Imperium Group Global Holdings Limited Stock Forecast

Volatile ride for Imperium Group Global Holdings Limited stock price on Thursday moving between HK$3.43 and HK$4.41
(Updated on May 02, 2024)

0776.HK Signals & Forecast

There are few to no technical positive signals at the moment. The Imperium Group Global Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$4.17 and HK$4.33. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -21.83%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Imperium Group Global Holdings Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Monday, March 04, 2024 with a target of HK$4.79. Despite whether the objective of the signal formation has been reached the stock may continue to fall.

Support, Risk & Stop-loss for Imperium Group Global Holdings Limited stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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$0.98 between high and low, or 28.57%. For the last week the stock has had daily average volatility of 5.71%.

Our recommended stop-loss: HK$3.36 (-4.31%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)

Trading Expectations (0776.HK) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Imperium Group Global Holdings Limited to open at HK$3.78, and during the day (based on 14 day Average True Range), to move between HK$3.42 and HK$3.60, which gives a possible trading interval of +/-HK$0.0912 (+/-2.60%) up or down from last closing price. If Imperium Group Global Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.20% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ HK$4.28, some HK$0.770 (21.94%) from the current price of HK$3.51, our system finds the risk reward not very attractive.

Is Imperium Group Global Holdings Limited stock A Buy?

Imperium Group Global Holdings Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Imperium Group Global Holdings Limited of Friday, May 3, 2024

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