Gome Finance Technology Co., Ltd. Stock Forecast
Green day on Friday for Gome Finance Technology Co., Ltd.
(Updated on Apr 26, 2024)
The Gome Finance Technology Co., Ltd. stock price gained 4.02% on the last trading day (Friday, 26th Apr 2024), rising from HK$0.199 to HK$0.207. During the last trading day the stock fluctuated 6.03% from a day low at HK$0.199 to a day high of HK$0.211. The price has fallen in 5 of the last 10 days and is down by -4.61% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 42 thousand more shares were traded than the day before. In total, 66 thousand shares were bought and sold for approximately HK$13.66 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.198 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.09% during the next 3 months and, with a 90% probability hold a price between HK$0.182 and HK$0.223 at the end of this 3-month period.
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0628.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 4.02%. Further rise is indicated until a new top pivot has been found. Gome Finance Technology Co., Ltd. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Gome Finance Technology Co., Ltd. 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$0.209 and HK$0.226. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Gome Finance Technology Co., Ltd. stock
Gome Finance Technology Co., Ltd. finds support from accumulated volume at HK$0.203 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$0.0120 between high and low, or 6.03%. For the last week, the stock has had daily average volatility of 4.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0628.HK) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Gome Finance Technology Co., Ltd. to open at HK$0.206, and during the day (based on 14 day Average True Range), to move between HK$0.194 and HK$0.220, which gives a possible trading interval of +/-HK$0.0135 (+/-6.51%) up or down from last closing price. If Gome Finance Technology Co., Ltd. takes out the full calculated possible swing range there will be an estimated 13.01% 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$0.203 (1.93%) than the resistance at HK$0.218 (5.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gome Finance Technology Co., Ltd. stock A Buy?
Gome Finance Technology Co., Ltd. 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: -3.124 Sell Candidate Unchanged
Predicted Opening Price for Gome Finance Technology Co., Ltd. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| HK$0.206 ( 0.644%) | HK$0.207 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0628.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.218 | 5.15 % | |
| R2 | 0.213 | 2.94 % | ||
| R1 | 0.210 | 1.57 % | ||
| Current price: | 0.207 | |||
| Support | S1 | 0.201 | -2.86 % | |
| S2 | 0.198 | -4.23 % | ||
| S3 | 0.194 | -6.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.245 | 18.36 % | |
| R2 | 0.225 | 8.70 % | ||
| R1 | 0.218 | 5.31 % | ||
| Current price | 0.207 | |||
| Support | S1 | 0.203 | -1.93% | |
| S2 | 0.199 | -3.86% | ||
| S3 | 0 | . |
0628 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 19, 2009 | Aug 19, 2009 | Aug 19, 2009 | HK$0.200 | 6.89% |
| 2 | Oct 22, 2008 | Oct 22, 2008 | Oct 22, 2008 | HK$0.150 | 1.78% |
| 3 | Feb 12, 2008 | Feb 12, 2008 | Feb 12, 2008 | HK$0.399 | 0.348% |
| 4 | Jul 24, 2007 | Jul 24, 2007 | Jul 24, 2007 | HK$2.00 | 0.625% |
| 5 | Dec 23, 2002 | Dec 23, 2002 | Dec 23, 2002 | HK$2.00 | 4.94% |
FAQ
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