Pan Asia Environmental Protection Group Stock Forecast
Green day on Tuesday for Pan Asia Environmental Protection Group
(Updated on Jul 02, 2024)
The Pan Asia Environmental Protection Group stock price gained 3.33% on the last trading day (Tuesday, 2nd Jul 2024), rising from HK$0.90 to HK$0.93. During the last trading day the stock fluctuated 8.99% from a day low at HK$0.89 to a day high of HK$0.97. The price has fallen in 5 of the last 10 days but is still up by 8.14% over the past 2 weeks. Volume fell on the last day by -458 thousand shares and in total, 1 million shares were bought and sold for approximately HK$1.04 million. 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 upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at HK$0.97 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 138.06% during the next 3 months and, with a 90% probability hold a price between HK$1.69 and HK$2.30 at the end of this 3-month period.
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0556.HK Signals & Forecast
The Pan Asia Environmental Protection Group stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$0.84 and HK$0.601. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 19.23%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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.
Support, Risk & Stop-loss for Pan Asia Environmental Protection Group stock
Pan Asia Environmental Protection Group finds support from accumulated volume at HK$0.90 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$0.0800 between high and low, or 8.99%. For the last week the stock has had daily average volatility of 10.04%.
Our recommended stop-loss: HK$0.90 (-3.08%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (0556.HK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Pan Asia Environmental Protection Group Limited to open at HK$0.93, and during the day (based on 14 day Average True Range), to move between HK$0.85 and HK$1.01, which gives a possible trading interval of +/-HK$0.0754 (+/-8.10%) up or down from last closing price. If Pan Asia Environmental Protection Group Limited takes out the full calculated possible swing range there will be an estimated 16.21% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$0.90, some HK$0.0300 (3.23%) from the current price of HK$0.93, our system finds the risk reward attractive.
Is Pan Asia Environmental Protection Group Limited stock A Buy?
Pan Asia Environmental Protection Group holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.047 Strong Buy Candidate Unchanged
Predicted Opening Price for Pan Asia Environmental Protection Group Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| HK$0.93 ( 0%) | HK$0.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0556.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.01 | 8.60% |
| R2 | 0.98 | 5.32% |
| R1 | 0.96 | 3.29% |
| Price | 0.93 | |
| S1 | 0.90 | -3.29% |
| S2 | 0.88 | -5.32% |
| S3 | 0.85 | -8.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 0.93 | |
| S1 | 0.90 | -3.23% |
| S2 | 0.86 | -7.53% |
| S3 | 0.760 | -18.28% |
0556 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2015 | Jun 10, 2015 | Jun 10, 2015 | HK$0.0200 | 1.20% |
| 2 | May 28, 2010 | May 28, 2010 | May 28, 2010 | HK$0.0400 | 2.76% |
| 3 | May 26, 2008 | May 26, 2008 | May 26, 2008 | HK$0.0500 | 1.66% |
FAQ
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