UMP Healthcare Holdings Limited Stock Forecast

Evaluation of UMP Healthcare Holdings Limited stock downgraded after the last trading session.
(Updated on Apr 18, 2024)

0722.HK Signals & Forecast

The UMP Healthcare 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$0.489 and HK$0.489. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 08, 2024, and so far it has risen 10.00%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for UMP Healthcare Holdings Limited stock

UMP Healthcare Holdings Limited finds support from accumulated volume at HK$0.485 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.03%

Our recommended stop-loss: HK$0.472 (-4.74%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)

Trading Expectations (0722.HK) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect UMP Healthcare Holdings Limited to open at HK$0.495, and during the day (based on 14 day Average True Range), to move between HK$0.482 and HK$0.508, which gives a possible trading interval of +/-HK$0.0126 (+/-2.54%) up or down from last closing price. If UMP Healthcare Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.07% 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$0.485 (2.02%) than the resistance at HK$0.510 (3.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is UMP Healthcare Holdings Limited stock A Buy?

UMP Healthcare Holdings 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.751 Hold/Accumulate Downgraded

Predicted Opening Price for UMP Healthcare Holdings Limited of Friday, April 19, 2024

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