Hopson Development Holdings Limited Stock Forecast
Green day on Friday for Hopson Development Holdings Limited stock after gaining 3.17%
(Updated on Apr 26, 2024)
The Hopson Development Holdings Limited stock price gained 3.17% on the last trading day (Friday, 26th Apr 2024), rising from HK$3.47 to HK$3.58. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.36% from a day low at HK$3.44 to a day high of HK$3.59. The price has risen in 6 of the last 10 days and is up by 5.29% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 483 thousand more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately HK$29.68 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.13% during the next 3 months and, with a 90% probability hold a price between HK$2.98 and HK$3.30 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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0754.HK Signals & Forecast
The Hopson Development Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$3.43 and HK$3.53. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.23%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Hopson Development Holdings Limited stock
Hopson Development Holdings Limited finds support from accumulated volume at HK$3.56 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$0.150 between high and low, or 4.36%. For the last week the stock has had daily average volatility of 2.66%.
Our recommended stop-loss: HK$3.43 (-4.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (0754.HK) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Hopson Development Holdings Limited to open at HK$3.54, and during the day (based on 14 day Average True Range), to move between HK$3.48 and HK$3.68, which gives a possible trading interval of +/-HK$0.0999 (+/-2.79%) up or down from last closing price. If Hopson Development Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.58% 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$3.60 (0.56%) than the support at HK$3.56 (0.56%), 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 Hopson Development Holdings Limited stock A Buy?
Hopson Development 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 Hopson Development Holdings Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| HK$3.54 ( 1.21%) | HK$3.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0754.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.69 | 2.98 % | |
| R2 | 3.63 | 1.38 % | ||
| R1 | 3.59 | 0.390 % | ||
| Current price: | 3.58 | |||
| Support | S1 | 3.48 | -2.81 % | |
| S2 | 3.44 | -3.80 % | ||
| S3 | 3.39 | -5.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.66 | 2.23 % | |
| R2 | 3.63 | 1.40 % | ||
| R1 | 3.60 | 0.559 % | ||
| Current price | 3.58 | |||
| Support | S1 | 3.56 | -0.559% | |
| S2 | 3.47 | -3.07% | ||
| S3 | 3.40 | -5.03% |
0754 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 30, 2022 | Jun 30, 2022 | Jun 30, 2022 | HK$0.136 | 1.65% |
| 2 | Oct 07, 2021 | Oct 07, 2021 | Oct 07, 2021 | HK$0.413 | 2.67% |
| 3 | Jun 16, 2021 | Jun 16, 2021 | Jun 16, 2021 | HK$0.83 | 4.43% |
| 4 | Jun 15, 2021 | Jun 15, 2021 | Jun 15, 2021 | HK$1.10 | 5.74% |
| 5 | Oct 09, 2020 | Oct 09, 2020 | Oct 09, 2020 | HK$0.451 | 4.06% |
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