Apollo Future Mobility Group Limited Stock Forecast

High volatility in Apollo Future Mobility Group Limited stock price on Wednesday which ended trading at HK$0.730
(Updated on Jun 26, 2024)

0860.HK Signals & Forecast

The Apollo Future Mobility Group 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$0.660 and HK$0.603. A breakdown below any of these levels will issue sell signals. Apollo Future Mobility Group Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Wednesday, June 05, 2024, and so far it has fallen 0%. 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).

Support, Risk & Stop-loss for Apollo Future Mobility Group Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.580 and HK$0.570. 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, Apollo Future Mobility Group Limited finds support just below today's level at HK$0.580. If this is broken, then the next support from accumulated volume will be at HK$0.570 and HK$0.560.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.1000 between high and low, or 15.38%. For the last week, the stock has had daily average volatility of 10.90%.

Our recommended stop-loss: HK$0.701 (-4.00%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 44 days ago.)

Trading Expectations (0860.HK) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Apollo Future Mobility Group Limited to open at HK$0.710, and during the day (based on 14 day Average True Range), to move between HK$0.673 and HK$0.787, which gives a possible trading interval of +/-HK$0.0570 (+/-7.80%) up or down from last closing price. If Apollo Future Mobility Group Limited takes out the full calculated possible swing range there will be an estimated 15.60% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ HK$0.580, some HK$0.150 (20.55%) from the current price of HK$0.730, our system finds the risk reward attractive.

Is Apollo Future Mobility Group Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Apollo Future Mobility Group Limited stock to perform well in the short-term.

Current score: 4.883 Buy Candidate Unchanged

Predicted Opening Price for Apollo Future Mobility Group Limited of Thursday, June 27, 2024

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