Asia Television Holdings Ltd Stock Forecast
Big movements in Asia Television Holdings Ltd stock price on Friday moving 14.14% between high and low
(Updated on Apr 19, 2024)
The Asia Television Holdings Ltd stock price fell by -2.05% on the last day (Friday, 19th Apr 2024) from HK$0.195 to HK$0.191. It has now fallen 8 days in a row. During the last trading day the stock fluctuated 14.14% from a day low at HK$0.191 to a day high of HK$0.218. The price has fallen in 9 of the last 10 days and is down by -18.72% for this period. Volume has increased on the last day by 382 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, 1 million shares were bought and sold for approximately HK$198.64 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.189 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.63% during the next 3 months and, with a 90% probability hold a price between HK$0.222 and HK$0.364 at the end of this 3-month period.
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0707.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Asia Television Holdings 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$0.208 and HK$0.244. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -31.79%. 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). Asia Television Holdings Ltd 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 Asia Television Holdings Ltd stock
Asia Television Holdings Ltd finds support from accumulated volume at HK$0.190 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0270 between high and low, or 14.14%. For the last week, the stock has had daily average volatility of 10.49%.
Asia Television Holdings Ltd is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0707.HK) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Asia Television Holdings Ltd to open at HK$0.200, and during the day (based on 14 day Average True Range), to move between HK$0.167 and HK$0.215, which gives a possible trading interval of +/-HK$0.0236 (+/-12.35%) up or down from last closing price. If Asia Television Holdings Ltd takes out the full calculated possible swing range there will be an estimated 24.71% 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$0.190 (0.52%) than the resistance at HK$0.226 (18.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Asia Television Holdings Ltd stock A Buy?
The Asia Television Holdings Ltd stock holds several negative signals and despite the positive trend, we believe Asia Television Holdings Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.319 Sell Candidate Unchanged
Predicted Opening Price for Asia Television Holdings Ltd of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| HK$0.200 ( 4.71%) | HK$0.191 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0707.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.227 | 18.85 % | |
| R2 | 0.217 | 13.45 % | ||
| R1 | 0.210 | 10.11 % | ||
| Current price: | 0.191 | |||
| Support | S1 | 0.190 | -0.688 % | |
| S2 | 0.183 | -4.02 % | ||
| S3 | 0.173 | -9.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.235 | 23.04 % | |
| R2 | 0.232 | 21.47 % | ||
| R1 | 0.226 | 18.32 % | ||
| Current price | 0.191 | |||
| Support | S1 | 0.190 | -0.524% | |
| S2 | 0.162 | -15.18% | ||
| S3 | 0.160 | -16.23% |
0707 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2008 | May 15, 2008 | May 15, 2008 | HK$0.0100 | 0.267% |
| 2 | Oct 17, 2007 | Oct 17, 2007 | Oct 17, 2007 | HK$0.0150 | 0.172% |
| 3 | May 22, 2007 | May 22, 2007 | May 22, 2007 | HK$0.0300 | 0.233% |
| 4 | Oct 09, 2006 | Oct 09, 2006 | Oct 09, 2006 | HK$0.0100 | 0.149% |
FAQ
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