Kaisa Health Group Holdings Limited Stock Forecast

Big movements in Kaisa Health Group Holdings Limited stock price on Friday moving 17.39% between high and low
(Updated on May 03, 2024)

0876.HK Signals & Forecast

The Kaisa Health Group Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$0.0231 and HK$0.0234. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 19.05%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Kaisa Health Group Holdings Limited stock

Kaisa Health Group Holdings Limited finds support from accumulated volume at HK$0.0240 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$0.0040 between high and low, or 17.39%. For the last week, the stock has had daily average volatility of 19.82%.

Our recommended stop-loss: HK$0.0240 (-3.94%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (0876.HK) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Kaisa Health Group Holdings Limited to open at HK$0.0250, and during the day (based on 14 day Average True Range), to move between HK$0.0220 and HK$0.0280, which gives a possible trading interval of +/-HK$0.0030 (+/-12.00%) 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 24.00% 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$0.0260 (4.00%) than the support at HK$0.0240 (4.00%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.529 Hold/Accumulate Downgraded

Predicted Opening Price for Kaisa Health Group Holdings Limited of Monday, May 6, 2024

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