Goldlion Holdings Limited Stock Forecast

Red day on Thursday for Goldlion Holdings Limited stock after losing 0.98%
(Updated on May 23, 2024)

0533.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, May 20, 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Goldlion 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 Goldlion Holdings Limited stock

Goldlion Holdings Limited finds support from accumulated volume at HK$1.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$0.0200 between high and low, or 2.00%. For the last week the stock has had daily average volatility of 2.81%.

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

Trading Expectations (0533.HK) For The Upcoming Trading Day Of Friday 24th

For the upcoming trading day on Friday, 24th we expect Goldlion Holdings Limited to open at HK$1.01, and during the day (based on 14 day Average True Range), to move between HK$0.98 and HK$1.04, which gives a possible trading interval of +/-HK$0.0287 (+/-2.84%) up or down from last closing price. If Goldlion Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.68% 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$1.02 (0.99%) than the support at HK$1.00 (0.99%), 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 Goldlion Holdings Limited stock A Buy?

Goldlion Holdings Limited holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.845 Sell Candidate Unchanged

Predicted Opening Price for Goldlion Holdings Limited of Friday, May 24, 2024

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