90% probability hold a price between HK$1.20 and HK$1.43 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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0520.HK Signals & Forecast
The Xiabuxiabu Catering Management (China) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$1.64 and HK$1.66. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 15.79%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Xiabuxiabu Catering Management (China) stock
Xiabuxiabu Catering Management (China) finds support from accumulated volume at HK$1.73 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.110 between high and low, or 6.59%. For the last week, the stock has had daily average volatility of 4.59%.
Our recommended stop-loss: HK$1.69 (-3.78%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (0520.HK) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Xiabuxiabu Catering Management (China) Holdings Co., Ltd. to open at HK$1.74, and during the day (based on 14 day Average True Range), to move between HK$1.67 and HK$1.85, which gives a possible trading interval of +/-HK$0.0917 (+/-5.21%) up or down from last closing price. If Xiabuxiabu Catering Management (China) Holdings Co., Ltd. takes out the full calculated possible swing range there will be an estimated 10.42% 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$1.73 (1.70%) than the resistance at HK$1.80 (2.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xiabuxiabu Catering Management (China) Holdings Co., Ltd. stock A Buy?
Xiabuxiabu Catering Management (China) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 Xiabuxiabu Catering Management (China) Holdings Co., Ltd. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| HK$1.74 ( 1.33%) | HK$1.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0520.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.85 | 4.92 % | |
| R2 | 1.80 | 2.54 % | ||
| R1 | 1.78 | 1.06 % | ||
| Current price: | 1.76 | |||
| Support | S1 | 1.69 | -3.71 % | |
| S2 | 1.67 | -5.19 % | ||
| S3 | 1.63 | -7.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.95 | 10.80 % | |
| R2 | 1.88 | 6.82 % | ||
| R1 | 1.80 | 2.27 % | ||
| Current price | 1.76 | |||
| Support | S1 | 1.73 | -1.70% | |
| S2 | 1.71 | -2.84% | ||
| S3 | 1.55 | -11.93% |
0520 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2024 | May 29, 2024 | Jun 17, 2024 | HK$0.0303 | 1.72% |
| 2 | May 31, 2023 | May 31, 2023 | May 31, 2023 | HK$0.0308 | 0.703% |
| 3 | Oct 05, 2022 | Oct 05, 2022 | Oct 05, 2022 | HK$0.0308 | 0.590% |
| 4 | Jun 06, 2022 | Jun 06, 2022 | Jun 06, 2022 | HK$0.0328 | 0.90% |
| 5 | Oct 06, 2021 | Oct 06, 2021 | Oct 06, 2021 | HK$0.0335 | 0.542% |
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