Future Bright Holdings Limited Stock Forecast
Future Bright Holdings Limited stock price down 1.85% on Friday
(Updated on May 10, 2024)
The Future Bright Holdings Limited stock price fell by -1.85% on the last day (Friday, 10th May 2024) from HK$0.270 to HK$0.265. During the last trading day the stock fluctuated 3.85% from a day low at HK$0.260 to a day high of HK$0.270. The price has risen in 4 of the last 10 days and is up by 1.92% 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 -498 thousand shares and in total, 624 thousand shares were bought and sold for approximately HK$165.36 thousand.
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 83.53% during the next 3 months and, with a 90% probability hold a price between HK$0.461 and HK$0.518 at the end of this 3-month period.
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0703.HK Signals & Forecast
The Future Bright Holdings 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$0.265 and HK$0.242. 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 09, 2024, and so far it has fallen -1.85%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Future Bright Holdings Limited stock
Future Bright Holdings Limited finds support from accumulated volume at HK$0.255 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0100 between high and low, or 3.85%. For the last week the stock has had daily average volatility of 6.31%.
Our recommended stop-loss: HK$0.253 (-4.54%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (0703.HK) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Future Bright Holdings Limited to open at HK$0.265, and during the day (based on 14 day Average True Range), to move between HK$0.251 and HK$0.279, which gives a possible trading interval of +/-HK$0.0137 (+/-5.16%) up or down from last closing price. If Future Bright Holdings Limited takes out the full calculated possible swing range there will be an estimated 10.32% 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$0.270 (1.89%) than the support at HK$0.255 (3.77%), 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 Future Bright Holdings 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 Future Bright Holdings Limited stock to perform well in the short-term.
Current score: 2.060 Buy Candidate Unchanged
Predicted Opening Price for Future Bright Holdings Limited of Monday, May 13, 2024
Fair opening price May 13, 2024 | Current price |
---|---|
HK$0.265 ( 0%) | HK$0.265 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0703.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.275 | 3.77 % | |
R2 | 0.271 | 2.33 % | ||
R1 | 0.269 | 1.44 % | ||
Current price: | 0.265 | |||
Support | S1 | 0.261 | -1.44 % | |
S2 | 0.259 | -2.33 % | ||
S3 | 0.255 | -3.77 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0.270 | 1.89 % | ||
Current price | 0.265 | |||
Support | S1 | 0.255 | -3.77% | |
S2 | 0.230 | -13.21% | ||
S3 | 0.215 | -18.87% |
0703 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 28, 2019 | May 28, 2019 | May 28, 2019 | HK$0.0100 | 2.00% |
2 | Sep 06, 2018 | Sep 06, 2018 | Sep 06, 2018 | HK$0.0100 | 1.04% |
3 | May 24, 2018 | May 24, 2018 | May 24, 2018 | HK$0.0100 | 0.82% |
4 | Sep 07, 2017 | Sep 07, 2017 | Sep 07, 2017 | HK$0.0100 | 1.37% |
5 | May 19, 2017 | May 19, 2017 | May 19, 2017 | HK$0.0100 | 1.41% |
FAQ
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