Emperor Watch & Jewellery Limited Stock Forecast
Emperor Watch & Jewellery Limited stock price down 2.89% on Wednesday
(Updated on Jun 26, 2024)
The Emperor Watch & Jewellery Limited stock price fell by -2.89% on the last day (Wednesday, 26th Jun 2024) from HK$0.173 to HK$0.168. During the last trading day the stock fluctuated 3.57% from a day low at HK$0.168 to a day high of HK$0.174. The price has risen in 4 of the last 10 days but is still down by -1.18% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 680 thousand shares were bought and sold for approximately HK$114.24 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.165 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.24% during the next 3 months and, with a 90% probability hold a price between HK$0.161 and HK$0.184 at the end of this 3-month period.
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0887.HK Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$0.173 and HK$0.178. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -4.55%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Emperor Watch & Jewellery Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved HK$0.0060 between high and low, or 3.57%. For the last week the stock has had daily average volatility of 1.06%
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 Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Emperor Watch & Jewellery Limited to open at HK$0.170, and during the day (based on 14 day Average True Range), to move between HK$0.165 and HK$0.171, which gives a possible trading interval of +/-HK$0.0034 (+/-2.01%) 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 4.03% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ HK$0.170, some HK$0.0020 (1.19%) from the current price of HK$0.168, our system finds the risk reward not very attractive.
Is Emperor Watch & Jewellery Limited stock A Buy?
Emperor Watch & Jewellery Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.366 Sell Candidate Unchanged
Predicted Opening Price for Emperor Watch & Jewellery Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| HK$0.170 ( 1.19%) | HK$0.168 |
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 | 0.176 | 4.76% |
| R2 | 0.174 | 3.40% |
| R1 | 0.172 | 2.55% |
| Price | 0.168 | |
| S1 | 0.168 | -0.174% |
| S2 | 0.166 | -1.02% |
| S3 | 0.164 | -2.38% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.174 | 3.57% |
| R2 | 0.173 | 2.98% |
| R1 | 0.170 | 1.19% |
| Price | 0.168 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
0887 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2024 | May 24, 2024 | Jun 20, 2024 | HK$0.0056 | 3.18% |
| 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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