Automated Systems Holdings Limited Stock Forecast

Automated Systems Holdings Limited stock price ended at HK$0.660 on Friday, after losing 0%.
(Updated on May 17, 2024)

0771.HK Signals & Forecast

The Automated Systems 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$0.641 and HK$0.651. 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 16, 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 Automated Systems Holdings Limited stock

Automated Systems Holdings Limited finds support from accumulated volume at HK$0.640 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 2.88%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (0771.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Automated Systems Holdings Limited to open at HK$0.660, and during the day (based on 14 day Average True Range), to move between HK$0.641 and HK$0.679, which gives a possible trading interval of +/-HK$0.0190 (+/-2.88%) up or down from last closing price. If Automated Systems Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.76% 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$0.640 (3.03%) than the resistance at HK$0.690 (4.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Automated Systems Holdings Limited stock A Buy?

Automated Systems Holdings 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: -1.026 Sell Candidate Unchanged

Predicted Opening Price for Automated Systems Holdings Limited of Monday, May 20, 2024

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