Wynn Macau, Limited Stock Forecast
Wynn Macau, Limited stock price up 0.243% on Friday
(Updated on May 17, 2024)
The Wynn Macau, Limited stock price gained 0.243% on the last trading day (Friday, 17th May 2024), rising from HK$8.24 to HK$8.26. During the last trading day the stock fluctuated 1.59% from a day low at HK$8.18 to a day high of HK$8.31. The price has risen in 6 of the last 10 days and is up by 9.55% over the past 2 weeks. Volume fell on the last day by -6 million shares and in total, 9 million shares were bought and sold for approximately HK$71.84 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 22.42% during the next 3 months and, with a 90% probability hold a price between HK$9.17 and HK$10.38 at the end of this 3-month period.
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1128.HK Signals & Forecast
The Wynn Macau, Limited 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$8.12 and HK$7.61. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. 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. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -1.67%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Wynn Macau, Limited stock
Wynn Macau, Limited finds support from accumulated volume at HK$8.05 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$0.130 between high and low, or 1.59%. For the last week, the stock has had daily average volatility of 3.29%.
Our recommended stop-loss: HK$7.96 (-3.69%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (1128.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Wynn Macau, Limited to open at HK$8.25, and during the day (based on 14 day Average True Range), to move between HK$8.00 and HK$8.52, which gives a possible trading interval of +/-HK$0.263 (+/-3.18%) up or down from last closing price. If Wynn Macau, Limited takes out the full calculated possible swing range there will be an estimated 6.36% 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$8.40 (1.69%) than the support at HK$8.05 (2.54%), 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 Wynn Macau, Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Wynn Macau, Limited stock to perform well in the short-term.
Current score: 2.820 Buy Candidate Unchanged
Predicted Opening Price for Wynn Macau, Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$8.25 ( 0.121%) | HK$8.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1128.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.38 | 1.45 % | |
| R2 | 8.33 | 0.85 % | ||
| R1 | 8.30 | 0.480 % | ||
| Current price: | 8.26 | |||
| Support | S1 | 8.20 | -0.722 % | |
| S2 | 8.17 | -1.09 % | ||
| S3 | 8.12 | -1.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 8.40 | 1.69 % | ||
| Current price | 8.26 | |||
| Support | S1 | 8.05 | -2.54% | |
| S2 | 7.88 | -4.60% | ||
| S3 | 6.61 | -19.98% |
1128 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 03, 2024 | Jun 03, 2024 | Jun 19, 2024 | HK$0.0750 | 0.91% |
| 2 | Aug 15, 2019 | Aug 28, 2019 | Sep 16, 2019 | HK$0.450 | 2.71% |
| 3 | Mar 28, 2019 | Jun 03, 2019 | Jun 19, 2019 | HK$0.450 | 2.65% |
| 4 | Aug 17, 2018 | Sep 18, 2018 | Oct 05, 2018 | HK$0.430 | 2.43% |
| 5 | Mar 23, 2018 | Apr 10, 2018 | Apr 25, 2018 | HK$0.750 | 2.52% |
FAQ
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