Xinhua Winshare Publishing and Media Stock Forecast

Xinhua Winshare Publishing and Media stock upgraded to Hold/Accumulate.
(Updated on May 03, 2024)

0811.HK Signals & Forecast

There are few to no technical positive signals at the moment. The Xinhua Winshare Publishing and Media 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$8.12 and HK$8.22. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -7.60%. 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 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 Xinhua Winshare Publishing and Media stock

Xinhua Winshare Publishing and Media finds support from accumulated volume at HK$7.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.450 (5.71%) between high and low. For the last week, the stock has had daily average volatility of 3.96%.

Our recommended stop-loss: HK$7.44 (-5.87%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (0811.HK) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Xinhua Winshare Publishing and Media Co., Ltd. to open at HK$8.04, and during the day (based on 14 day Average True Range), to move between HK$7.63 and HK$8.17, which gives a possible trading interval of +/-HK$0.274 (+/-3.47%) up or down from last closing price. If Xinhua Winshare Publishing and Media Co., Ltd. takes out the full calculated possible swing range there will be an estimated 6.94% 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$8.00 (1.27%) than the support at HK$7.54 (4.56%), 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 Xinhua Winshare Publishing and Media Co., Ltd. stock A Buy?

Xinhua Winshare Publishing and Media 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: -0.717 Hold/Accumulate Upgraded

Predicted Opening Price for Xinhua Winshare Publishing and Media Co., Ltd. of Monday, May 6, 2024

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