APAC Resources Limited Stock Forecast
Red day on Thursday for APAC Resources Limited
(Updated on Jun 20, 2024)
No changes to the price of APAC Resources Limited stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at HK$1.06 to a day high of HK$1.06. The price has been going up and down for this period, and there has been a -7.83% loss for the last 2 weeks.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$1.04 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 3.91% during the next 3 months and, with a 90% probability hold a price between HK$1.09 and HK$1.30 at the end of this 3-month period.
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1104.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 1.92%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The APAC Resources 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$1.06 and HK$1.15. 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). 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.
Support, Risk & Stop-loss for APAC Resources Limited stock
APAC Resources Limited finds support from accumulated volume at HK$1.04 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, but be aware of low or falling volume as this increases the risk. 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 0%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1104.HK) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect APAC Resources Limited to open at HK$1.06, and during the day (based on 14 day Average True Range), to move between HK$1.04 and HK$1.08, which gives a possible trading interval of +/-HK$0.0166 (+/-1.56%) up or down from last closing price. If APAC Resources Limited takes out the full calculated possible swing range there will be an estimated 3.13% 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$1.04 (1.89%) than the resistance at HK$1.14 (7.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is APAC Resources Limited stock A Buy?
The APAC Resources Limited stock holds several negative signals and despite the positive trend, we believe APAC Resources Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.906 Sell Candidate Unchanged
Predicted Opening Price for APAC Resources Limited of Friday, June 21, 2024
Fair opening price June 21, 2024 | Current price |
---|---|
HK$1.06 ( 0%) | HK$1.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1104.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.06 | - |
R2 | 1.06 | - |
R1 | 1.06 | - |
Price | 1.06 | |
S1 | 1.06 | - |
S2 | 1.06 | - |
S3 | 1.06 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.19 | 12.26% |
R2 | 1.15 | 8.49% |
R1 | 1.14 | 7.55% |
Price | 1.06 | |
S1 | 1.04 | -1.89% |
S2 | 1.02 | -3.77% |
S3 | 0.96 | -9.43% |
1104 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 16, 2023 | Nov 16, 2023 | Jan 15, 2024 | HK$0.100 | 10.53% |
2 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | HK$0.100 | 9.17% |
3 | Dec 24, 2021 | Dec 24, 2021 | Dec 24, 2021 | HK$0.100 | 9.62% |
4 | Dec 23, 2021 | Dec 23, 2021 | Dec 23, 2021 | HK$0.100 | 9.43% |
5 | Nov 24, 2020 | Nov 24, 2020 | Nov 24, 2020 | HK$0.100 | 10.87% |
FAQ
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