Hopefluent Group Holdings Limited Stock Forecast

Weaker technical forecast for Hopefluent Group Holdings Limited as stock downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)

0733.HK Signals & Forecast

The Hopefluent Group 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$0.736 and HK$0.660. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, June 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 Hopefluent Group Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.700 and HK$0.650. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Hopefluent Group Holdings Limited finds support just below today's level at HK$0.700. If this is broken, then the next support from accumulated volume will be at HK$0.650 and HK$0.580.

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 2.57%

Our recommended stop-loss: HK$0.722 (-3.78%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (0733.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Hopefluent Group Holdings Limited to open at HK$0.750, and during the day (based on 14 day Average True Range), to move between HK$0.722 and HK$0.778, which gives a possible trading interval of +/-HK$0.0279 (+/-3.73%) up or down from last closing price. If Hopefluent Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 7.45% 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$0.770 (2.67%) than the support at HK$0.700 (6.67%), 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 Hopefluent Group Holdings Limited stock A Buy?

Hopefluent Group 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: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Hopefluent Group Holdings Limited of Tuesday, July 2, 2024

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