TFG International Group Ltd Stock Forecast
Red day on Friday for TFG International Group Ltd
(Updated on May 17, 2024)
The TFG International Group Ltd stock price fell by -2.80% on the last day (Friday, 17th May 2024) from HK$0.107 to HK$0.104. During the last trading day the stock fluctuated 7.00% from a day low at HK$0.100 to a day high of HK$0.107. The price has fallen in 6 of the last 10 days and is down by -4.59% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 712 thousand shares were bought and sold for approximately HK$74.09 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.0924 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -24.89% during the next 3 months and, with a 90% probability hold a price between HK$0.0694 and HK$0.124 at the end of this 3-month period.
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0542.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 7.22%. 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. The TFG International Group Ltd 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$0.107 and HK$0.169. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for TFG International Group Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0970. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at HK$ may give a huge drop in the stock price.
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$0.0070 between high and low, or 7.00%. For the last week the stock has had daily average volatility of 10.84%.
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 20th
For the upcoming trading day on Monday, 20th we expect TFG International Group Ltd to open at HK$0.104, and during the day (based on 14 day Average True Range), to move between HK$0.0828 and HK$0.125, which gives a possible trading interval of +/-HK$0.0212 (+/-20.43%) 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 40.85% 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$0.0970 (6.73%) than the resistance at HK$0.113 (8.65%), 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 is within a very wide and 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: -4.216 Sell Candidate Unchanged
Predicted Opening Price for TFG International Group Ltd of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
HK$0.104 ( 0.321%) | HK$0.104 |
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 | 0.111 | 6.41 % | |
R2 | 0.108 | 3.84 % | ||
R1 | 0.106 | 2.25 % | ||
Current price: | 0.104 | |||
Support | S1 | 0.101 | -2.89 % | |
S2 | 0.0993 | -4.48 % | ||
S3 | 0.0967 | -7.05 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.123 | 18.27 % | |
R2 | 0.120 | 15.38 % | ||
R1 | 0.113 | 8.65 % | ||
Current price | 0.104 | |||
Support | S1 | 0.0970 | -6.73% | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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