Ka Shui International Holdings Limited Stock Forecast

Ka Shui International Holdings Limited stock price ended at HK$0.300 on Friday, after gaining 1.69%.
(Updated on May 17, 2024)

0822.HK Signals & Forecast

There are mixed signals in the stock today. The Ka Shui International Holdings Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.309. On a fall, the stock will find some support from the short-term average at HK$0.294. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 7.14%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Ka Shui International Holdings Limited stock

Ka Shui International Holdings Limited finds support from accumulated volume at HK$0.295 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.24%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (0822.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Ka Shui International Holdings Limited to open at HK$0.300, and during the day (based on 14 day Average True Range), to move between HK$0.288 and HK$0.312, which gives a possible trading interval of +/-HK$0.0119 (+/-3.97%) up or down from last closing price. If Ka Shui International Holdings Limited takes out the full calculated possible swing range there will be an estimated 7.95% 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$0.295 (1.67%) than the resistance at HK$0.310 (3.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ka Shui International Holdings Limited stock A Buy?

Ka Shui International Holdings Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.966 Sell Candidate Unchanged

Predicted Opening Price for Ka Shui International Holdings Limited of Monday, May 20, 2024

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