RSI low/high Values: [ 25 - 75 ]
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AI Analysis of 0838.HK
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Green day on Thursday for EVA Precision Industrial Holdings Ltd stock after gaining 4.23%
(Updated on Mar 28, 2024)

Hold candidate since Mar 26, 2024 Gain 1.37% PDF

The EVA Precision Industrial Holdings Ltd stock price gained 4.23% on the last trading day (Thursday, 28th Mar 2024), rising from HK$0.710 to HK$0.740. During the last trading day the stock fluctuated 2.78% from a day low at HK$0.720 to a day high of HK$0.740. The price has risen in 5 of the last 10 days and is up by 2.78% over the past 2 weeks. Volume fell on the last day by -960 thousand shares and in total, 638 thousand shares were bought and sold for approximately HK$472.12 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$0.765 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.54% during the next 3 months and, with a 90% probability hold a price between HK$0.594 and HK$0.730 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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0838.HK Signals & Forecast

The EVA Precision Industrial Holdings Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$0.730 and HK$0.693. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -3.90%. Further fall is indicated until a new bottom pivot has been found. 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 also not.

Support, Risk & Stop-loss for EVA Precision Industrial Holdings Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.700 and HK$0.670. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, EVA Precision Industrial Holdings Ltd finds support just below today's level at HK$0.700. If this is broken, then the next support from accumulated volume will be at HK$0.670 and HK$0.660.

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$0.0200 between high and low, or 2.78%. For the last week the stock has had daily average volatility of 4.52%.

Our recommended stop-loss: HK$0.710 (-4.10%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (0838.HK) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect EVA Precision Industrial Holdings Limited to open at HK$0.733, and during the day (based on 14 day Average True Range), to move between HK$0.711 and HK$0.769, which gives a possible trading interval of +/-HK$0.0289 (+/-3.90%) up or down from last closing price. If EVA Precision Industrial Holdings Limited takes out the full calculated possible swing range there will be an estimated 7.80% 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$0.760 (2.70%) than the support at HK$0.700 (5.41%), 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 EVA Precision Industrial Holdings Limited stock A Buy?

EVA Precision Industrial Holdings Ltd 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.

Current score: -0.742 Hold/Accumulate Unchanged

Predicted Opening Price for EVA Precision Industrial Holdings Limited of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
HK$0.733 ( 0.90%) HK$0.740

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

Trading levels for 0838.HK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.753 1.80 %
R2 0.746 0.769 %
R1 0.741 0.132 %
Current price: 0.740
Support S1 0.726 -1.93 %
S2 0.721 -2.57 %
S3 0.713 -3.60 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.790 6.76 %
R2 0.770 4.05 %
R1 0.760 2.70 %
Current price 0.740
Support S1 0.700 -5.41%
S2 0.670 -9.46%
S3 0.660 -10.81%

0838 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 11, 2023 Sep 11, 2023 Sep 11, 2023 HK$0.0210 3.13%
2 Sep 07, 2023 Sep 07, 2023 Sep 07, 2023 HK$0.0210 3.09%
3 May 22, 2023 May 22, 2023 May 22, 2023 HK$0.0176 2.17%
4 Sep 08, 2022 Sep 08, 2022 Sep 08, 2022 HK$0.0176 1.18%
5 May 20, 2022 May 20, 2022 May 20, 2022 HK$0.0150 1.15%

FAQ

What is the symbol for EVA Precision Industrial Holdings Limited Stock and on which exchange is it traded?
The symbol for EVA Precision Industrial Holdings Limited is 0838.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell EVA Precision Industrial Holdings Limited Stock?
EVA Precision Industrial Holdings Ltd 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.

How to buy EVA Precision Industrial Holdings Limited Stock?
EVA Precision Industrial Holdings Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy EVA Precision Industrial Holdings Limited Stock.

What's the current price of EVA Precision Industrial Holdings Limited Stock?
As of the end of day on the 2024-03-28, the price of an EVA Precision Industrial Holdings Limited (0838.HK) share was HK$0.740.

What is the 52-week high and low for EVA Precision Industrial Holdings Limited Stock?
The 52-week high for EVA Precision Industrial Holdings Limited Stock is HK$1.05 and the 52-week low is HK$0.640.

What is the market capitalization of EVA Precision Industrial Holdings Limited Stock?
As of the 2024-03-28, the market capitalization of EVA Precision Industrial Holdings Limited is 1.288B.
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About EVA Precision Industrial Holdings Limited

EVA Precision Industrial Holdings Limited, an investment holding company, provides precision manufacturing services in the People's Republic of China, Vietnam, and Mexico. It operates in two segments, Office Automation Equipment and Automotive Component. The company engages in the design and fabrication of precision metal and plastic moulds; manufacture of precision metal and plastic components; lathing of metal components; and assembly of precis... 0838.HK Profile

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