SIIC Environment Holdings Ltd. Stock Forecast
SIIC Environment Holdings Ltd. stock upgraded to Hold/Accumulate.
(Updated on Apr 19, 2024)
The SIIC Environment Holdings Ltd. stock price fell by -2.20% on the last day (Friday, 19th Apr 2024) from HK$0.91 to HK$0.89. During the last trading day the stock fluctuated 1.12% from a day low at HK$0.89 to a day high of HK$0.90. The price has risen in 4 of the last 10 days. 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 -64 thousand shares and in total, 110 thousand shares were bought and sold for approximately HK$97.90 thousand.
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 -23.29% during the next 3 months and, with a 90% probability hold a price between HK$0.631 and HK$0.770 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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0807.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SIIC Environment Holdings Ltd. 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$0.92 and HK$0.94. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for SIIC Environment Holdings Ltd. 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.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0100 between high and low, or 1.12%. For the last week the stock has had daily average volatility of 2.48%.
Our recommended stop-loss: HK$0.83 (-6.24%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (0807.HK) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect SIIC Environment Holdings Ltd. to open at HK$0.89, and during the day (based on 14 day Average True Range), to move between HK$0.86 and HK$0.92, which gives a possible trading interval of +/-HK$0.0296 (+/-3.32%) up or down from last closing price. If SIIC Environment Holdings Ltd. takes out the full calculated possible swing range there will be an estimated 6.65% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.93, some HK$0.0400 (4.49%) from the current price of HK$0.89, our system finds the risk reward not very attractive.
Is SIIC Environment Holdings Ltd. stock A Buy?
SIIC Environment Holdings Ltd. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.792 Hold/Accumulate Upgraded
Predicted Opening Price for SIIC Environment Holdings Ltd. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| HK$0.89 ( 0.375%) | HK$0.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0807.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.90 | 1.50 % | |
| R2 | 0.90 | 1.07 % | ||
| R1 | 0.90 | 0.80 % | ||
| Current price: | 0.89 | |||
| Support | S1 | 0.89 | -0.0547 % | |
| S2 | 0.89 | -0.320 % | ||
| S3 | 0.88 | -0.749 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.99 | 11.24 % | |
| R2 | 0.98 | 10.11 % | ||
| R1 | 0.93 | 4.49 % | ||
| Current price | 0.89 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
0807 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 31, 2024 | HK$0.0352 | 3.96% |
| 2 | Sep 11, 2023 | Sep 11, 2023 | Sep 11, 2023 | HK$0.0050 | 0.420% |
| 3 | May 19, 2023 | May 19, 2023 | May 19, 2023 | HK$0.0100 | 0.83% |
| 4 | May 18, 2023 | May 18, 2023 | May 18, 2023 | HK$0.0100 | 0.787% |
| 5 | Aug 31, 2022 | Aug 31, 2022 | Aug 31, 2022 | HK$0.0050 | 0.459% |
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