InvesTech Holdings Limited Stock Forecast

Red day on Friday for InvesTech Holdings Limited
(Updated on May 24, 2024)

1087.HK Signals & Forecast

There are few to no technical positive signals at the moment. The InvesTech 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$0.347 and HK$0.350. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -10.53%. 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). InvesTech Holdings Limited 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 InvesTech Holdings Limited stock

InvesTech Holdings Limited finds support from accumulated volume at HK$0.335 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$0.0150 between high and low, or 4.62%. For the last week, the stock has had daily average volatility of 4.53%.

Our recommended stop-loss: HK$0.323 (-5.09%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (1087.HK) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect InvesTech Holdings Limited to open at HK$0.335, and during the day (based on 14 day Average True Range), to move between HK$0.316 and HK$0.364, which gives a possible trading interval of +/-HK$0.0244 (+/-7.17%) up or down from last closing price. If InvesTech Holdings Limited takes out the full calculated possible swing range there will be an estimated 14.34% 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$0.335 (1.47%) than the resistance at HK$0.350 (2.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is InvesTech Holdings Limited stock A Buy?

InvesTech Holdings Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for InvesTech Holdings Limited of Monday, May 27, 2024

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