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AI Analysis of 0993.HK
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Weaker technical forecast for Huarong International Financial Holdings as stock downgraded to Sell Candidate.
(Updated on Jun 20, 2024)

Sell candidate since Jun 20, 2024 PDF

The Huarong International Financial Holdings stock price fell by -1.85% on the last day (Thursday, 20th Jun 2024) from HK$0.0540 to HK$0.0530. During the last trading day the stock fluctuated 3.85% from a day low at HK$0.0520 to a day high of HK$0.0540. The price has fallen in 5 of the last 10 days and is down by -1.85% for this period. Volume has increased on the last day by 183 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 198 thousand shares were bought and sold for approximately HK$10.50 thousand.

The stock lies in the middle of a wide and weak 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 5.46% during the next 3 months and, with a 90% probability hold a price between HK$0.0520 and HK$0.0628 at the end of this 3-month period.

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0993.HK Signals & Forecast

There are few to no technical positive signals at the moment. The Huarong International Financial Holdings 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$0.0546 and HK$0.0557. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -10.17%. 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). Huarong International Financial Holdings gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Huarong International Financial Holdings stock

Huarong International Financial Holdings finds support from accumulated volume at HK$0.0520 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.0020 between high and low, or 3.85%. For the last week, the stock has had daily average volatility of 3.57%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (0993.HK) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Huarong International Financial Holdings Limited to open at HK$0.0530, and during the day (based on 14 day Average True Range), to move between HK$0.0501 and HK$0.0559, which gives a possible trading interval of +/-HK$0.0029 (+/-5.41%) up or down from last closing price. If Huarong International Financial Holdings Limited takes out the full calculated possible swing range there will be an estimated 10.82% 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$0.0540 (1.89%) than the support at HK$0.0520 (1.89%), 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 Huarong International Financial Holdings Limited stock A Buy?

The Huarong International Financial Holdings stock holds several negative signals and despite the positive trend, we believe Huarong International Financial Holdings will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.520 Sell Candidate Downgraded

Predicted Opening Price for Huarong International Financial Holdings Limited of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
HK$0.0530 ( 0%) HK$0.0530

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

Trading levels for 0993.HK

Fibonacci Support & Resistance Levels

Level Price
R3 0.0550 3.77%
R2 0.0542 2.33%
R1 0.0538 1.44%
Price 0.0530
S1 0.0522 -1.44%
S2 0.0518 -2.33%
S3 0.0510 -3.77%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.0590 11.32%
R2 0.0550 3.77%
R1 0.0540 1.89%
Price 0.0530
S1 0.0520 -1.89%
S2 0.0500 -5.66%
S3 0.0480 -9.43%

0993 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 29, 2018 May 29, 2018 May 29, 2018 HK$0.0170 0.98%
2 Aug 20, 2014 Aug 20, 2014 Aug 20, 2014 HK$0.148 3.33%
3 Feb 14, 2008 Feb 14, 2008 Feb 14, 2008 HK$0.278 1.45%
4 Sep 18, 2007 Sep 18, 2007 Sep 18, 2007 HK$0.333 1.30%
5 Sep 22, 2006 Sep 22, 2006 Sep 22, 2006 HK$0.333 3.00%

FAQ

What is the symbol for Huarong International Financial Holdings Limited Stock and on which exchange is it traded?
The symbol for Huarong International Financial Holdings Limited is 0993.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Huarong International Financial Holdings Limited Stock?
The Huarong International Financial Holdings stock holds several negative signals and despite the positive trend, we believe Huarong International Financial Holdings will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Huarong International Financial Holdings Limited Stock?
Huarong International Financial Holdings Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Huarong International Financial Holdings Limited Stock.

What's the current price of Huarong International Financial Holdings Limited Stock?
As of the end of day on the Jun 20, 2024, the price of an Huarong International Financial Holdings Limited (0993.HK) share was HK$0.0530.

What is the 52-week high and low for Huarong International Financial Holdings Limited Stock?
The 52-week high for Huarong International Financial Holdings Limited Stock is HK$0.0740 and the 52-week low is HK$0.0400.

What is the market capitalization of Huarong International Financial Holdings Limited Stock?
As of the Jun 20, 2024, the market capitalization of Huarong International Financial Holdings Limited is 452.899M.

When is the next earnings date for Huarong International Financial Holdings Limited?
The upcoming earnings date for Huarong International Financial Holdings Limited is Jun 13, 2025.
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About Huarong International Financial Holdings Limited

Huarong International Financial Holdings Limited, an investment holding company, provides financial services in Hong Kong and the People's Republic of China. The company operates through Securities, Corporate Finance, Asset Management and Direct Investment, and Financial Services and Others segments. The Securities segment engages in the broking and dealing of securities, futures, and options contracts; and provision of margin financing services.... 0993.HK Profile

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