Future World Financial Holdings Limited Stock Forecast
Future World Financial Holdings Limited stock price up 2.82% on Monday
(Updated on May 06, 2024)
The Future World Financial Holdings Limited stock price gained 2.82% on the last trading day (Monday, 6th May 2024), rising from HK$0.710 to HK$0.730. During the last trading day the stock fluctuated 2.82% from a day low at HK$0.710 to a day high of HK$0.730. The price has risen in 4 of the last 10 days but is still down by -10.98% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 823 more shares were traded than the day before. In total, 17 thousand shares were bought and sold for approximately HK$12.28 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -35.48% during the next 3 months and, with a 90% probability hold a price between HK$0.406 and HK$0.526 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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0572.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 4.29%. Further rise is indicated until a new top pivot has been found. Future World Financial Holdings Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Future World Financial Holdings Limited 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$0.773. On a fall, the stock will find some support from the short-term average at HK$0.726. 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).
Support, Risk & Stop-loss for Future World Financial Holdings Limited stock
Future World Financial Holdings Limited finds support from accumulated volume at HK$0.720 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$0.0200 between high and low, or 2.82%. For the last week, the stock has had daily average volatility of 3.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0572.HK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Future World Financial Holdings Limited to open at HK$0.723, and during the day (based on 14 day Average True Range), to move between HK$0.694 and HK$0.766, which gives a possible trading interval of +/-HK$0.0359 (+/-4.91%) up or down from last closing price. If Future World Financial Holdings Limited takes out the full calculated possible swing range there will be an estimated 9.83% 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$0.720 (1.37%) than the resistance at HK$0.760 (4.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Future World Financial Holdings Limited stock A Buy?
Future World Financial Holdings Limited 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: -1.907 Sell Candidate Unchanged
Predicted Opening Price for Future World Financial Holdings Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| HK$0.723 ( 0.91%) | HK$0.730 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0572.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.743 | 1.83 % | |
| R2 | 0.736 | 0.780 % | ||
| R1 | 0.731 | 0.133 % | ||
| Current price: | 0.730 | |||
| Support | S1 | 0.716 | -1.96 % | |
| S2 | 0.711 | -2.61 % | ||
| S3 | 0.703 | -3.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.82 | 12.33 % | |
| R2 | 0.780 | 6.85 % | ||
| R1 | 0.760 | 4.11 % | ||
| Current price | 0.730 | |||
| Support | S1 | 0.720 | -1.37% | |
| S2 | 0.710 | -2.74% | ||
| S3 | 0.700 | -4.11% |
0572 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2008 | Jun 05, 2008 | Jun 05, 2008 | HK$51.79 | 6.62% |
| 2 | May 22, 2007 | May 22, 2007 | May 22, 2007 | HK$51.79 | 3.98% |
| 3 | May 29, 2006 | May 29, 2006 | May 29, 2006 | HK$28.77 | 2.94% |
| 4 | May 26, 2005 | May 26, 2005 | May 26, 2005 | HK$34.53 | 5.00% |
| 5 | Jun 14, 2004 | Jun 14, 2004 | Jun 14, 2004 | HK$46.04 | 7.02% |
FAQ
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