AV Concept Holdings Limited Stock Forecast

A very red day for AV Concept Holdings Limited stock price after a -6.17% fall in the Friday trading session
(Updated on May 31, 2024)

0595.HK Signals & Forecast

There are mixed signals in the stock today. The AV Concept Holdings 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$0.385 and HK$0.394. 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. 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 2.70%. 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 AV Concept Holdings Limited stock

AV Concept Holdings Limited finds support from accumulated volume at HK$0.370 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$0.0200 between high and low, or 5.26%. For the last week the stock has had daily average volatility of 7.94%.

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 3rd

For the upcoming trading day on Monday, 3rd 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$0.359 and HK$0.401, which gives a possible trading interval of +/-HK$0.0212 (+/-5.57%) 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 11.13% 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$0.370 (2.63%) than the resistance at HK$0.395 (3.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -1.174 Sell Candidate Downgraded

Predicted Opening Price for AV Concept Holdings Limited of Monday, June 3, 2024

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