RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 1003.HK
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High volatility in Huanxi Media Group Limited stock price on Wednesday which ended trading at HK$0.560
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 26, 2024 Loss -5.08% PDF

The Huanxi Media Group Limited stock price fell by -5.08% on the last day (Wednesday, 27th Mar 2024) from HK$0.590 to HK$0.560. During the last trading day the stock fluctuated 10.91% from a day low at HK$0.550 to a day high of HK$0.610. The price has been going up and down for this period, and there has been a 0% change for the last 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 -1 million shares and in total, 5 million shares were bought and sold for approximately HK$2.90 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -16.66% during the next 3 months and, with a 90% probability hold a price between HK$0.419 and HK$0.499 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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1003.HK Signals & Forecast

There are mixed signals in the stock today. The Huanxi Media Group 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$0.564 and HK$0.578. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Thursday, March 07, 2024, and so far it has risen 5.66%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Huanxi Media Group Limited stock

Huanxi Media Group Limited finds support from accumulated volume at HK$0.550 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$0.0600 between high and low, or 10.91%. For the last week, the stock has had daily average volatility of 8.46%.

Our recommended stop-loss: HK$0.531 (-5.22%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (1003.HK) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Huanxi Media Group Limited to open at HK$0.573, and during the day (based on 14 day Average True Range), to move between HK$0.517 and HK$0.603, which gives a possible trading interval of +/-HK$0.0431 (+/-7.69%) up or down from last closing price. If Huanxi Media Group Limited takes out the full calculated possible swing range there will be an estimated 15.38% 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$0.570 (1.79%) than the support at HK$0.550 (1.79%), 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 Huanxi Media Group Limited stock A Buy?

Huanxi Media Group Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.904 Hold/Accumulate Downgraded

Predicted Opening Price for Huanxi Media Group Limited of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
HK$0.573 ( 2.38%) HK$0.560

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

Trading levels for 1003.HK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.633 13.10 %
R2 0.610 9.00 %
R1 0.596 6.47 %
Current price: 0.560
Support S1 0.550 -1.71 %
S2 0.536 -4.24 %
S3 0.513 -8.33 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.640 14.29 %
R2 0.580 3.57 %
R1 0.570 1.79 %
Current price 0.560
Support S1 0.550 -1.79%
S2 0.530 -5.36%
S3 0 .

FAQ

What is the symbol for Huanxi Media Group Limited Stock and on which exchange is it traded?
The symbol for Huanxi Media Group Limited is 1003.HK and it is traded on the HKEX (Hong Kong Stock Exchange).

Should I buy or sell Huanxi Media Group Limited Stock?
Huanxi Media Group Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Huanxi Media Group Limited Stock?
Huanxi Media Group 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 Huanxi Media Group Limited Stock.

What's the current price of Huanxi Media Group Limited Stock?
As of the end of day on the 2024-03-27, the price of an Huanxi Media Group Limited (1003.HK) share was HK$0.560.

What is the 52-week high and low for Huanxi Media Group Limited Stock?
The 52-week high for Huanxi Media Group Limited Stock is HK$1.24 and the 52-week low is HK$0.500.

What is the market capitalization of Huanxi Media Group Limited Stock?
As of the 2024-03-27, the market capitalization of Huanxi Media Group Limited is 2.157B.

When is the next earnings date for Huanxi Media Group Limited?
The upcoming earnings date for Huanxi Media Group Limited is Aug 19, 2024.
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About Huanxi Media Group Limited

Huanxi Media Group Limited Huanxi Media Group Limited, an investment holding company, engages in the media and entertainment, and related businesses in the People's Republic of China and Hong Kong. The company develops and invests in films and television drama series. It also develops and operates huanxi.com, an online video platform, as well as offers internet audio-visual programs services. The company was formerly known as 21 Holdings Limited and changed its name to Hua... 1003.HK Profile

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