Vanke Overseas Investment Holding Co Ltd Stock Forecast

Vanke Overseas Investment Holding Co Ltd stock price ended at HK$1.42 on Friday, after losing 0%.
(Updated on May 17, 2024)

1036.HK Signals & Forecast

The Vanke Overseas Investment Holding 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$1.40 and HK$1.31. 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 Tuesday, April 30, 2024, and so far it has fallen -2.07%. Further fall is indicated until a new bottom pivot has been found. 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".

Support, Risk & Stop-loss for Vanke Overseas Investment Holding Co Ltd stock

Vanke Overseas Investment Holding Co Ltd finds support from accumulated volume at HK$1.41 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved HK$0.130 between high and low, or 9.92%. For the last week the stock has had daily average volatility of 3.42%.

The Vanke Overseas Investment Holding Co Ltd stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: HK$1.37 (-3.81%) (This stock has high daily movements and this gives high risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (1036.HK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Vanke Overseas Investment Holding Company Limited to open at HK$1.39, and during the day (based on 14 day Average True Range), to move between HK$1.37 and HK$1.47, which gives a possible trading interval of +/-HK$0.0454 (+/-3.20%) up or down from last closing price. If Vanke Overseas Investment Holding Company Limited takes out the full calculated possible swing range there will be an estimated 6.39% 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$1.41 (0.70%) than the resistance at HK$1.45 (2.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Vanke Overseas Investment Holding Company Limited 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.

Current score: 1.151 Buy Candidate Unchanged

Predicted Opening Price for Vanke Overseas Investment Holding Company Limited of Monday, May 20, 2024

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