Man Sang International Limited Stock Forecast
Man Sang International Limited stock price down 0% on Thursday
(Updated on Jun 20, 2024)
No changes to the price of Man Sang International Limited stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$0.86 to a day high of HK$0.86. The price has fallen in 4 of the last 10 days and is down by -1.15% for this period.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Man Sang International Limited stock with a 90% probability to be traded between HK$0.82 and HK$0.98 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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0938.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Man Sang International 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$0.87 and HK$0.89. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Man Sang International Limited stock
Man Sang International Limited finds support from accumulated volume at HK$0.85 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 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.98%
Our recommended stop-loss: HK$0.81 (-6.12%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (0938.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Man Sang International Limited to open at HK$0.86, and during the day (based on 14 day Average True Range), to move between HK$0.778 and HK$0.94, which gives a possible trading interval of +/-HK$0.0824 (+/-9.58%) up or down from last closing price. If Man Sang International Limited takes out the full calculated possible swing range there will be an estimated 19.16% 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$0.87 (1.16%) than the support at HK$0.85 (1.16%), 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 Man Sang International Limited stock A Buy?
Man Sang International Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Man Sang International Limited of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
HK$0.86 ( 0%) | HK$0.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0938.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.86 | - |
R2 | 0.86 | - |
R1 | 0.86 | - |
Price | 0.86 | |
S1 | 0.86 | - |
S2 | 0.86 | - |
S3 | 0.86 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.92 | 6.98% |
R2 | 0.91 | 5.81% |
R1 | 0.87 | 1.16% |
Price | 0.86 | |
S1 | 0.85 | -1.16% |
S2 | 0.84 | -2.33% |
S3 | 0.81 | -5.81% |
0938 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 22, 2013 | Aug 22, 2013 | Aug 22, 2013 | HK$0.100 | 14.93% |
2 | Dec 12, 2012 | Dec 12, 2012 | Dec 12, 2012 | HK$0.750 | 200.00% |
3 | Aug 21, 2012 | Aug 21, 2012 | Aug 21, 2012 | HK$0.100 | 30.30% |
4 | Dec 12, 2011 | Dec 12, 2011 | Dec 12, 2011 | HK$0.150 | 31.25% |
5 | Dec 30, 2009 | Dec 30, 2009 | Dec 30, 2009 | HK$0.150 | 28.30% |
FAQ
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