Hong Kong Education (Int'l) Investments Stock Forecast
Weaker technical forecast for Hong Kong Education (Int'l) Investments as stock downgraded to Buy Candidate.
(Updated on Jun 17, 2024)
No changes to the price of Hong Kong Education (Int'l) Investments stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$1.62 to a day high of HK$1.62. The price has risen in 6 of the last 10 days and is up by 4.52% over the past 2 weeks.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.98% during the next 3 months and, with a 90% probability hold a price between HK$1.48 and HK$1.78 at the end of this 3-month period.
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1082.HK Signals & Forecast
The Hong Kong Education (Int'l) Investments 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$1.56 and HK$1.46. 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 Friday, June 14, 2024, and so far it has fallen 0%. 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". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Monday, April 29, 2024 with a target of HK$1.49. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Hong Kong Education (Int'l) Investments stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$1.42 and HK$1.38. 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, Hong Kong Education (Int'l) Investments finds support just below today's level at HK$1.42. If this is broken, then the next support from accumulated volume will be at HK$1.38 and HK$1.37.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 5.03%
Our recommended stop-loss: HK$1.56 (-3.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 28 days ago.)
Trading Expectations (1082.HK) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Hong Kong Education (Int'l) Investments Limited to open at HK$1.62, and during the day (based on 14 day Average True Range), to move between HK$1.53 and HK$1.71, which gives a possible trading interval of +/-HK$0.0919 (+/-5.67%) up or down from last closing price. If Hong Kong Education (Int'l) Investments Limited takes out the full calculated possible swing range there will be an estimated 11.34% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$1.42, some HK$0.200 (12.35%) from the current price of HK$1.62, our system finds the risk reward attractive.
Is Hong Kong Education (Int'l) Investments 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 Hong Kong Education (Int'l) Investments stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.656 Buy Candidate Downgraded
Predicted Opening Price for Hong Kong Education (Int'l) Investments Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| HK$1.62 ( 0%) | HK$1.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1082.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.62 | - |
| R2 | 1.62 | - |
| R1 | 1.62 | - |
| Price | 1.62 | |
| S1 | 1.62 | - |
| S2 | 1.62 | - |
| S3 | 1.62 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 1.62 | |
| S1 | 1.42 | -12.35% |
| S2 | 1.38 | -14.81% |
| S3 | 1.37 | -15.43% |
1082 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 17, 2012 | Mar 02, 2012 | Apr 30, 2012 | HK$0.532 | 2.14% |
FAQ
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