Tibet Water Resources Ltd. Stock Forecast
Big movements in Tibet Water Resources Ltd. stock price on Thursday moving 35.85% between high and low
(Updated on May 09, 2024)
The Tibet Water Resources Ltd. stock price gained 9.43% on the last trading day (Thursday, 9th May 2024), rising from HK$0.265 to HK$0.290. During the last trading day the stock fluctuated 35.85% from a day low at HK$0.265 to a day high of HK$0.360. The price has fallen in 5 of the last 10 days but is still up by 11.54% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 129 million more shares were traded than the day before. In total, 129 million shares were bought and sold for approximately HK$37.42 million.
The stock lies in the middle of a wide and strong 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 11.67% during the next 3 months and, with a 90% probability hold a price between HK$0.284 and HK$0.345 at the end of this 3-month period.
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1115.HK Signals & Forecast
The Tibet Water Resources Ltd. 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$0.265 and HK$0.260. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 20.33%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Tibet Water Resources Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.265 and HK$0.245. 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, Tibet Water Resources Ltd. finds support just below today's level at HK$0.265. If this is broken, then the next support from accumulated volume will be at HK$0.245 and HK$0.241.
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$0.0950 between high and low, or 35.85%. For the last week, the stock has had daily average volatility of 13.68%.
Our recommended stop-loss: HK$0.276 (-4.70%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (1115.HK) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Tibet Water Resources Ltd. to open at HK$0.305, and during the day (based on 14 day Average True Range), to move between HK$0.265 and HK$0.315, which gives a possible trading interval of +/-HK$0.0249 (+/-8.58%) up or down from last closing price. If Tibet Water Resources Ltd. takes out the full calculated possible swing range there will be an estimated 17.17% 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$0.295 (1.72%) than the support at HK$0.265 (8.62%), 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 Tibet Water Resources Ltd. stock A Buy?
Tibet Water Resources Ltd. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.617 Strong Buy Candidate Upgraded
Predicted Opening Price for Tibet Water Resources Ltd. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| HK$0.305 ( 5.17%) | HK$0.290 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1115.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.400 | 37.93 % | |
| R2 | 0.364 | 25.42 % | ||
| R1 | 0.341 | 17.69 % | ||
| Current price: | 0.290 | |||
| Support | S1 | 0.269 | -7.34 % | |
| S2 | 0.246 | -15.07 % | ||
| S3 | 0.210 | -27.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.295 | 1.72 % | ||
| Current price | 0.290 | |||
| Support | S1 | 0.265 | -8.62% | |
| S2 | 0.245 | -15.52% | ||
| S3 | 0.241 | -16.90% |
1115 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 24, 2016 | Jun 16, 2016 | Jun 30, 2016 | HK$0.0386 | 1.42% |
| 2 | Mar 24, 2015 | Jun 15, 2015 | Jun 30, 2015 | HK$0.0386 | 1.39% |
| 3 | Mar 25, 2014 | Jun 13, 2014 | Jun 30, 2014 | HK$0.0771 | 2.90% |
| 4 | Mar 22, 2013 | Jun 13, 2013 | Jun 26, 2013 | HK$0.0578 | 1.95% |
| 5 | Mar 23, 2012 | Jun 13, 2012 | Jun 26, 2012 | HK$0.0289 | 1.97% |
FAQ
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