Feiyu Technology International Co Ltd. Stock Forecast
Feiyu Technology International Co Ltd. stock upgraded to Buy Candidate.
(Updated on May 17, 2024)
The Feiyu Technology International Co Ltd. stock price gained 3.77% on the last trading day (Friday, 17th May 2024), rising from HK$0.265 to HK$0.275. During the last trading day the stock fluctuated 5.66% from a day low at HK$0.265 to a day high of HK$0.280. The price has fallen in 5 of the last 10 days but is still up by 16.53% over the past 2 weeks. Volume fell on the last day by -240 thousand shares and in total, 548 thousand shares were bought and sold for approximately HK$150.56 thousand. 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 stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at HK$0.291 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.14% during the next 3 months and, with a 90% probability hold a price between HK$0.203 and HK$0.284 at the end of this 3-month period.
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1022.HK Signals & Forecast
The Feiyu Technology International Co Ltd. 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$0.272 and HK$0.242. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Friday, May 03, 2024, and so far it has fallen -5.17%. Further fall is indicated until a new bottom pivot has been found. 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 also not.
Support, Risk & Stop-loss for Feiyu Technology International Co Ltd. stock
Feiyu Technology International Co Ltd. 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0150 between high and low, or 5.66%. For the last week the stock has had daily average volatility of 5.27%.
Our recommended stop-loss: HK$0.263 (-4.28%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (1022.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Feiyu Technology International Company Ltd. to open at HK$0.273, and during the day (based on 14 day Average True Range), to move between HK$0.257 and HK$0.293, which gives a possible trading interval of +/-HK$0.0182 (+/-6.63%) up or down from last closing price. If Feiyu Technology International Company Ltd. takes out the full calculated possible swing range there will be an estimated 13.25% 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$0.280 (1.82%) than the support at HK$0.265 (3.64%), 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.
Earnings coming up
Feiyu Technology International Company Ltd. will release earnings BMO on Friday, May 24, 2024. We will update the financials statements for Feiyu Technology International Company Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.73% in the first trading day after earnings release.
Is Feiyu Technology International Company Ltd. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.387 Buy Candidate Upgraded
Predicted Opening Price for Feiyu Technology International Company Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$0.273 ( 0.606%) | HK$0.275 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1022.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.288 | 4.85 % | |
| R2 | 0.283 | 2.76 % | ||
| R1 | 0.279 | 1.48 % | ||
| Current price: | 0.275 | |||
| Support | S1 | 0.268 | -2.69 % | |
| S2 | 0.264 | -3.98 % | ||
| S3 | 0.258 | -6.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.290 | 5.45 % | |
| R2 | 0.285 | 3.64 % | ||
| R1 | 0.280 | 1.82 % | ||
| Current price | 0.275 | |||
| Support | S1 | 0.265 | -3.64% | |
| S2 | 0.260 | -5.45% | ||
| S3 | 0.228 | -17.09% |
1022 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 24, 2016 | May 24, 2016 | Jun 06, 2016 | HK$0.0300 | 1.53% |
| 2 | Aug 18, 2015 | Aug 31, 2015 | Sep 11, 2015 | HK$0.0300 | 1.69% |
FAQ
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