Xiabuxiabu Catering Management (China) Stock Forecast
High volatility in Xiabuxiabu Catering Management (China) stock price on Friday which ended trading at HK$2.16
(Updated on May 10, 2024)
The Xiabuxiabu Catering Management (China) stock price gained 19.34% on the last trading day (Friday, 10th May 2024), rising from HK$1.81 to HK$2.16. During the last trading day the stock fluctuated 25.68% from a day low at HK$1.83 to a day high of HK$2.30. The price has risen in 6 of the last 10 days and is up by 29.34% 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, 70 million more shares were traded than the day before. In total, 75 million shares were bought and sold for approximately HK$161.53 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is HK$1.73, a level that may pose a second chance to hit a runner.
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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. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$1.87 and HK$1.69. 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 42.11%. 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
On the downside, the stock finds support just below today's level from accumulated volume at HK$1.95 and HK$1.83. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Xiabuxiabu Catering Management (China) finds support just below today's level at HK$1.95. If this is broken, then the next support from accumulated volume will be at HK$1.83 and HK$1.73.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.470 between high and low, or 25.68%. For the last week, the stock has had daily average volatility of 9.24%.
The Xiabuxiabu Catering Management (China) stock is extremely overbought on RSI14 (79). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: HK$2.09 (-3.42%) (This stock has high daily movements and this gives high risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (0520.HK) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Xiabuxiabu Catering Management (China) Holdings Co., Ltd. to open at HK$2.10, and during the day (based on 14 day Average True Range), to move between HK$2.04 and HK$2.28, which gives a possible trading interval of +/-HK$0.125 (+/-5.78%) 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 11.57% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$1.95, some HK$0.210 (9.72%) from the current price of HK$2.16, our system finds the risk reward attractive.
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. 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 Xiabuxiabu Catering Management (China) Holdings Co., Ltd. of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
HK$2.10 ( 2.93%) | HK$2.16 |
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 | 2.57 | 18.83 % | |
R2 | 2.39 | 10.52 % | ||
R1 | 2.28 | 5.38 % | ||
Current price: | 2.16 | |||
Support | S1 | 1.92 | -11.24 % | |
S2 | 1.81 | -16.38 % | ||
S3 | 1.63 | -24.69 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 2.16 | |||
Support | S1 | 1.95 | -9.72% | |
S2 | 1.83 | -15.28% | ||
S3 | 1.73 | -19.91% |
0520 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 29, 2024 | May 29, 2024 | Jun 17, 2024 | HK$0.0303 | 1.39% |
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% |
FAQ
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