Paradise Entertainment Limited Stock Forecast
Stronger technical forecast for Paradise Entertainment Limited stock price after Friday trading.
(Updated on Jun 14, 2024)
The Paradise Entertainment Limited stock price gained 1.23% on the last trading day (Friday, 14th Jun 2024), rising from HK$0.81 to HK$0.82. During the last trading day the stock fluctuated 2.44% from a day low at HK$0.82 to a day high of HK$0.84. The price has fallen in 4 of the last 10 days and is down by -7.87% for this period. Volume fell on the last day by -80 thousand shares and in total, 56 thousand shares were bought and sold for approximately HK$45.92 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 lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at HK$0.81 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.74% during the next 3 months and, with a 90% probability hold a price between HK$0.771 and HK$0.87 at the end of this 3-month period.
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1180.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 1.23%. 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 Paradise Entertainment 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$0.84 and HK$0.88. 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 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 Paradise Entertainment Limited stock
Paradise Entertainment Limited finds support from accumulated volume at HK$0.81 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$0.0200 between high and low, or 2.44%. For the last week the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: HK$0.774 (-5.66%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (1180.HK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Paradise Entertainment Limited to open at HK$0.83, and during the day (based on 14 day Average True Range), to move between HK$0.80 and HK$0.84, which gives a possible trading interval of +/-HK$0.0156 (+/-1.90%) up or down from last closing price. If Paradise Entertainment Limited takes out the full calculated possible swing range there will be an estimated 3.79% 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$0.81 (1.22%) than the resistance at HK$0.85 (3.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Paradise Entertainment Limited stock A Buy?
Paradise Entertainment Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.
Current score: -0.469 Hold/Accumulate Upgraded
Predicted Opening Price for Paradise Entertainment Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| HK$0.83 ( 0.81%) | HK$0.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1180.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.85 | 3.25% |
| R2 | 0.84 | 2.32% |
| R1 | 0.83 | 1.74% |
| Price | 0.82 | |
| S1 | 0.82 | -0.119% |
| S2 | 0.81 | -0.694% |
| S3 | 0.81 | -1.63% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.89 | 8.54% |
| R2 | 0.87 | 6.10% |
| R1 | 0.85 | 3.66% |
| Price | 0.82 | |
| S1 | 0.81 | -1.22% |
| S2 | 0 | - |
| S3 | 0 | - |
1180 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 26, 2019 | May 24, 2019 | Jun 28, 2019 | HK$0.0250 | 2.07% |
| 2 | Mar 27, 2015 | Jun 24, 2015 | Jul 17, 2015 | HK$0.0500 | 2.59% |
| 3 | Aug 28, 2014 | Sep 25, 2014 | Oct 24, 2014 | HK$0.0200 | 0.669% |
| 4 | Mar 27, 2014 | Jun 18, 2014 | Jul 15, 2014 | HK$0.0500 | 0.88% |
FAQ
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