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AI Analysis of 0528.HK
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Volatile ride for Kingdom Holdings Limited stock price on Thursday moving between HK$1.21 and HK$1.35
(Updated on Jun 20, 2024)

Sell candidate since Jun 20, 2024 PDF

The Kingdom Holdings Limited stock price fell by -10.37% on the last day (Thursday, 20th Jun 2024) from HK$1.35 to HK$1.21. During the last trading day the stock fluctuated 11.57% from a day low at HK$1.21 to a day high of HK$1.35. The price has been going up and down for this period, and there has been a 3.42% gain for the last 2 weeks. Volume has increased on the last day by 376 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 426 thousand shares were bought and sold for approximately HK$515.46 thousand.

The stock lies in the middle of a wide and weak 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 2.12% during the next 3 months and, with a 90% probability hold a price between HK$1.17 and HK$1.38 at the end of this 3-month period.

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0528.HK Signals & Forecast

The Kingdom Holdings Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$1.25. On a fall, the stock will find some support from the long-term average at approximately HK$1.20. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -10.37%. Further fall is indicated until a new bottom pivot has been found. Kingdom Holdings Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Kingdom Holdings Limited stock

Kingdom Holdings Limited finds support from accumulated volume at HK$1.20 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$0.140 between high and low, or 11.57%. For the last week, the stock has had daily average volatility of 6.21%.

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

Trading Expectations (0528.HK) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Kingdom Holdings Limited to open at HK$1.26, and during the day (based on 14 day Average True Range), to move between HK$1.18 and HK$1.24, which gives a possible trading interval of +/-HK$0.0336 (+/-2.78%) up or down from last closing price. If Kingdom Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.56% 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$1.20 (0.83%) than the resistance at HK$1.24 (2.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kingdom Holdings Limited stock A Buy?

Kingdom Holdings Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. 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 Sell candidate.

Current score: -1.418 Sell Candidate Downgraded

Predicted Opening Price for Kingdom Holdings Limited of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
HK$1.26 ( 3.86%) HK$1.21

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

Trading levels for 0528.HK

Fibonacci Support & Resistance Levels

Level Price
R3 1.40 15.43%
R2 1.34 11.01%
R1 1.31 8.28%
Price 1.21
S1 1.20 -0.563%
S2 1.17 -3.29%
S3 1.12 -7.71%

Accumulated Volume Support & Resistance Levels

Level Price
R3 1.35 11.57%
R2 1.30 7.44%
R1 1.24 2.48%
Price 1.21
S1 1.20 -0.83%
S2 1.19 -1.65%
S3 1.15 -4.96%

0528 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 21, 2024 Jun 21, 2024 Jul 24, 2024 HK$0.0900 6.92%
2 Jun 19, 2023 Jun 19, 2023 Jun 19, 2023 HK$0.0900 6.98%
3 Jun 20, 2022 Jun 20, 2022 Jun 20, 2022 HK$0.0600 4.88%
4 Jun 22, 2020 Jun 22, 2020 Jun 22, 2020 HK$0.0700 5.38%
5 Jun 03, 2019 Jun 03, 2019 Jun 03, 2019 HK$0.0600 3.55%

FAQ

What is the symbol for Kingdom Holdings Limited Stock and on which exchange is it traded?
The symbol for Kingdom Holdings Limited is 0528.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Kingdom Holdings Limited Stock?
Kingdom Holdings Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. 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 Sell candidate.

How to buy Kingdom Holdings Limited Stock?
Kingdom Holdings Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Kingdom Holdings Limited Stock.

What's the current price of Kingdom Holdings Limited Stock?
As of the end of day on the Jun 20, 2024, the price of an Kingdom Holdings Limited (0528.HK) share was HK$1.21.

What is the 52-week high and low for Kingdom Holdings Limited Stock?
The 52-week high for Kingdom Holdings Limited Stock is HK$1.45 and the 52-week low is HK$1.08.

What is the market capitalization of Kingdom Holdings Limited Stock?
As of the Jun 20, 2024, the market capitalization of Kingdom Holdings Limited is 745.901M.

When is the next earnings date for Kingdom Holdings Limited?
The upcoming earnings date for Kingdom Holdings Limited is Aug 28, 2024.
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About Kingdom Holdings Limited

Kingdom Holdings Limited Kingdom Holdings Limited, an investment holding company, manufactures and sells linen yarns in Mainland China, the European Union, and internationally. Its products include wet spun and organic linen yarns, linen yarn for knitting, and PEONY series products, as well as single dyeing function linen yarn. The company offers its linen yarns under the Ziwei Crape Myrtle, KINGDOM, and Black Land brands. In addition, it engages in trading activities; s... 0528.HK Profile

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