Emperor Watch & Jewellery Limited Stock Forecast
Emperor Watch & Jewellery Limited stock price ended at HK$0.174 on Tuesday, after gaining 0.578%.
(Updated on Jun 18, 2024)
The Emperor Watch & Jewellery Limited stock price gained 0.578% on the last trading day (Tuesday, 18th Jun 2024), rising from HK$0.173 to HK$0.174. During the last trading day the stock fluctuated 0.575% from a day low at HK$0.174 to a day high of HK$0.175. The price has risen in 5 of the last 10 days and is up by 1.16% 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, 950 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately HK$361.92 thousand.
The stock lies in the middle of a 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 -2.71% during the next 3 months and, with a 90% probability hold a price between HK$0.160 and HK$0.183 at the end of this 3-month period.
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0887.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 2.96%. 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). Emperor Watch & Jewellery 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. The Emperor Watch & Jewellery Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.179. On a fall, the stock will find some support from the short-term average at HK$0.172. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Emperor Watch & Jewellery Limited stock
Emperor Watch & Jewellery Limited finds support from accumulated volume at HK$0.173 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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$0.0010 between high and low, or 0.575%. For the last week, the stock has had daily average volatility of 1.43%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0887.HK) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect Emperor Watch & Jewellery Limited to open at HK$0.174, and during the day (based on 14 day Average True Range), to move between HK$0.170 and HK$0.178, which gives a possible trading interval of +/-HK$0.0038 (+/-2.21%) up or down from last closing price. If Emperor Watch & Jewellery Limited takes out the full calculated possible swing range there will be an estimated 4.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$0.173 (0.57%) than the resistance at HK$0.178 (2.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Emperor Watch & Jewellery Limited stock A Buy?
Emperor Watch & Jewellery 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: -1.542 Sell Candidate Unchanged
Predicted Opening Price for Emperor Watch & Jewellery Limited of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| HK$0.174 ( 0.192%) | HK$0.174 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0887.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.175 | 0.766% |
| R2 | 0.175 | 0.547% |
| R1 | 0.175 | 0.411% |
| Price | 0.174 | |
| S1 | 0.174 | -0.0280% |
| S2 | 0.174 | -0.164% |
| S3 | 0.173 | -0.383% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.186 | 6.90% |
| R2 | 0.179 | 2.87% |
| R1 | 0.178 | 2.30% |
| Price | 0.174 | |
| S1 | 0.173 | -0.575% |
| S2 | 0.172 | -1.15% |
| S3 | 0.170 | -2.30% |
0887 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2024 | May 24, 2024 | Jun 20, 2024 | HK$0.0056 | 3.22% |
| 2 | Sep 07, 2023 | Sep 07, 2023 | Sep 22, 2023 | HK$0.0076 | 4.27% |
| 3 | May 30, 2023 | May 30, 2023 | May 30, 2023 | HK$0.0062 | 3.73% |
| 4 | Sep 13, 2022 | Sep 13, 2022 | Sep 28, 2022 | HK$0.0038 | 2.97% |
| 5 | May 30, 2022 | May 30, 2022 | Jun 17, 2022 | HK$0.0035 | 2.50% |
FAQ
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