Sun.King Power Electronics Group Limited Stock Forecast
Sun.King Power Electronics Group Limited stock price ended at HK$1.15 on Friday, after losing 2.54%.
(Updated on May 31, 2024)
The Sun.King Power Electronics Group Limited stock price fell by -2.54% on the last day (Friday, 31st May 2024) from HK$1.18 to HK$1.15. During the last trading day the stock fluctuated 2.61% from a day low at HK$1.15 to a day high of HK$1.18. The price has fallen in 6 of the last 10 days and is down by -12.21% 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 -760 thousand shares and in total, 504 thousand shares were bought and sold for approximately HK$579.60 thousand.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at HK$1.15. A reaction back to this level may hold a second chance to get out before further falls.
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0580.HK Signals & Forecast
There are mixed signals in the stock today. The Sun.King Power Electronics Group 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$1.18 and HK$1.18. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Tuesday, May 28, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Sun.King Power Electronics Group Limited stock
Sun.King Power Electronics Group Limited finds support from accumulated volume at HK$1.13 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0300 between high and low, or 2.61%. For the last week the stock has had daily average volatility of 4.56%.
Our recommended stop-loss: HK$1.08 (-6.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (0580.HK) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Sun.King Power Electronics Group Limited to open at HK$1.16, and during the day (based on 14 day Average True Range), to move between HK$1.10 and HK$1.20, which gives a possible trading interval of +/-HK$0.0507 (+/-4.41%) up or down from last closing price. If Sun.King Power Electronics Group Limited takes out the full calculated possible swing range there will be an estimated 8.82% 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$1.13 (1.74%) than the resistance at HK$1.18 (2.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Sun.King Power Electronics Group Limited will release earnings BMO on Thursday, June 06, 2024. We will update the financials statements for Sun.King Power Electronics Group Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.67% in the first trading day after earnings release.
Is Sun.King Power Electronics Group Limited stock A Buy?
Sun.King Power Electronics Group Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.652 Hold/Accumulate Unchanged
Predicted Opening Price for Sun.King Power Electronics Group Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| HK$1.16 ( 0.87%) | HK$1.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0580.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.19 | 3.48 % | |
| R2 | 1.18 | 2.48 % | ||
| R1 | 1.17 | 1.87 % | ||
| Current price: | 1.15 | |||
| Support | S1 | 1.15 | -0.127 % | |
| S2 | 1.14 | -0.743 % | ||
| S3 | 1.13 | -1.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.26 | 9.57 % | |
| R2 | 1.20 | 4.35 % | ||
| R1 | 1.18 | 2.61 % | ||
| Current price | 1.15 | |||
| Support | S1 | 1.13 | -1.74% | |
| S2 | 1.07 | -6.96% | ||
| S3 | 1.06 | -7.83% |
0580 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 30, 2021 | Jun 30, 2021 | Jun 30, 2021 | HK$0.0300 | 1.00% |
| 2 | Sep 22, 2020 | Sep 22, 2020 | Sep 22, 2020 | HK$0.0200 | 1.06% |
| 3 | Jun 02, 2020 | Jun 02, 2020 | Jun 02, 2020 | HK$0.0600 | 4.62% |
| 4 | Sep 24, 2019 | Sep 24, 2019 | Sep 24, 2019 | HK$0.0200 | 2.13% |
| 5 | Jun 27, 2019 | Jun 27, 2019 | Jun 27, 2019 | HK$0.0300 | 2.73% |
FAQ
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