TFG International Group Ltd Stock Forecast
Volatile ride for TFG International Group Ltd stock price on Friday moving between HK$0.107 and HK$0.136
(Updated on May 03, 2024)
The TFG International Group Ltd stock price gained 24.77% on the last trading day (Friday, 3rd May 2024), rising from HK$0.109 to HK$0.136. During the last trading day the stock fluctuated 27.10% from a day low at HK$0.107 to a day high of HK$0.136. The price has fallen in 7 of the last 10 days and is down by -37.33% for this period. Volume fell on the last day by -4 million shares and in total, 7 million shares were bought and sold for approximately HK$925.89 thousand. 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 very 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 3.00% during the next 3 months and, with a 90% probability hold a price between HK$0.112 and HK$0.237 at the end of this 3-month period.
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0542.HK Signals & Forecast
There are mixed signals in the stock today. The TFG International Group Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.182. On a fall, the stock will find some support from the short-term average at HK$0.134. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 24.77%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for TFG International Group Ltd stock
TFG International Group Ltd finds support from accumulated volume at HK$0.130 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0290 between high and low, or 27.10%. For the last week the stock has had daily average volatility of 44.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0542.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect TFG International Group Ltd to open at HK$0.126, and during the day (based on 14 day Average True Range), to move between HK$0.107 and HK$0.165, which gives a possible trading interval of +/-HK$0.0294 (+/-21.62%) up or down from last closing price. If TFG International Group Ltd takes out the full calculated possible swing range there will be an estimated 43.24% 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$0.130 (4.41%) than the resistance at HK$0.144 (5.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TFG International Group Ltd stock A Buy?
TFG International Group Ltd 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.
Current score: -3.914 Sell Candidate Unchanged
Predicted Opening Price for TFG International Group Ltd of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
HK$0.126 ( 7.11%) | HK$0.136 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0542.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.155 | 14.22 % | |
R2 | 0.144 | 6.07 % | ||
R1 | 0.137 | 1.04 % | ||
Current price: | 0.136 | |||
Support | S1 | 0.115 | -15.25 % | |
S2 | 0.108 | -20.29 % | ||
S3 | 0.0973 | -28.43 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.169 | 24.26 % | |
R2 | 0.166 | 22.06 % | ||
R1 | 0.144 | 5.88 % | ||
Current price | 0.136 | |||
Support | S1 | 0.130 | -4.41% | |
S2 | 0.123 | -9.56% | ||
S3 | 0.121 | -11.03% |
FAQ
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