Feiyu Technology International Co Ltd. Stock Forecast
Red day on Wednesday for Feiyu Technology International Co Ltd.
(Updated on Jun 19, 2024)
No changes to the price of Feiyu Technology International Co Ltd. stock on the last trading day (Wednesday, 19th Jun 2024). During the last trading day the stock fluctuated 0.83% from a day low at HK$0.240 to a day high of HK$0.242. The price has fallen in 6 of the last 10 days and is down by -8.68% for this period.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.230 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.98% during the next 3 months and, with a 90% probability hold a price between HK$0.257 and HK$0.338 at the end of this 3-month period.
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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$0.248 and HK$0.264. 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 -16.55%. 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
Feiyu Technology International Co Ltd. finds support from accumulated volume at HK$0.232 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0020 between high and low, or 0.83%. For the last week the stock has had daily average volatility of 1.39%.
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 Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Feiyu Technology International Company Ltd. to open at HK$0.241, and during the day (based on 14 day Average True Range), to move between HK$0.229 and HK$0.255, which gives a possible trading interval of +/-HK$0.0134 (+/-5.53%) 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 11.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at HK$0.232 (4.13%) than the resistance at HK$0.265 (9.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: -2.031 Sell Candidate Unchanged
Predicted Opening Price for Feiyu Technology International Company Ltd. of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| HK$0.241 ( 0.275%) | HK$0.242 |
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 | |
|---|---|---|
| R3 | 0.243 | 0.551% |
| R2 | 0.243 | 0.235% |
| R1 | 0.242 | 0.0402% |
| Price | 0.242 | |
| S1 | 0.241 | -0.591% |
| S2 | 0.240 | -0.786% |
| S3 | 0.239 | -1.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.290 | 19.83% |
| R2 | 0.285 | 17.77% |
| R1 | 0.265 | 9.50% |
| Price | 0.242 | |
| S1 | 0.232 | -4.13% |
| S2 | 0.228 | -5.79% |
| S3 | 0.209 | -13.64% |
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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