Kelfred Holdings Ltd Stock Forecast
Kelfred Holdings Ltd stock price up 4.94% on Friday
(Updated on May 17, 2024)
The Kelfred Holdings Ltd stock price gained 4.94% on the last trading day (Friday, 17th May 2024), rising from HK$0.405 to HK$0.425. During the last trading day the stock fluctuated 0% from a day low at HK$0.425 to a day high of HK$0.425. The price has been going up and down for this period, and there has been a 7.59% gain for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 4 thousand shares were bought and sold for approximately HK$1.70 thousand. 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 has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. HK$0.424 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach HK$0.469 sometime during the next 3 months.
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1134.HK Signals & Forecast
The Kelfred Holdings 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$0.419 and HK$0.404. 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). 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 Wednesday, May 08, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Kelfred Holdings Ltd stock
Kelfred Holdings Ltd finds support from accumulated volume at HK$0.420 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 1.01%.
Our recommended stop-loss: HK$0.412 (-3.16%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (1134.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Kelfred Holdings Ltd to open at HK$0.425, and during the day (based on 14 day Average True Range), to move between HK$0.409 and HK$0.441, which gives a possible trading interval of +/-HK$0.0160 (+/-3.77%) up or down from last closing price. If Kelfred Holdings Ltd takes out the full calculated possible swing range there will be an estimated 7.53% 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$0.420 (1.18%) than the resistance at HK$0.435 (2.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kelfred Holdings Ltd stock A Buy?
Kelfred Holdings Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.151 Hold/Accumulate Unchanged
Predicted Opening Price for Kelfred Holdings Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$0.425 ( 0%) | HK$0.425 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1134.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.425 | . | |
| R2 | 0.425 | . | ||
| R1 | 0.425 | . | ||
| Current price: | 0.425 | |||
| Support | S1 | 0.425 | . | |
| S2 | 0.425 | . | ||
| S3 | 0.425 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.435 | 2.35 % | ||
| Current price | 0.425 | |||
| Support | S1 | 0.420 | -1.18% | |
| S2 | 0.400 | -5.88% | ||
| S3 | 0.390 | -8.24% |
1134 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 23, 2020 | May 26, 2020 | Jun 22, 2020 | HK$0.0200 | 1.96% |
FAQ
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