Soundwill Holdings Limited Stock Forecast
Soundwill Holdings Limited stock upgraded to Strong Buy Candidate.
(Updated on May 17, 2024)
The Soundwill Holdings Limited stock price gained 1.57% on the last trading day (Friday, 17th May 2024), rising from HK$7.02 to HK$7.13. During the last trading day the stock fluctuated 2.43% from a day low at HK$7.00 to a day high of HK$7.17. The price has risen in 5 of the last 10 days and is up by 0.42% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 45 thousand more shares were traded than the day before. In total, 200 thousand shares were bought and sold for approximately HK$1.43 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 14.42% during the next 3 months and, with a 90% probability hold a price between HK$7.87 and HK$8.58 at the end of this 3-month period.
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0878.HK Signals & Forecast
The Soundwill 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$7.05 and HK$7.01. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Soundwill 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. 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 Tuesday, April 16, 2024, and so far it has fallen -0.419%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Soundwill Holdings Limited stock
Soundwill Holdings Limited finds support from accumulated volume at HK$7.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$0.170 between high and low, or 2.43%. For the last week the stock has had daily average volatility of 1.31%.
Our recommended stop-loss: HK$6.86 (-3.73%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (0878.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Soundwill Holdings Limited to open at HK$7.10, and during the day (based on 14 day Average True Range), to move between HK$7.03 and HK$7.23, which gives a possible trading interval of +/-HK$0.0992 (+/-1.39%) up or down from last closing price. If Soundwill Holdings Limited takes out the full calculated possible swing range there will be an estimated 2.78% 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$7.16 (0.42%) than the support at HK$7.00 (1.82%), 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.
Earnings coming up
Soundwill Holdings Limited will release earnings BMO on Thursday, May 23, 2024. We will update the financials statements for Soundwill Holdings Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.90% in the first trading day after earnings release.
Is Soundwill Holdings Limited stock A Buy?
Soundwill 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: 5.457 Strong Buy Candidate Upgraded
Predicted Opening Price for Soundwill Holdings Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$7.10 ( 0.421%) | HK$7.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0878.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.27 | 1.96 % | |
| R2 | 7.21 | 1.05 % | ||
| R1 | 7.16 | 0.490 % | ||
| Current price: | 7.13 | |||
| Support | S1 | 7.04 | -1.33 % | |
| S2 | 6.99 | -1.89 % | ||
| S3 | 6.93 | -2.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 7.16 | 0.421 % | ||
| Current price | 7.13 | |||
| Support | S1 | 7.00 | -1.82% | |
| S2 | 6.98 | -2.10% | ||
| S3 | 6.93 | -2.81% |
0878 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 27, 2024 | May 27, 2024 | Jun 13, 2024 | HK$1.00 | 14.03% |
| 2 | May 30, 2023 | May 30, 2023 | May 30, 2023 | HK$0.200 | 2.98% |
| 3 | May 30, 2022 | May 30, 2022 | May 30, 2022 | HK$0.200 | 3.06% |
| 4 | May 31, 2021 | May 31, 2021 | May 31, 2021 | HK$0.200 | 2.30% |
| 5 | Jun 01, 2020 | Jun 01, 2020 | Jun 01, 2020 | HK$0.200 | 2.95% |
FAQ
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