ASM Pacific Technology Limited Stock Forecast
ASM Pacific Technology Limited stock upgraded to Buy Candidate.
(Updated on May 03, 2024)
The ASM Pacific Technology Limited stock price gained 1.57% on the last trading day (Friday, 3rd May 2024), rising from HK$101.70 to HK$103.30. During the last trading day the stock fluctuated 3.05% from a day low at HK$101.80 to a day high of HK$104.90. The price has been going up and down for this period, and there has been a -0.19% loss for the last 2 weeks. Volume fell on the last day by -915 thousand shares and in total, 2 million shares were bought and sold for approximately HK$171.53 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.62% during the next 3 months and, with a 90% probability hold a price between HK$111.94 and HK$135.92 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0522.HK Signals & Forecast
A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -8.50%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The ASM Pacific Technology Limited 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$100.29 and HK$101.45. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for ASM Pacific Technology Limited stock
ASM Pacific Technology Limited finds support from accumulated volume at HK$99.00 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$3.10 between high and low, or 3.05%. For the last week, the stock has had daily average volatility of 4.37%.
Our recommended stop-loss: HK$99.12 (-4.05%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (0522.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect ASM Pacific Technology Limited to open at HK$103.33, and during the day (based on 14 day Average True Range), to move between HK$98.42 and HK$108.18, which gives a possible trading interval of +/-HK$4.88 (+/-4.72%) up or down from last closing price. If ASM Pacific Technology Limited takes out the full calculated possible swing range there will be an estimated 9.45% 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$105.40 (2.03%) than the support at HK$99.00 (4.16%), 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 ASM Pacific Technology Limited stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.596 Buy Candidate Upgraded
Predicted Opening Price for ASM Pacific Technology Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$103.33 ( 0.0323%) | HK$103.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0522.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 106.43 | 3.03 % | |
| R2 | 105.25 | 1.89 % | ||
| R1 | 104.52 | 1.18 % | ||
| Current price: | 103.30 | |||
| Support | S1 | 102.15 | -1.11 % | |
| S2 | 101.42 | -1.82 % | ||
| S3 | 100.23 | -2.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 108.30 | 4.84 % | |
| R2 | 105.50 | 2.13 % | ||
| R1 | 105.40 | 2.03 % | ||
| Current price | 103.30 | |||
| Support | S1 | 99.00 | -4.16% | |
| S2 | 95.95 | -7.12% | ||
| S3 | 91.95 | -10.99% |
0522 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 13, 2024 | May 13, 2024 | May 31, 2024 | HK$0.780 | 0.757% |
| 2 | May 12, 2023 | May 12, 2023 | May 12, 2023 | HK$1.90 | 3.26% |
| 3 | Aug 12, 2022 | Aug 12, 2022 | Aug 12, 2022 | HK$1.30 | 2.00% |
| 4 | May 12, 2022 | May 12, 2022 | May 12, 2022 | HK$2.60 | 3.50% |
| 5 | Aug 12, 2021 | Aug 12, 2021 | Aug 12, 2021 | HK$1.30 | 1.30% |
FAQ
Click here for our free guide on how to buy ASM Pacific Technology Limited Stock.
