Ko Yo Chemical (Group) Limited Stock Forecast
Ko Yo Chemical (Group) Limited stock upgraded to Sell Candidate.
(Updated on Jun 26, 2024)
No changes to the price of Ko Yo Chemical (Group) Limited stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 3.85% from a day low at HK$0.0780 to a day high of HK$0.0810. The price has been going up and down for this period, and there has been a -4.88% loss for the last 2 weeks.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.0780 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 24.79% during the next 3 months and, with a 90% probability hold a price between HK$0.0973 and HK$0.118 at the end of this 3-month period.
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0827.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Ko Yo Chemical (Group) 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$0.0797 and HK$0.0806. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -10.34%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ko Yo Chemical (Group) Limited stock
Ko Yo Chemical (Group) Limited finds support from accumulated volume at HK$0.0770 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$0.0030 between high and low, or 3.85%. For the last week the stock has had daily average volatility of 4.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0827.HK) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Ko Yo Chemical (Group) Limited to open at HK$0.0790, and during the day (based on 14 day Average True Range), to move between HK$0.0742 and HK$0.0818, which gives a possible trading interval of +/-HK$0.0038 (+/-4.81%) up or down from last closing price. If Ko Yo Chemical (Group) Limited takes out the full calculated possible swing range there will be an estimated 9.63% 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$0.0790 (1.28%) than the support at HK$0.0770 (1.28%), 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 Ko Yo Chemical (Group) Limited stock A Buy?
The Ko Yo Chemical (Group) Limited stock holds several negative signals and despite the positive trend, we believe Ko Yo Chemical (Group) Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.939 Sell Candidate Upgraded
Predicted Opening Price for Ko Yo Chemical (Group) Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| HK$0.0790 ( 1.28%) | HK$0.0780 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0827.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0820 | 5.13% |
| R2 | 0.0809 | 3.66% |
| R1 | 0.0801 | 2.75% |
| Price | 0.0780 | |
| S1 | 0.0779 | -0.187% |
| S2 | 0.0771 | -1.09% |
| S3 | 0.0760 | -2.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0830 | 6.41% |
| R2 | 0.0820 | 5.13% |
| R1 | 0.0790 | 1.28% |
| Price | 0.0780 | |
| S1 | 0.0770 | -1.28% |
| S2 | 0.0680 | -12.82% |
| S3 | 0.0670 | -14.10% |
0827 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 01, 2008 | Sep 01, 2008 | Sep 01, 2008 | HK$0.0015 | 0.185% |
| 2 | Apr 18, 2008 | Apr 18, 2008 | Apr 18, 2008 | HK$0.0040 | 0.452% |
FAQ
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