New World Department Store China Limited Stock Forecast
New World Department Store China Limited stock upgraded to Hold/Accumulate.
(Updated on May 17, 2024)
The New World Department Store China Limited stock price fell by -0.420% on the last day (Friday, 17th May 2024) from HK$0.238 to HK$0.237. During the last trading day the stock fluctuated 1.70% from a day low at HK$0.235 to a day high of HK$0.239. The price has fallen in 7 of the last 10 days and is down by -1.66% 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 -1 million shares and in total, 2 million shares were bought and sold for approximately HK$413.80 thousand.
The stock lies in the middle of a very 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 -39.46% during the next 3 months and, with a 90% probability hold a price between HK$0.127 and HK$0.162 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0825.HK Signals & Forecast
There are mixed signals in the stock today. The New World Department Store China Limited 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$0.243 and HK$0.256. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 0.424%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for New World Department Store China Limited stock
New World Department Store China Limited finds support from accumulated volume at HK$0.236 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved HK$0.0040 between high and low, or 1.70%. For the last week the stock has had daily average volatility of 5.42%.
Our recommended stop-loss: HK$0.223 (-5.91%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (0825.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect New World Department Store China Limited to open at HK$0.237, and during the day (based on 14 day Average True Range), to move between HK$0.223 and HK$0.251, which gives a possible trading interval of +/-HK$0.0144 (+/-6.09%) up or down from last closing price. If New World Department Store China Limited takes out the full calculated possible swing range there will be an estimated 12.19% 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$0.238 (0.42%) than the support at HK$0.236 (0.42%), 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 World Department Store China Limited stock A Buy?
New World Department Store China Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.647 Hold/Accumulate Upgraded
Predicted Opening Price for New World Department Store China Limited of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
HK$0.237 ( 0%) | HK$0.237 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0825.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.241 | 1.69 % | |
R2 | 0.239 | 1.04 % | ||
R1 | 0.239 | 0.645 % | ||
Current price: | 0.237 | |||
Support | S1 | 0.235 | -0.645 % | |
S2 | 0.235 | -1.04 % | ||
S3 | 0.233 | -1.69 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.250 | 5.49 % | |
R2 | 0.244 | 2.95 % | ||
R1 | 0.238 | 0.422 % | ||
Current price | 0.237 | |||
Support | S1 | 0.236 | -0.422% | |
S2 | 0 | . | ||
S3 | 0 | . |
0825 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 25, 2015 | Nov 25, 2015 | Nov 25, 2015 | HK$0.0360 | 2.86% |
2 | Apr 13, 2015 | Apr 13, 2015 | Apr 13, 2015 | HK$0.0610 | 2.89% |
3 | Nov 25, 2014 | Nov 25, 2014 | Nov 25, 2014 | HK$0.0600 | 2.25% |
4 | May 23, 2014 | May 23, 2014 | May 23, 2014 | HK$0.200 | 6.21% |
5 | Apr 09, 2014 | Apr 09, 2014 | Apr 09, 2014 | HK$0.0940 | 2.61% |
FAQ
Click here for our free guide on how to buy New World Department Store China Limited Stock.