Hisense Home Appliances Group Co., Ltd. Stock Forecast
Big movements in Hisense Home Appliances Group Co., Ltd. stock price on Friday moving 11.77% between high and low
(Updated on May 17, 2024)
The Hisense Home Appliances Group Co., Ltd. stock price fell by -4.53% on the last day (Friday, 17th May 2024) from HK$38.65 to HK$36.90. During the last trading day the stock fluctuated 11.77% from a day low at HK$35.25 to a day high of HK$39.40. The price has risen in 8 of the last 10 days and is up by 12.5% over the past 2 weeks. 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 -501 thousand shares and in total, 5 million shares were bought and sold for approximately HK$172.95 million.
The stock lies in the middle of a very wide and 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 65.40% during the next 3 months and, with a 90% probability hold a price between HK$50.95 and HK$64.36 at the end of this 3-month period.
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0921.HK Signals & Forecast
The Hisense Home Appliances Group Co., Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$36.96. On a fall, the stock will find some support from the long-term average at approximately HK$30.52. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -4.53%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Hisense Home Appliances Group Co., Ltd. stock
Hisense Home Appliances Group Co., Ltd. finds support from accumulated volume at HK$35.30 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$4.15 between high and low, or 11.77%. For the last week, the stock has had daily average volatility of 5.18%.
Our recommended stop-loss: HK$35.01 (-5.12%) (This stock has high daily movements and this gives high risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (0921.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Hisense Home Appliances Group Co., Ltd. to open at HK$37.18, and during the day (based on 14 day Average True Range), to move between HK$35.33 and HK$38.47, which gives a possible trading interval of +/-HK$1.57 (+/-4.25%) up or down from last closing price. If Hisense Home Appliances Group Co., Ltd. takes out the full calculated possible swing range there will be an estimated 8.50% 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$37.20 (0.81%) than the support at HK$35.30 (4.34%), 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 Hisense Home Appliances Group Co., Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Hisense Home Appliances Group Co., Ltd. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.782 Buy Candidate Upgraded
Predicted Opening Price for Hisense Home Appliances Group Co., Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$37.18 ( 0.768%) | HK$36.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0921.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.33 | 12.01 % | |
| R2 | 39.75 | 7.72 % | ||
| R1 | 38.77 | 5.06 % | ||
| Current price: | 36.90 | |||
| Support | S1 | 35.60 | -3.53 % | |
| S2 | 34.62 | -6.18 % | ||
| S3 | 33.03 | -10.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.65 | 4.74 % | |
| R2 | 37.60 | 1.90 % | ||
| R1 | 37.20 | 0.81 % | ||
| Current price | 36.90 | |||
| Support | S1 | 35.30 | -4.34% | |
| S2 | 33.05 | -10.43% | ||
| S3 | 28.60 | -22.49% |
0921 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 10, 2023 | Jul 10, 2023 | Jul 10, 2023 | HK$0.563 | 3.19% |
| 2 | Jun 30, 2022 | Jun 30, 2022 | Jun 30, 2022 | HK$0.251 | 2.83% |
| 3 | Jun 29, 2021 | Jun 29, 2021 | Jun 29, 2021 | HK$0.417 | 3.94% |
| 4 | Jun 30, 2020 | Jun 30, 2020 | Jun 30, 2020 | HK$0.432 | 4.80% |
| 5 | Jul 03, 2019 | Jul 03, 2019 | Jul 03, 2019 | HK$0.344 | 3.48% |
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