KNT Holdings Limited Stock Forecast
Stronger technical forecast for KNT Holdings Limited stock price after Thursday trading.
(Updated on May 02, 2024)
The KNT Holdings Limited stock price gained 1.61% on the last trading day (Thursday, 2nd May 2024), rising from HK$0.0620 to HK$0.0630. During the last trading day the stock fluctuated 8.47% from a day low at HK$0.0590 to a day high of HK$0.0640. The price has fallen in 6 of the last 10 days and is down by -72% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 million more shares were traded than the day before. In total, 25 million shares were bought and sold for approximately HK$1.57 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.0551 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -47.90% during the next 3 months and, with a 90% probability hold a price between HK$0.0287 and HK$0.111 at the end of this 3-month period.
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1025.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 1.61%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The KNT Holdings 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$0.0690 and HK$0.218. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for KNT Holdings Limited stock
KNT Holdings Limited finds support from accumulated volume at HK$0.0620 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0050 between high and low, or 8.47%. For the last week, the stock has had daily average volatility of 12.20%.
KNT Holdings Limited is oversold on RSI14 (5). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1025.HK) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect KNT Holdings Limited to open at HK$0.0620, and during the day (based on 14 day Average True Range), to move between HK$0.0359 and HK$0.0901, which gives a possible trading interval of +/-HK$0.0271 (+/-43.09%) up or down from last closing price. If KNT Holdings Limited takes out the full calculated possible swing range there will be an estimated 86.18% 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$0.0620 (1.59%) than the resistance at HK$0.0680 (7.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KNT Holdings Limited stock A Buy?
KNT Holdings Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.113 Sell Candidate Upgraded
Predicted Opening Price for KNT Holdings Limited of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| HK$0.0620 ( 1.59%) | HK$0.0630 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1025.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0670 | 6.35 % | |
| R2 | 0.0651 | 3.32 % | ||
| R1 | 0.0639 | 1.44 % | ||
| Current price: | 0.0630 | |||
| Support | S1 | 0.0601 | -4.62 % | |
| S2 | 0.0589 | -6.49 % | ||
| S3 | 0.0570 | -9.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0760 | 20.63 % | |
| R2 | 0.0700 | 11.11 % | ||
| R1 | 0.0680 | 7.94 % | ||
| Current price | 0.0630 | |||
| Support | S1 | 0.0620 | -1.59% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
1025 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 26, 2019 | Sep 10, 2019 | Oct 08, 2019 | HK$0.0319 | 6.67% |
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