Public Financial Holdings Limited Stock Forecast
Public Financial Holdings Limited stock price up 2.46% on Friday
(Updated on May 03, 2024)
The Public Financial Holdings Limited stock price gained 2.46% on the last trading day (Friday, 3rd May 2024), rising from HK$1.22 to HK$1.25. During the last trading day the stock fluctuated 2.46% from a day low at HK$1.22 to a day high of HK$1.25. The price has risen in 4 of the last 10 days and is up by 3.31% over the past 2 weeks. Volume fell on the last day by -630 thousand shares and in total, 46 thousand shares were bought and sold for approximately HK$57.50 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.73% during the next 3 months and, with a 90% probability hold a price between HK$1.15 and HK$1.22 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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0626.HK Signals & Forecast
The Public Financial Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$1.22 and HK$1.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 4.17%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 Public Financial Holdings Limited stock
Public Financial Holdings Limited finds support from accumulated volume at HK$1.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0.0300 between high and low, or 2.46%. For the last week the stock has had daily average volatility of 1.99%
Our recommended stop-loss: HK$1.19 (-4.59%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (0626.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Public Financial Holdings Limited to open at HK$1.24, and during the day (based on 14 day Average True Range), to move between HK$1.23 and HK$1.27, which gives a possible trading interval of +/-HK$0.0203 (+/-1.62%) up or down from last closing price. If Public Financial Holdings Limited takes out the full calculated possible swing range there will be an estimated 3.25% 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$1.26 (0.80%) than the support at HK$1.23 (1.60%), 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 Public Financial Holdings Limited stock A Buy?
Public Financial Holdings Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.588 Hold/Accumulate Unchanged
Predicted Opening Price for Public Financial Holdings Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$1.24 ( 0.80%) | HK$1.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0626.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.27 | 1.60 % | |
| R2 | 1.26 | 0.683 % | ||
| R1 | 1.25 | 0.117 % | ||
| Current price: | 1.25 | |||
| Support | S1 | 1.23 | -1.72 % | |
| S2 | 1.22 | -2.28 % | ||
| S3 | 1.21 | -3.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.30 | 4.00 % | |
| R2 | 1.28 | 2.40 % | ||
| R1 | 1.26 | 0.80 % | ||
| Current price | 1.25 | |||
| Support | S1 | 1.23 | -1.60% | |
| S2 | 1.22 | -2.40% | ||
| S3 | 1.21 | -3.20% |
0626 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | HK$0.0300 | 1.47% |
| 2 | Jan 20, 2023 | Jan 20, 2023 | Jan 20, 2023 | HK$0.110 | 4.72% |
| 3 | Jul 14, 2022 | Jul 14, 2022 | Jul 14, 2022 | HK$0.0500 | 2.04% |
| 4 | Jan 24, 2022 | Jan 24, 2022 | Jan 24, 2022 | HK$0.150 | 5.88% |
| 5 | Jul 15, 2021 | Jul 15, 2021 | Jul 15, 2021 | HK$0.0500 | 2.03% |
FAQ
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