Tang Palace (China) Holdings Limited Stock Forecast
Green day on Friday for Tang Palace (China) Holdings Limited stock after gaining 1.35%
(Updated on Apr 26, 2024)
The Tang Palace (China) Holdings Limited stock price gained 1.35% on the last trading day (Friday, 26th Apr 2024), rising from HK$0.370 to HK$0.375. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.74% from a day low at HK$0.365 to a day high of HK$0.375. The price has risen in 5 of the last 10 days but is still down by -8.54% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 124 thousand more shares were traded than the day before. In total, 330 thousand shares were bought and sold for approximately HK$123.75 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -30.35% during the next 3 months and, with a 90% probability hold a price between HK$0.230 and HK$0.310 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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1181.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 10.29%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Tang Palace (China) Holdings Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tang Palace (China) Holdings Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.421. On a fall, the stock will find some support from the short-term average at HK$0.368. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Tang Palace (China) Holdings Limited stock
Tang Palace (China) Holdings Limited finds support from accumulated volume at HK$0.370 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$0.0100 between high and low, or 2.74%. For the last week, the stock has had daily average volatility of 10.13%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1181.HK) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Tang Palace (China) Holdings Limited to open at HK$0.372, and during the day (based on 14 day Average True Range), to move between HK$0.356 and HK$0.394, which gives a possible trading interval of +/-HK$0.0187 (+/-4.99%) up or down from last closing price. If Tang Palace (China) Holdings Limited takes out the full calculated possible swing range there will be an estimated 9.99% 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$0.370 (1.33%) than the resistance at HK$0.410 (9.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tang Palace (China) Holdings Limited stock A Buy?
Tang Palace (China) Holdings Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.347 Sell Candidate Unchanged
Predicted Opening Price for Tang Palace (China) Holdings Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| HK$0.372 ( 0.89%) | HK$0.375 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1181.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.382 | 1.78 % | |
| R2 | 0.378 | 0.759 % | ||
| R1 | 0.375 | 0.130 % | ||
| Current price: | 0.375 | |||
| Support | S1 | 0.368 | -1.91 % | |
| S2 | 0.365 | -2.54 % | ||
| S3 | 0.362 | -3.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.445 | 18.67 % | |
| R2 | 0.440 | 17.33 % | ||
| R1 | 0.410 | 9.33 % | ||
| Current price | 0.375 | |||
| Support | S1 | 0.370 | -1.33% | |
| S2 | 0.350 | -6.67% | ||
| S3 | 0.340 | -9.33% |
1181 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2024 | Jun 12, 2024 | Jul 26, 2024 | HK$0.0150 | 4.00% |
| 2 | Jun 14, 2023 | Jun 14, 2023 | Jun 14, 2023 | HK$0.0250 | 4.63% |
| 3 | Jun 15, 2022 | Jun 15, 2022 | Jun 15, 2022 | HK$0.0250 | 4.17% |
| 4 | Sep 15, 2021 | Sep 15, 2021 | Sep 15, 2021 | HK$0.0250 | 3.42% |
| 5 | Jun 16, 2021 | Jun 16, 2021 | Jun 16, 2021 | HK$0.0300 | 3.26% |
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