HJ Capital Stock Forecast

Red day on Thursday for HJ Capital
(Updated on Jun 20, 2024)

0982.HK Signals & Forecast

The HJ Capital stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$0.267 and HK$0.227. A breakdown below any of these levels will issue sell signals. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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 Tuesday, May 28, 2024, and so far it has fallen -1.82%. 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).

Support, Risk & Stop-loss for HJ Capital stock

HJ Capital finds support from accumulated volume at HK$0.265 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$0.0100 between high and low, or 3.85%. For the last week, the stock has had daily average volatility of 3.06%.

Our recommended stop-loss: HK$0.259 (-4.07%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 22 days ago.)

Trading Expectations (0982.HK) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect HJ Capital to open at HK$0.267, and during the day (based on 14 day Average True Range), to move between HK$0.261 and HK$0.279, which gives a possible trading interval of +/-HK$0.0086 (+/-3.18%) up or down from last closing price. If HJ Capital takes out the full calculated possible swing range there will be an estimated 6.37% 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$0.275 (1.85%) than the support at HK$0.265 (1.85%), 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 HJ Capital 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 HJ Capital stock to perform well in the short-term.

Current score: 2.464 Buy Candidate Unchanged

Predicted Opening Price for HJ Capital of Friday, June 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.