Willas-Array Electronics Stock Forecast

Willas-Array Electronics stock downgraded to Sell Candidate
(Updated on Jun 17, 2024)

0854.HK Signals & Forecast

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. The Willas-Array Electronics stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$3.14 and HK$3.12. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -1.90%. Further fall is indicated until a new bottom pivot has been found. 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. The very low volume increases the risk and reduces the other technical signals issued.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Friday, May 17, 2024 with a target of HK$3.14. Despite whether the objective of the signal formation has been reached the stock may continue to fall.

Support, Risk & Stop-loss for Willas-Array Electronics stock

Willas-Array Electronics finds support from accumulated volume at HK$3.08 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 very controlled movements and therefore the general risk is considered very 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$0.0100 between high and low, or 0.324%. For the last week the stock has had daily average volatility of 0.0647%

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

Trading Expectations (0854.HK) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Willas-Array Electronics to open at HK$3.09, and during the day (based on 14 day Average True Range), to move between HK$3.06 and HK$3.12, which gives a possible trading interval of +/-HK$0.0315 (+/-1.02%) up or down from last closing price. If Willas-Array Electronics takes out the full calculated possible swing range there will be an estimated 2.04% 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$3.08 (0.32%) than the resistance at HK$3.10 (0.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Willas-Array Electronics stock A Buy?

Willas-Array Electronics holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.677 Sell Candidate Downgraded

Predicted Opening Price for Willas-Array Electronics of Tuesday, June 18, 2024

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