Inspur International Limited Stock Forecast
Inspur International Limited stock price ended at HK$3.97 on Monday, after losing 3.64%.
(Updated on May 06, 2024)
The Inspur International Limited stock price fell by -3.64% on the last day (Monday, 6th May 2024) from HK$4.12 to HK$3.97. During the last trading day the stock fluctuated 5.81% from a day low at HK$3.96 to a day high of HK$4.19. The price has risen in 6 of the last 10 days and is up by 16.42% over the past 2 weeks. 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 -796 thousand shares and in total, 2 million shares were bought and sold for approximately HK$7.91 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 102.56% during the next 3 months and, with a 90% probability hold a price between HK$7.02 and HK$8.52 at the end of this 3-month period.
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0596.HK Signals & Forecast
The Inspur International 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$3.96 and HK$3.38. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -3.87%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Inspur International Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$3.68 and HK$3.37. 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, Inspur International Limited finds support just below today's level at HK$3.68. If this is broken, then the next support from accumulated volume will be at HK$3.37 and HK$2.98.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.230 between high and low, or 5.81%. For the last week, the stock has had daily average volatility of 6.02%.
Our recommended stop-loss: HK$3.76 (-5.21%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (0596.HK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Inspur International Limited to open at HK$4.04, and during the day (based on 14 day Average True Range), to move between HK$3.73 and HK$4.21, which gives a possible trading interval of +/-HK$0.241 (+/-6.06%) up or down from last closing price. If Inspur International Limited takes out the full calculated possible swing range there will be an estimated 12.13% 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$4.12 (3.78%) than the support at HK$3.68 (7.30%), 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 Inspur International 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 Inspur International Limited stock to perform well in the short-term.
Current score: 2.597 Buy Candidate Unchanged
Predicted Opening Price for Inspur International Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| HK$4.04 ( 1.76%) | HK$3.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0596.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.27 | 7.56 % | |
| R2 | 4.18 | 5.34 % | ||
| R1 | 4.13 | 3.98 % | ||
| Current price: | 3.97 | |||
| Support | S1 | 3.95 | -0.450 % | |
| S2 | 3.90 | -1.82 % | ||
| S3 | 3.81 | -4.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 4.13 | 4.03 % | ||
| R1 | 4.12 | 3.78 % | ||
| Current price | 3.97 | |||
| Support | S1 | 3.68 | -7.30% | |
| S2 | 3.37 | -15.11% | ||
| S3 | 2.98 | -24.94% |
0596 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 11, 2019 | Jun 11, 2019 | Jun 11, 2019 | HK$0.0400 | 1.22% |
| 2 | Jun 12, 2018 | Jun 12, 2018 | Jun 12, 2018 | HK$0.0300 | 0.98% |
| 3 | Jun 13, 2017 | Jun 13, 2017 | Jun 13, 2017 | HK$0.0300 | 1.84% |
| 4 | Jun 07, 2017 | Jun 07, 2017 | Jun 07, 2017 | HK$0.0300 | 1.84% |
| 5 | Jun 07, 2016 | Jun 07, 2016 | Jun 07, 2016 | HK$0.0300 | 2.33% |
FAQ
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