MOBI Development Co., Ltd. Stock Forecast
Green day on Friday for MOBI Development Co., Ltd. stock after gaining 2.65%
(Updated on May 03, 2024)
The MOBI Development Co., Ltd. stock price gained 2.65% on the last trading day (Friday, 3rd May 2024), rising from HK$0.151 to HK$0.155. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0% from a day low at HK$0.155 to a day high of HK$0.155. The price has risen in 6 of the last 10 days and is up by 4.73% over the past 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 3 thousand shares were bought and sold for approximately HK$465.00 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is HK$0.151, a level that may pose a second chance to hit a runner. According to fan-theory HK$0.188 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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0947.HK Signals & Forecast
The MOBI Development Co., Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$0.147 and HK$0.151. A breakdown below any of these levels will issue sell signals. 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 Monday, April 15, 2024, and so far it has fallen -3.13%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for MOBI Development Co., Ltd. stock
MOBI Development Co., Ltd. finds support from accumulated volume at HK$0.153 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, but be aware of low or falling volume as this increases the risk. 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 2.87%.
Our recommended stop-loss: HK$0.149 (-3.92%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (0947.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect MOBI Development Co., Ltd. to open at HK$0.155, and during the day (based on 14 day Average True Range), to move between HK$0.146 and HK$0.164, which gives a possible trading interval of +/-HK$0.0089 (+/-5.72%) up or down from last closing price. If MOBI Development Co., Ltd. takes out the full calculated possible swing range there will be an estimated 11.44% 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$0.153 (1.29%) than the resistance at HK$0.161 (3.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MOBI Development Co., Ltd. stock A Buy?
MOBI Development Co., Ltd. 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: -0.054 Hold/Accumulate Unchanged
Predicted Opening Price for MOBI Development Co., Ltd. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$0.155 ( 0%) | HK$0.155 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0947.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.155 | . | |
| R2 | 0.155 | . | ||
| R1 | 0.155 | . | ||
| Current price: | 0.155 | |||
| Support | S1 | 0.155 | . | |
| S2 | 0.155 | . | ||
| S3 | 0.155 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.180 | 16.13 % | |
| R2 | 0.175 | 12.90 % | ||
| R1 | 0.161 | 3.87 % | ||
| Current price | 0.155 | |||
| Support | S1 | 0.153 | -1.29% | |
| S2 | 0.148 | -4.52% | ||
| S3 | 0.132 | -14.84% |
0947 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 09, 2020 | Jun 09, 2020 | Jun 09, 2020 | HK$0.0200 | 2.56% |
| 2 | May 24, 2019 | May 24, 2019 | May 24, 2019 | HK$0.0200 | 2.02% |
| 3 | Jul 03, 2018 | Jul 03, 2018 | Jul 03, 2018 | HK$0.0400 | 4.60% |
| 4 | May 28, 2018 | May 28, 2018 | May 28, 2018 | HK$0.0400 | 3.70% |
| 5 | May 29, 2017 | May 29, 2017 | May 29, 2017 | HK$0.0400 | 3.60% |
FAQ
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