Skyworth Digital Holdings Limited Stock Forecast
Red day on Tuesday for Skyworth Digital Holdings Limited stock after losing 0.608%
(Updated on May 07, 2024)
The Skyworth Digital Holdings Limited stock price fell by -0.608% on the last day (Tuesday, 7th May 2024) from HK$3.29 to HK$3.27. During the last trading day the stock fluctuated 3.75% from a day low at HK$3.20 to a day high of HK$3.32. The price has been going up and down for this period, and there has been a 1.24% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -684 thousand shares and in total, 3 million shares were bought and sold for approximately HK$9.26 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 28.19% during the next 3 months and, with a 90% probability hold a price between HK$4.04 and HK$4.32 at the end of this 3-month period.
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0751.HK Signals & Forecast
The Skyworth Digital 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$3.25 and HK$3.08. 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, May 02, 2024, and so far it has fallen -1.80%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Skyworth Digital Holdings Limited stock
Skyworth Digital Holdings Limited finds support from accumulated volume at HK$3.17 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.120 between high and low, or 3.75%. For the last week, the stock has had daily average volatility of 3.42%.
Our recommended stop-loss: HK$3.13 (-4.29%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (0751.HK) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Skyworth Digital Holdings Limited to open at HK$3.26, and during the day (based on 14 day Average True Range), to move between HK$3.15 and HK$3.39, which gives a possible trading interval of +/-HK$0.118 (+/-3.60%) up or down from last closing price. If Skyworth Digital Holdings Limited takes out the full calculated possible swing range there will be an estimated 7.20% 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$3.29 (0.61%) than the support at HK$3.17 (3.06%), 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 Skyworth Digital Holdings Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Skyworth Digital Holdings Limited stock to perform well in the short-term.
Current score: 2.738 Buy Candidate Unchanged
Predicted Opening Price for Skyworth Digital Holdings Limited of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| HK$3.26 ( 0.204%) | HK$3.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0751.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.38 | 3.47 % | |
| R2 | 3.34 | 2.06 % | ||
| R1 | 3.31 | 1.20 % | ||
| Current price: | 3.27 | |||
| Support | S1 | 3.22 | -1.61 % | |
| S2 | 3.19 | -2.47 % | ||
| S3 | 3.14 | -3.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 3.33 | 1.83 % | ||
| R1 | 3.29 | 0.612 % | ||
| Current price | 3.27 | |||
| Support | S1 | 3.17 | -3.06% | |
| S2 | 3.05 | -6.73% | ||
| S3 | 2.92 | -10.70% |
0751 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2024 | May 28, 2024 | Jun 13, 2024 | HK$0.0500 | 1.53% |
| 2 | Sep 07, 2023 | Sep 07, 2023 | Sep 07, 2023 | HK$0.0300 | 0.97% |
| 3 | Sep 08, 2022 | Sep 08, 2022 | Sep 08, 2022 | HK$0.0300 | 0.91% |
| 4 | May 26, 2022 | May 26, 2022 | May 26, 2022 | HK$0.230 | 6.04% |
| 5 | Jun 04, 2019 | Jun 04, 2019 | Jun 04, 2019 | HK$0.0600 | 2.97% |
FAQ
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