Huadian Power International Corp Ltd Stock Forecast
Stronger technical forecast for Huadian Power International Corp Ltd stock price after Thursday trading.
(Updated on Apr 25, 2024)
The Huadian Power International Corp Ltd stock price gained 3.07% on the last trading day (Thursday, 25th Apr 2024), rising from HK$4.24 to HK$4.37. During the last trading day the stock fluctuated 4.53% from a day low at HK$4.19 to a day high of HK$4.38. The price has fallen in 5 of the last 10 days and is down by -7.42% for this period. Volume fell on the last day by -22 million shares and in total, 12 million shares were bought and sold for approximately HK$50.98 million. 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 in the lower part of a 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$4.26 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 25.20% during the next 3 months and, with a 90% probability hold a price between HK$5.33 and HK$6.10 at the end of this 3-month period.
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1071.HK Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -7.81%. 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). The Huadian Power International Corp 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$4.34 and HK$4.27. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Huadian Power International Corp Ltd stock
Huadian Power International Corp Ltd finds support from accumulated volume at HK$4.19 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.190 between high and low, or 4.53%. For the last week, the stock has had daily average volatility of 4.82%.
Our recommended stop-loss: HK$4.14 (-5.17%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (1071.HK) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Huadian Power International Corporation Limited to open at HK$4.31, and during the day (based on 14 day Average True Range), to move between HK$4.16 and HK$4.58, which gives a possible trading interval of +/-HK$0.210 (+/-4.80%) up or down from last closing price. If Huadian Power International Corporation Limited takes out the full calculated possible swing range there will be an estimated 9.59% 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$4.46 (2.06%) than the support at HK$4.19 (4.12%), 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 Huadian Power International Corporation Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Huadian Power International Corp Ltd 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: 2.658 Buy Candidate Upgraded
Predicted Opening Price for Huadian Power International Corporation Limited of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| HK$4.31 ( 1.30%) | HK$4.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1071.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.50 | 3.05 % | |
| R2 | 4.43 | 1.39 % | ||
| R1 | 4.39 | 0.364 % | ||
| Current price: | 4.37 | |||
| Support | S1 | 4.24 | -2.96 % | |
| S2 | 4.20 | -3.98 % | ||
| S3 | 4.12 | -5.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.72 | 8.01 % | |
| R2 | 4.58 | 4.81 % | ||
| R1 | 4.46 | 2.06 % | ||
| Current price | 4.37 | |||
| Support | S1 | 4.19 | -4.12% | |
| S2 | 3.78 | -13.50% | ||
| S3 | 3.75 | -14.19% |
1071 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2023 | Jun 05, 2023 | Jun 05, 2023 | HK$0.222 | 5.53% |
| 2 | Jul 04, 2022 | Jul 04, 2022 | Jul 04, 2022 | HK$0.293 | 10.58% |
| 3 | Jul 05, 2021 | Jul 05, 2021 | Jul 05, 2021 | HK$0.300 | 13.40% |
| 4 | Jul 03, 2020 | Jul 03, 2020 | Jul 03, 2020 | HK$0.160 | 7.24% |
| 5 | Jun 28, 2019 | Jun 28, 2019 | Jun 28, 2019 | HK$0.0660 | 2.14% |
FAQ
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