Kerry Logistics Network Limited Stock Forecast
Kerry Logistics Network Limited stock price ended at HK$8.44 on Friday, after gaining 4.20%.
(Updated on May 10, 2024)
The Kerry Logistics Network Limited stock price gained 4.20% on the last trading day (Friday, 10th May 2024), rising from HK$8.10 to HK$8.44. During the last trading day the stock fluctuated 4.83% from a day low at HK$8.08 to a day high of HK$8.47. The price has been going up and down for this period, and there has been a 10.33% gain for the last 2 weeks. Volume fell on the last day by -871 thousand shares and in total, 687 thousand shares were bought and sold for approximately HK$5.79 million. 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.
Given the current short-term trend, the stock is expected to fall -15.57% during the next 3 months and, with a 90% probability hold a price between HK$6.05 and HK$7.13 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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0636.HK Signals & Forecast
The Kerry Logistics Network 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$7.81 and HK$8.12. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 14.83%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Kerry Logistics Network Limited stock
Kerry Logistics Network Limited finds support from accumulated volume at HK$8.40 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$0.390 between high and low, or 4.83%. For the last week, the stock has had daily average volatility of 4.19%.
Our recommended stop-loss: HK$8.19 (-3.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (0636.HK) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Kerry Logistics Network Limited to open at HK$8.33, and during the day (based on 14 day Average True Range), to move between HK$8.14 and HK$8.74, which gives a possible trading interval of +/-HK$0.298 (+/-3.53%) up or down from last closing price. If Kerry Logistics Network Limited takes out the full calculated possible swing range there will be an estimated 7.07% 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$8.40 (0.47%) than the resistance at HK$8.51 (0.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kerry Logistics Network Limited stock A Buy?
Kerry Logistics Network 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Kerry Logistics Network Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| HK$8.33 ( 1.30%) | HK$8.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0636.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.72 | 3.32 % | |
| R2 | 8.57 | 1.55 % | ||
| R1 | 8.48 | 0.462 % | ||
| Current price: | 8.44 | |||
| Support | S1 | 8.18 | -3.07 % | |
| S2 | 8.09 | -4.16 % | ||
| S3 | 7.94 | -5.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.80 | 4.27 % | |
| R2 | 8.59 | 1.78 % | ||
| R1 | 8.51 | 0.83 % | ||
| Current price | 8.44 | |||
| Support | S1 | 8.40 | -0.474% | |
| S2 | 8.10 | -4.03% | ||
| S3 | 7.47 | -11.49% |
0636 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2024 | May 24, 2024 | Jun 06, 2024 | HK$0.130 | 1.54% |
| 2 | Sep 11, 2023 | Sep 11, 2023 | Sep 11, 2023 | HK$0.0900 | 1.26% |
| 3 | Sep 07, 2023 | Sep 07, 2023 | Sep 07, 2023 | HK$0.0900 | 1.21% |
| 4 | May 24, 2023 | May 24, 2023 | May 24, 2023 | HK$0.380 | 4.00% |
| 5 | Sep 13, 2022 | Sep 13, 2022 | Sep 13, 2022 | HK$0.280 | 1.77% |
FAQ
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