Asia Allied Infrastructure Holdings Ltd Stock Forecast

Red day on Wednesday for Asia Allied Infrastructure Holdings Ltd
(Updated on Jun 26, 2024)

0711.HK Signals & Forecast

There are mixed signals in the stock today. The Asia Allied Infrastructure 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$0.462 and HK$0.468. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 2.22%. 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 gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point".

Support, Risk & Stop-loss for Asia Allied Infrastructure Holdings Ltd stock

Asia Allied Infrastructure Holdings Ltd finds support from accumulated volume at HK$0.455 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$0.0100 between high and low, or 2.20%. For the last week the stock has had daily average volatility of 1.10%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (0711.HK) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Asia Allied Infrastructure Holdings Limited to open at HK$0.460, and during the day (based on 14 day Average True Range), to move between HK$0.453 and HK$0.467, which gives a possible trading interval of +/-HK$0.0069 (+/-1.50%) up or down from last closing price. If Asia Allied Infrastructure Holdings Limited takes out the full calculated possible swing range there will be an estimated 3.00% 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$0.455 (1.09%) than the resistance at HK$0.470 (2.17%), 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 Allied Infrastructure Holdings Limited stock A Buy?

Asia Allied Infrastructure Holdings Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.399 Sell Candidate Unchanged

Predicted Opening Price for Asia Allied Infrastructure Holdings Limited of Thursday, June 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.