Art Group Holdings Limited Stock Forecast
A very red day for Art Group Holdings Limited stock price after a -5.39% fall in the Monday trading session
(Updated on Jun 17, 2024)
The Art Group Holdings Limited stock price fell by -5.39% on the last day (Monday, 17th Jun 2024) from HK$0.204 to HK$0.193. During the last trading day the stock fluctuated 0% from a day low at HK$0.193 to a day high of HK$0.193. The price has fallen in 6 of the last 10 days and is down by -4.93% 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 -21 million shares and in total, 5 thousand shares were bought and sold for approximately HK$965.00 .
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Art Group Holdings Limited stock with a 90% probability to be traded between HK$0.168 and HK$0.240 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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0565.HK Signals & Forecast
The Art Group Holdings Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.197. On a fall, the stock will find some support from the long-term average at approximately HK$0.191. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, May 27, 2024, and so far it has fallen -13.06%. Further fall is indicated until a new bottom pivot has been found. 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 Art Group Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.173 and HK$0.170. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Art Group Holdings Limited finds support just below today's level at HK$0.173. If this is broken, then the next support from accumulated volume will be at HK$0.170 and HK$0.168.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". 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 7.69%.
Our recommended stop-loss: HK$0.182 (-5.86%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (0565.HK) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Art Group Holdings Limited to open at HK$0.193, and during the day (based on 14 day Average True Range), to move between HK$0.175 and HK$0.211, which gives a possible trading interval of +/-HK$0.0182 (+/-9.42%) up or down from last closing price. If Art Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 18.84% 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$0.203 (5.18%) than the support at HK$0.173 (10.36%), 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 Art Group Holdings Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Art Group Holdings Limited stock to perform well in the short-term period.
Current score: 2.517 Buy Candidate Unchanged
Predicted Opening Price for Art Group Holdings Limited of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
HK$0.193 ( 0.00000000%) | HK$0.193 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0565.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.193 | 0.00000000% |
R2 | 0.193 | 0.00000000% |
R1 | 0.193 | 0.00000000% |
Price | 0.193 | |
S1 | 0.193 | 0.00000000% |
S2 | 0.193 | 0.00000000% |
S3 | 0.193 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.228 | 18.13% |
R2 | 0.204 | 5.70% |
R1 | 0.203 | 5.18% |
Price | 0.193 | |
S1 | 0.173 | -10.36% |
S2 | 0.170 | -11.92% |
S3 | 0.168 | -12.95% |
0565 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 08, 2024 | Mar 08, 2024 | Mar 08, 2024 | HK$0.0010 | 0.625% |
2 | May 17, 2022 | May 17, 2022 | May 17, 2022 | HK$0.0800 | 33.33% |
3 | Nov 22, 2007 | Nov 22, 2007 | Nov 22, 2007 | HK$0.0050 | 1.89% |
4 | Apr 30, 2007 | Apr 30, 2007 | Apr 30, 2007 | HK$0.0050 | 1.92% |
5 | Nov 23, 2006 | Nov 23, 2006 | Nov 23, 2006 | HK$0.0050 | 2.25% |
FAQ
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