Value Partners Group Limited Stock Forecast

Weaker technical forecast for Value Partners Group Limited as stock downgraded to Hold/Accumulate.
(Updated on May 24, 2024)

0806.HK Signals & Forecast

The Value Partners Group Limited 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$1.99. On a fall, the stock will find some support from the long-term average at approximately HK$1.84. 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. 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 Monday, May 13, 2024, and so far it has fallen -11.43%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Value Partners Group Limited stock

Value Partners Group Limited finds support from accumulated volume at HK$1.81 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.110 between high and low, or 5.98%. For the last week, the stock has had daily average volatility of 5.37%.

Our recommended stop-loss: HK$1.77 (-4.94%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (0806.HK) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Value Partners Group Limited to open at HK$1.88, and during the day (based on 14 day Average True Range), to move between HK$1.76 and HK$1.96, which gives a possible trading interval of +/-HK$0.100 (+/-5.38%) up or down from last closing price. If Value Partners Group Limited takes out the full calculated possible swing range there will be an estimated 10.76% 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$1.81 (2.69%) than the resistance at HK$1.99 (6.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Value Partners Group Limited stock A Buy?

Value Partners Group 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.102 Hold/Accumulate Downgraded

Predicted Opening Price for Value Partners Group Limited of Monday, May 27, 2024

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