New Gonow Recreational Stock Forecast

Buy or Hold candidate since Mar 30, 2026 Gain 583.33%

The New Gonow Recreational stock price fell by -5.53% on the last day (Tuesday, 11th Aug 2026) from HK$8.68 to HK$8.20. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.38% from a day low at HK$8.15 to a day high of HK$8.67. The price has fallen in 6 of the last 10 days and is down by -1.68% for this period. 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 -724 thousand shares and in total, 592 thousand shares were bought and sold for approximately HK$4.85 million.

The stock lies in the middle of a very wide and 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 286.04% during the next 3 months and, with a 90% probability hold a price between HK$28.57 and HK$39.40 at the end of this 3-month period.

0805.HK Signals & Forecast

The New Gonow Recreational stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$8.66. On a fall, the stock will find some support from the long-term average at approximately HK$6.69. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, July 30, 2026, and so far it has fallen -11.16%. 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 New Gonow Recreational stock

New Gonow Recreational finds support from accumulated volume at HK$7.88 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.520 between high and low, or 6.38%. For the last week, the stock has had daily average volatility of 10.46%.

Our recommended stop-loss: HK$7.74 (-5.66%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (0805.HK) For The Upcoming Trading Day Of Wednesday 12th

For the upcoming trading day on Wednesday, 12th we expect New Gonow Recreational to open at HK$8.34, and during the day (based on 14 day Average True Range), to move between HK$7.74 and HK$8.66, which gives a possible trading interval of +/-HK$0.91 (+/-11.78%) up or down from last closing price. If New Gonow Recreational takes out the full calculated possible swing range there will be an estimated 11.78% 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$8.34 (1.71%) than the support at HK$7.88 (3.90%), 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 New Gonow Recreational 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 New Gonow Recreational stock to perform well in the short-term.

Current score: 1.858 Buy Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on August 12, 2026 - HK$8.34 ( 1.71%).

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