Fullshare Holdings Limited Stock Forecast
Fullshare Holdings Limited stock price fell more than -5.62% Thursday closing at HK$0.420
(Updated on Jun 20, 2024)
The Fullshare Holdings Limited stock price fell by -5.62% on the last day (Thursday, 20th Jun 2024) from HK$0.445 to HK$0.420. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 8.54% from a day low at HK$0.410 to a day high of HK$0.445. The price has fallen in 7 of the last 10 days and is down by -13.4% for this period. Volume has increased on the last day by 9 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 257 thousand shares were bought and sold for approximately HK$108.11 thousand.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at HK$0.419 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Fullshare Holdings Limited stock with a 90% probability to be traded between HK$0.413 and HK$0.492 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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0607.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Fullshare 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$0.460 and HK$0.464. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -16.00%. 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). Fullshare 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".
Support, Risk & Stop-loss for Fullshare Holdings Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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$0.0350 between high and low, or 8.54%. For the last week, the stock has had daily average volatility of 3.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0607.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Fullshare Holdings Limited to open at HK$0.425, and during the day (based on 14 day Average True Range), to move between HK$0.398 and HK$0.442, which gives a possible trading interval of +/-HK$0.0215 (+/-5.12%) up or down from last closing price. If Fullshare Holdings Limited takes out the full calculated possible swing range there will be an estimated 10.25% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.460, some HK$0.0400 (9.52%) from the current price of HK$0.420, our system finds the risk reward not very attractive.
Is Fullshare Holdings Limited stock A Buy?
Fullshare Holdings Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.837 Sell Candidate Unchanged
Predicted Opening Price for Fullshare Holdings Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.425 ( 1.19%) | HK$0.420 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0607.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.460 | 9.52% |
| R2 | 0.447 | 6.34% |
| R1 | 0.438 | 4.37% |
| Price | 0.420 | |
| S1 | 0.412 | -1.99% |
| S2 | 0.403 | -3.96% |
| S3 | 0.390 | -7.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.475 | 13.10% |
| R2 | 0.465 | 10.71% |
| R1 | 0.460 | 9.52% |
| Price | 0.420 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
0607 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2018 | May 29, 2018 | May 29, 2018 | HK$0.0188 | 0.0097% |
| 2 | May 23, 2017 | May 23, 2017 | May 23, 2017 | HK$0.0170 | 0.0104% |
| 3 | May 24, 2016 | May 24, 2016 | May 24, 2016 | HK$0.0119 | 0.0086% |
| 4 | Sep 22, 2005 | Sep 22, 2005 | Sep 22, 2005 | HK$0.0250 | 0.0690% |
| 5 | Feb 02, 2005 | Feb 02, 2005 | Feb 02, 2005 | HK$0.0150 | 0.0278% |
FAQ
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