Zhuguang Holdings Group Company Limited Stock Forecast
Zhuguang Holdings Group Company Limited stock price down 4.29% on Wednesday
(Updated on Jun 26, 2024)
The Zhuguang Holdings Group Company Limited stock price fell by -4.29% on the last day (Wednesday, 26th Jun 2024) from HK$0.140 to HK$0.134. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 7.63% from a day low at HK$0.131 to a day high of HK$0.141. The price has fallen in 8 of the last 10 days and is down by -20.71% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -86 million shares and in total, 83 million shares were bought and sold for approximately HK$11.18 million.
Given the current short-term trend, the stock is expected to rise 34.08% during the next 3 months and, with a 90% probability hold a price between HK$0.180 and HK$0.434 at the end of this 3-month period.
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1176.HK Signals & Forecast
There are few to no technical positive signals at the moment. The Zhuguang Holdings Group Company 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$0.153 and HK$0.189. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -53.79%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Zhuguang Holdings Group Company Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.119 and HK$0.117. 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, Zhuguang Holdings Group Company Limited finds support just below today's level at HK$0.119. If this is broken, then the next support from accumulated volume will be at HK$0.117 and HK$0.112.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0100 between high and low, or 7.63%. For the last week, the stock has had daily average volatility of 7.80%.
Zhuguang Holdings Group Company Limited is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1176.HK) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Zhuguang Holdings Group Company Limited to open at HK$0.135, and during the day (based on 14 day Average True Range), to move between HK$0.116 and HK$0.152, which gives a possible trading interval of +/-HK$0.0176 (+/-13.15%) up or down from last closing price. If Zhuguang Holdings Group Company Limited takes out the full calculated possible swing range there will be an estimated 26.30% 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$0.139 (3.73%) than the support at HK$0.119 (11.19%), 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 Zhuguang Holdings Group Company Limited stock A Buy?
The Zhuguang Holdings Group Company Limited stock holds several negative signals and despite the positive trend, we believe Zhuguang Holdings Group Company Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.500 Sell Candidate Unchanged
Predicted Opening Price for Zhuguang Holdings Group Company Limited of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
HK$0.135 ( 1.00%) | HK$0.134 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1176.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.145 | 8.46% |
R2 | 0.142 | 5.61% |
R1 | 0.139 | 3.85% |
Price | 0.134 | |
S1 | 0.132 | -1.86% |
S2 | 0.129 | -3.62% |
S3 | 0.125 | -6.47% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.143 | 6.72% |
R2 | 0.140 | 4.48% |
R1 | 0.139 | 3.73% |
Price | 0.134 | |
S1 | 0.119 | -11.19% |
S2 | 0.117 | -12.69% |
S3 | 0.112 | -16.42% |
1176 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 17, 2021 | Jun 17, 2021 | Jun 17, 2021 | HK$0.0900 | 5.20% |
2 | Aug 20, 2009 | Aug 20, 2009 | Aug 20, 2009 | HK$0.0275 | 2.56% |
FAQ
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