Green Future Food Hydrcd Mrn Sci Co Ltd Stock Forecast
Green Future Food Hydrcd Mrn Sci Co Ltd stock downgraded from Hold/Accumulate to Strong Sell Candidate after Friday trading session.
(Updated on May 17, 2024)
The Green Future Food Hydrcd Mrn Sci Co Ltd stock price fell by -1.32% on the last day (Friday, 17th May 2024) from HK$0.760 to HK$0.750. During the last trading day the stock fluctuated 4.11% from a day low at HK$0.730 to a day high of HK$0.760. The price has fallen in 7 of the last 10 days and is down by -5.06% for this period. Volume has increased on the last day by 148 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 750 thousand shares were bought and sold for approximately HK$562.50 thousand.
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 4.49% during the next 3 months and, with a 90% probability hold a price between HK$0.751 and HK$0.87 at the end of this 3-month period.
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1084.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Green Future Food Hydrcd Mrn Sci Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$0.763 and HK$0.757. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -8.54%. 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). Green Future Food Hydrcd Mrn Sci Co Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Green Future Food Hydrcd Mrn Sci Co Ltd stock
Green Future Food Hydrcd Mrn Sci Co Ltd finds support from accumulated volume at HK$0.730 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.0300 (4.11%) between high and low. For the last week, the stock has had daily average volatility of 3.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1084.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Green Future Food Hydrcd Mrn Sci Co Ltd to open at HK$0.747, and during the day (based on 14 day Average True Range), to move between HK$0.709 and HK$0.791, which gives a possible trading interval of +/-HK$0.0405 (+/-5.40%) up or down from last closing price. If Green Future Food Hydrcd Mrn Sci Co Ltd takes out the full calculated possible swing range there will be an estimated 10.81% 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$0.760 (1.33%) than the support at HK$0.730 (2.67%), 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 Green Future Food Hydrcd Mrn Sci Co Ltd stock A Buy?
The Green Future Food Hydrcd Mrn Sci Co Ltd stock holds several negative signals and despite the positive trend, we believe Green Future Food Hydrcd Mrn Sci Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -5.670 Strong Sell Candidate Downgraded
Predicted Opening Price for Green Future Food Hydrcd Mrn Sci Co Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$0.747 ( 0.444%) | HK$0.750 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1084.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.777 | 3.56 % | |
| R2 | 0.765 | 2.03 % | ||
| R1 | 0.758 | 1.08 % | ||
| Current price: | 0.750 | |||
| Support | S1 | 0.735 | -1.97 % | |
| S2 | 0.728 | -2.92 % | ||
| S3 | 0.717 | -4.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.790 | 5.33 % | |
| R2 | 0.770 | 2.67 % | ||
| R1 | 0.760 | 1.33 % | ||
| Current price | 0.750 | |||
| Support | S1 | 0.730 | -2.67% | |
| S2 | 0.720 | -4.00% | ||
| S3 | 0.710 | -5.33% |
1084 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2023 | Jun 06, 2023 | Jun 06, 2023 | HK$0.0300 | 2.83% |
| 2 | Sep 13, 2022 | Sep 13, 2022 | Sep 13, 2022 | HK$0.0200 | 0.645% |
| 3 | Jun 06, 2022 | Jun 06, 2022 | Jun 06, 2022 | HK$0.0250 | 0.625% |
| 4 | Sep 10, 2021 | Sep 10, 2021 | Sep 10, 2021 | HK$0.0150 | 1.28% |
| 5 | Jun 03, 2021 | Jun 03, 2021 | Jun 03, 2021 | HK$0.0250 | 2.03% |
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