Goldlion Holdings Limited Stock Forecast

Red day on Friday for Goldlion Holdings Limited stock after losing 0%
(Updated on Jun 14, 2024)

0533.HK Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Goldlion Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$1.00 and HK$1.02. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.02%.

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 Monday 17th

For the upcoming trading day on Monday, 17th we expect Goldlion Holdings Limited to open at HK$0.99, and during the day (based on 14 day Average True Range), to move between HK$0.97 and HK$1.01, which gives a possible trading interval of +/-HK$0.0197 (+/-1.99%) up or down from last closing price. If Goldlion Holdings Limited takes out the full calculated possible swing range there will be an estimated 3.98% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ HK$1.01, some HK$0.0200 (2.02%) from the current price of HK$0.99, our system finds the risk reward not very attractive.

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: -2.965 Sell Candidate Unchanged

Predicted Opening Price for Goldlion Holdings Limited of Monday, June 17, 2024

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