VSTECS Holdings Limited Stock Forecast

VSTECS Holdings Limited stock price down 0.432% on Friday
(Updated on May 31, 2024)

0856.HK Signals & Forecast

There are few to no technical positive signals at the moment. The VSTECS Holdings 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$4.77 and HK$4.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -10.49%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. 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$4.15 and HK$4.11. 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$4.15. If this is broken, then the next support from accumulated volume will be at HK$4.11 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$0.150 between high and low, or 3.27%. For the last week, the stock has had daily average volatility of 2.99%.

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

Trading Expectations (0856.HK) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect VSTECS Holdings Limited to open at HK$4.65, and during the day (based on 14 day Average True Range), to move between HK$4.45 and HK$4.77, which gives a possible trading interval of +/-HK$0.157 (+/-3.41%) up or down from last closing price. If VSTECS Holdings Limited takes out the full calculated possible swing range there will be an estimated 6.83% 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$4.70 (1.95%) than the support at HK$4.15 (9.98%), 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 VSTECS Holdings Limited stock A Buy?

The VSTECS Holdings Limited stock holds several negative signals and despite the positive trend, we believe VSTECS Holdings Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.410 Sell Candidate Unchanged

Predicted Opening Price for VSTECS Holdings Limited of Monday, June 3, 2024

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