VSTECS Holdings Limited Stock Forecast

VSTECS Holdings Limited stock upgraded to Strong Buy Candidate.
(Updated on May 09, 2024)

0856.HK Signals & Forecast

The VSTECS Holdings Limited 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$5.04 and HK$4.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 08, 2024, and so far it has risen 12.75%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, March 27, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for VSTECS Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$4.21 and HK$4.15. 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, VSTECS Holdings Limited finds support just below today's level at HK$4.21. If this is broken, then the next support from accumulated volume will be at HK$4.15 and HK$4.07.

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$0.110 between high and low, or 2.18%. For the last week, the stock has had daily average volatility of 2.65%.

Our recommended stop-loss: HK$4.90 (-4.57%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 22 days ago.)

Trading Expectations (0856.HK) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect VSTECS Holdings Limited to open at HK$5.11, and during the day (based on 14 day Average True Range), to move between HK$4.99 and HK$5.27, which gives a possible trading interval of +/-HK$0.145 (+/-2.82%) up or down from last closing price. If VSTECS Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.65% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ HK$4.21, some HK$0.92 (17.93%) from the current price of HK$5.13, our system finds the risk reward attractive.

Is VSTECS Holdings Limited stock A Buy?

VSTECS Holdings Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.406 Strong Buy Candidate Upgraded

Predicted Opening Price for VSTECS Holdings Limited of Friday, May 10, 2024

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