Yue Yuen Industrial (Holdings) Limited Stock Forecast
Yue Yuen Industrial (Holdings) Limited stock price down 0.82% on Thursday
(Updated on Jun 20, 2024)
The Yue Yuen Industrial (Holdings) Limited stock price fell by -0.82% on the last day (Thursday, 20th Jun 2024) from HK$14.60 to HK$14.48. During the last trading day the stock fluctuated 1.82% from a day low at HK$14.32 to a day high of HK$14.58. The price has been going up and down for this period, and there has been a 3.13% gain for the last 2 weeks. 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 -191 thousand shares and in total, 3 million shares were bought and sold for approximately HK$45.85 million.
Given the current short-term trend, the stock is expected to rise 35.01% during the next 3 months and, with a 90% probability hold a price between HK$19.55 and HK$23.72 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0551.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Yue Yuen Industrial (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$14.56 and HK$14.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -7.42%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Yue Yuen Industrial (Holdings) Limited stock
Yue Yuen Industrial (Holdings) Limited finds support from accumulated volume at HK$14.34 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$0.260 between high and low, or 1.82%. For the last week, the stock has had daily average volatility of 2.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0551.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Yue Yuen Industrial (Holdings) Limited to open at HK$14.46, and during the day (based on 14 day Average True Range), to move between HK$13.96 and HK$15.00, which gives a possible trading interval of +/-HK$0.520 (+/-3.59%) up or down from last closing price. If Yue Yuen Industrial (Holdings) Limited takes out the full calculated possible swing range there will be an estimated 7.19% 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$14.54 (0.41%) than the support at HK$14.34 (0.97%), 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 Yue Yuen Industrial (Holdings) Limited stock A Buy?
The Yue Yuen Industrial (Holdings) Limited stock holds several negative signals and despite the positive trend, we believe Yue Yuen Industrial (Holdings) Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.375 Sell Candidate Unchanged
Predicted Opening Price for Yue Yuen Industrial (Holdings) Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$14.46 ( 0.138%) | HK$14.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0551.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.72 | 1.66% |
| R2 | 14.62 | 0.97% |
| R1 | 14.56 | 0.548% |
| Price | 14.48 | |
| S1 | 14.36 | -0.82% |
| S2 | 14.30 | -1.25% |
| S3 | 14.20 | -1.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.62 | 0.97% |
| R2 | 14.60 | 0.83% |
| R1 | 14.54 | 0.414% |
| Price | 14.48 | |
| S1 | 14.34 | -0.97% |
| S2 | 14.32 | -1.10% |
| S3 | 11.00 | -24.03% |
0551 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Jun 21, 2024 | HK$0.700 | 4.83% |
| 2 | Sep 12, 2023 | Sep 12, 2023 | Oct 06, 2023 | HK$0.200 | 2.25% |
| 3 | May 31, 2023 | May 31, 2023 | May 31, 2023 | HK$0.700 | 7.29% |
| 4 | Sep 13, 2022 | Sep 13, 2022 | Sep 13, 2022 | HK$0.400 | 3.61% |
| 5 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | HK$0.200 | 1.77% |
FAQ
Click here for our free guide on how to buy Yue Yuen Industrial (Holdings) Limited Stock.
