Goodbaby International Holdings Limited Stock Forecast
Goodbaby International Holdings Limited stock price ended at HK$0.630 on Friday, after losing 0%.
(Updated on May 17, 2024)
No changes to the price of Goodbaby International Holdings Limited stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 6.67% from a day low at HK$0.600 to a day high of HK$0.640. The price has fallen in 5 of the last 10 days and is down by -7.35% for this period.
The stock has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately HK$0.630 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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1086.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Goodbaby International 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$0.651 and HK$0.659. 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 Goodbaby International Holdings Limited stock
Goodbaby International Holdings Limited finds support from accumulated volume at HK$0.620 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$0.0400 between high and low, or 6.67%. For the last week, the stock has had daily average volatility of 4.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1086.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Goodbaby International Holdings Limited to open at HK$0.623, and during the day (based on 14 day Average True Range), to move between HK$0.605 and HK$0.655, which gives a possible trading interval of +/-HK$0.0250 (+/-3.97%) up or down from last closing price. If Goodbaby International Holdings Limited takes out the full calculated possible swing range there will be an estimated 7.94% 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$0.620 (1.59%) than the resistance at HK$0.650 (3.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Goodbaby International Holdings Limited stock A Buy?
Goodbaby International Holdings Limited holds several negative signals and is within a 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.
Current score: -1.667 Sell Candidate Unchanged
Predicted Opening Price for Goodbaby International Holdings Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$0.623 ( 1.06%) | HK$0.630 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1086.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.663 | 5.29 % | |
| R2 | 0.648 | 2.87 % | ||
| R1 | 0.639 | 1.37 % | ||
| Current price: | 0.630 | |||
| Support | S1 | 0.608 | -3.48 % | |
| S2 | 0.599 | -4.98 % | ||
| S3 | 0.583 | -7.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.670 | 6.35 % | |
| R2 | 0.660 | 4.76 % | ||
| R1 | 0.650 | 3.17 % | ||
| Current price | 0.630 | |||
| Support | S1 | 0.620 | -1.59% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
1086 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 26, 2018 | Jun 01, 2018 | Jun 01, 2018 | HK$0.0500 | 1.01% |
| 2 | Mar 28, 2017 | Jun 01, 2017 | Jun 01, 2017 | HK$0.0500 | 1.32% |
| 3 | Mar 29, 2016 | May 30, 2016 | Jun 16, 2016 | HK$0.0500 | 1.40% |
| 4 | Mar 19, 2014 | May 27, 2014 | Jun 06, 2014 | HK$0.0500 | 1.23% |
| 5 | Mar 20, 2013 | May 29, 2013 | Jun 07, 2013 | HK$0.0500 | 1.21% |
FAQ
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