New World Department Store China Limited Stock Forecast
Red day on Friday for New World Department Store China Limited stock after losing 0.85%
(Updated on May 31, 2024)
The New World Department Store China Limited stock price fell by -0.85% on the last day (Friday, 31st May 2024) from HK$0.235 to HK$0.233. During the last trading day the stock fluctuated 3.00% from a day low at HK$0.233 to a day high of HK$0.240. The price has been going up and down for this period, and there has been a -1.69% loss for the last 2 weeks. Volume has increased on the last day by 21 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 390 thousand shares were bought and sold for approximately HK$90.87 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 -35.75% during the next 3 months and, with a 90% probability hold a price between HK$0.127 and HK$0.167 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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0825.HK Signals & Forecast
There are few to no technical positive signals at the moment. 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$0.236 and HK$0.241. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -37.03%. 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). New World Department Store China Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for New World Department Store China Limited 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0070 between high and low, or 3.00%. For the last week, the stock has had daily average volatility of 3.10%.
New World Department Store China Limited is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0825.HK) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect New World Department Store China Limited to open at HK$0.235, and during the day (based on 14 day Average True Range), to move between HK$0.223 and HK$0.243, which gives a possible trading interval of +/-HK$0.0101 (+/-4.33%) 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 8.66% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.238, some HK$0.0050 (2.15%) from the current price of HK$0.233, our system finds the risk reward not very attractive.
Is New World Department Store China Limited stock A Buy?
New World Department Store China Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.773 Sell Candidate Unchanged
Predicted Opening Price for New World Department Store China Limited of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
HK$0.235 ( 1.00%) | HK$0.233 |
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 | 0.242 | 4.01 % | |
R2 | 0.240 | 2.86 % | ||
R1 | 0.238 | 2.15 % | ||
Current price: | 0.233 | |||
Support | S1 | 0.233 | -0.146 % | |
S2 | 0.231 | -0.86 % | ||
S3 | 0.228 | -2.00 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.250 | 7.30 % | |
R2 | 0.244 | 4.72 % | ||
R1 | 0.238 | 2.15 % | ||
Current price | 0.233 | |||
Support | S1 | 0 | . | |
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
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