Emperor Capital Group Limited Stock Forecast
High volatility in Emperor Capital Group Limited stock price on Friday which ended trading at HK$0.0300
(Updated on May 10, 2024)
No changes to the price of Emperor Capital Group Limited stock on the last trading day (Friday, 10th May 2024). During the last trading day the stock fluctuated 10.00% from a day low at HK$0.0300 to a day high of HK$0.0330. The price has fallen in 5 of the last 10 days and is down by -14.29% for this period.
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$0.0297 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -20.48% during the next 3 months and, with a 90% probability hold a price between HK$0.0236 and HK$0.0282 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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0717.HK Signals & Forecast
There are mixed signals in the stock today. The Emperor Capital Group Limited 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$0.0310 and HK$0.0350. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has fallen 0%. 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 Emperor Capital Group Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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$0.0030 between high and low, or 10.00%. For the last week, the stock has had daily average volatility of 9.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0717.HK) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Emperor Capital Group Limited to open at HK$0.0310, and during the day (based on 14 day Average True Range), to move between HK$0.0272 and HK$0.0328, which gives a possible trading interval of +/-HK$0.0028 (+/-9.36%) up or down from last closing price. If Emperor Capital Group Limited takes out the full calculated possible swing range there will be an estimated 18.71% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.0310, some HK$0.0010 (3.33%) from the current price of HK$0.0300, our system finds the risk reward not very attractive.
Is Emperor Capital Group Limited stock A Buy?
Emperor Capital Group Limited 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: -3.840 Sell Candidate Unchanged
Predicted Opening Price for Emperor Capital Group Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| HK$0.0310 ( 3.33%) | HK$0.0300 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0717.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0340 | 13.33 % | |
| R2 | 0.0329 | 9.51 % | ||
| R1 | 0.0321 | 7.15 % | ||
| Current price: | 0.0300 | |||
| Support | S1 | 0.0299 | -0.487 % | |
| S2 | 0.0291 | -2.85 % | ||
| S3 | 0.0280 | -6.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0370 | 23.33 % | |
| R2 | 0.0320 | 6.67 % | ||
| R1 | 0.0310 | 3.33 % | ||
| Current price | 0.0300 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
0717 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 07, 2019 | Feb 07, 2019 | Feb 07, 2019 | HK$0.0064 | 1.73% |
| 2 | Feb 01, 2019 | Feb 01, 2019 | Feb 01, 2019 | HK$0.0064 | 1.71% |
| 3 | Jun 14, 2018 | Jun 14, 2018 | Jun 14, 2018 | HK$0.0221 | 3.81% |
| 4 | Feb 02, 2018 | Feb 02, 2018 | Feb 02, 2018 | HK$0.0152 | 2.38% |
| 5 | Jun 08, 2017 | Jun 08, 2017 | Jun 08, 2017 | HK$0.0138 | 1.97% |
FAQ
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