Kaisa Health Group Holdings Limited Stock Forecast
Big movements in Kaisa Health Group Holdings Limited stock price on Thursday moving 15.00% between high and low
(Updated on Apr 25, 2024)
The Kaisa Health Group Holdings Limited stock price gained 9.52% on the last trading day (Thursday, 25th Apr 2024), rising from HK$0.0210 to HK$0.0230. During the last trading day the stock fluctuated 15.00% from a day low at HK$0.0200 to a day high of HK$0.0230. The price has risen in 4 of the last 10 days. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately HK$78.66 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.70% during the next 3 months and, with a 90% probability hold a price between HK$0.0155 and HK$0.0286 at the end of this 3-month period.
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0876.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 9.52%. Further rise is indicated until a new top pivot has been found. Kaisa Health Group Holdings 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. The very low volume increases the risk and reduces the other technical signals issued. 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).
Support, Risk & Stop-loss for Kaisa Health Group Holdings Limited stock
Kaisa Health Group Holdings Limited finds support from accumulated volume at HK$0.0220 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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$0.0030 between high and low, or 15.00%. For the last week, the stock has had daily average volatility of 5.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0876.HK) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Kaisa Health Group Holdings Limited to open at HK$0.0220, and during the day (based on 14 day Average True Range), to move between HK$0.0206 and HK$0.0254, which gives a possible trading interval of +/-HK$0.0024 (+/-10.49%) up or down from last closing price. If Kaisa Health Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 20.97% 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$0.0240 (4.35%) than the support at HK$0.0220 (4.35%), 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 Kaisa Health Group Holdings Limited stock A Buy?
Kaisa Health Group Holdings Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.402 Sell Candidate Unchanged
Predicted Opening Price for Kaisa Health Group Holdings Limited of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| HK$0.0220 ( 4.35%) | HK$0.0230 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0876.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0250 | 8.70 % | |
| R2 | 0.0239 | 3.71 % | ||
| R1 | 0.0231 | 0.635 % | ||
| Current price: | 0.0230 | |||
| Support | S1 | 0.0209 | -9.33 % | |
| S2 | 0.0201 | -12.41 % | ||
| S3 | 0.0190 | -17.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0260 | 13.04 % | |
| R2 | 0.0250 | 8.70 % | ||
| R1 | 0.0240 | 4.35 % | ||
| Current price | 0.0230 | |||
| Support | S1 | 0.0220 | -4.35% | |
| S2 | 0.0210 | -8.70% | ||
| S3 | 0.0200 | -13.04% |
0876 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2014 | May 22, 2014 | May 22, 2014 | HK$0.0375 | 20.00% |
| 2 | Sep 13, 2012 | Sep 13, 2012 | Sep 13, 2012 | HK$0.0025 | 1.55% |
| 3 | Jun 19, 2012 | Jun 19, 2012 | Jun 19, 2012 | HK$0.0050 | 3.67% |
| 4 | Sep 14, 2011 | Sep 14, 2011 | Sep 14, 2011 | HK$0.0025 | 2.30% |
| 5 | Apr 29, 2011 | Apr 29, 2011 | Apr 29, 2011 | HK$0.0025 | 2.25% |
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