AV Concept Holdings Limited Stock Forecast

Red day on Friday for AV Concept Holdings Limited stock after losing 1.27%
(Updated on May 17, 2024)

0595.HK Signals & Forecast

There are mixed signals in the stock today. The AV Concept 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$0.402. On a fall, the stock will find some support from the short-term average at HK$0.389. 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). AV Concept Holdings Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 5.41%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for AV Concept Holdings Limited stock

AV Concept Holdings Limited finds support from accumulated volume at HK$0.385 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$0.0100 between high and low, or 2.63%. For the last week, the stock has had daily average volatility of 3.99%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (0595.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect AV Concept Holdings Limited to open at HK$0.387, and during the day (based on 14 day Average True Range), to move between HK$0.371 and HK$0.409, which gives a possible trading interval of +/-HK$0.0191 (+/-4.90%) up or down from last closing price. If AV Concept Holdings Limited takes out the full calculated possible swing range there will be an estimated 9.80% 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$0.395 (1.28%) than the support at HK$0.385 (1.28%), 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 AV Concept Holdings Limited stock A Buy?

AV Concept 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: -2.071 Sell Candidate Unchanged

Predicted Opening Price for AV Concept Holdings Limited of Monday, May 20, 2024

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