Great Wall Pan Asia Holdings Limited Stock Forecast

Great Wall Pan Asia Holdings Limited stock price up 1.54% on Friday
(Updated on May 24, 2024)

0583.HK Signals & Forecast

The Great Wall Pan Asia Holdings Limited 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$0.324 and HK$0.308. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 13.79%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Great Wall Pan Asia Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.305 and HK$0.300. 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, Great Wall Pan Asia Holdings Limited finds support just below today's level at HK$0.305. If this is broken, then the next support from accumulated volume will be at HK$0.300 and HK$0.295.

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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.313%.

Our recommended stop-loss: HK$0.319 (-3.30%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 44 days ago.)

Trading Expectations (0583.HK) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Great Wall Pan Asia Holdings Limited to open at HK$0.330, and during the day (based on 14 day Average True Range), to move between HK$0.321 and HK$0.339, which gives a possible trading interval of +/-HK$0.0088 (+/-2.66%) up or down from last closing price. If Great Wall Pan Asia Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.33% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ HK$0.305, some HK$0.0250 (7.58%) from the current price of HK$0.330, our system finds the risk reward attractive.

Is Great Wall Pan Asia Holdings Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Great Wall Pan Asia Holdings Limited stock to perform well in the short-term.

Current score: 4.657 Buy Candidate Unchanged

Predicted Opening Price for Great Wall Pan Asia Holdings Limited of Monday, May 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.