Feiyu Technology International Co Ltd. Stock Forecast

Red day on Friday for Feiyu Technology International Co Ltd.
(Updated on Jun 14, 2024)

1022.HK Signals & Forecast

There are few to no technical positive signals at the moment. The Feiyu Technology International Co Ltd. 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$0.256 and HK$0.262. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -12.07%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Feiyu Technology International Co Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.232 and HK$0.228. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Feiyu Technology International Co Ltd. finds support just below today's level at HK$0.232. If this is broken, then the next support from accumulated volume will be at HK$0.228 and HK$0.209.

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 3.20%.

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

Trading Expectations (1022.HK) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Feiyu Technology International Company Ltd. to open at HK$0.255, and during the day (based on 14 day Average True Range), to move between HK$0.240 and HK$0.270, which gives a possible trading interval of +/-HK$0.0153 (+/-6.00%) 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 12.00% 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$0.265 (3.92%) than the support at HK$0.232 (9.02%), 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 Feiyu Technology International Company Ltd. stock A Buy?

The Feiyu Technology International Co Ltd. stock holds several negative signals and despite the positive trend, we believe Feiyu Technology International Co Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.707 Sell Candidate Unchanged

Predicted Opening Price for Feiyu Technology International Company Ltd. of Monday, June 17, 2024

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