MECOM Power and Construction Limited Stock Forecast
Volatile ride for MECOM Power and Construction Limited stock price on Friday moving between HK$0.160 and HK$0.183
(Updated on Jun 28, 2024)
No changes to the price of MECOM Power and Construction Limited stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 14.38% from a day low at HK$0.160 to a day high of HK$0.183. The price has been going up and down for this period, and there has been a -4.89% loss for the last 2 weeks.
The stock lies in the middle of a very 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 12.83% during the next 3 months and, with a 90% probability hold a price between HK$0.180 and HK$0.244 at the end of this 3-month period.
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1183.HK Signals & Forecast
There are mixed signals in the stock today. The MECOM Power and Construction 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$0.178 and HK$0.188. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for MECOM Power and Construction Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.150 and HK$0.147. 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, MECOM Power and Construction Limited finds support just below today's level at HK$0.150. If this is broken, then the next support from accumulated volume will be at HK$0.147 and HK$0.141.
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$0.0230 between high and low, or 14.38%. For the last week the stock has had daily average volatility of 5.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1183.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect MECOM Power and Construction Limited to open at HK$0.173, and during the day (based on 14 day Average True Range), to move between HK$0.165 and HK$0.185, which gives a possible trading interval of +/-HK$0.0097 (+/-5.53%) up or down from last closing price. If MECOM Power and Construction Limited takes out the full calculated possible swing range there will be an estimated 11.05% 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$0.180 (2.86%) than the support at HK$0.150 (14.29%), 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 MECOM Power and Construction Limited stock A Buy?
MECOM Power and Construction 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: -2.576 Sell Candidate Unchanged
Predicted Opening Price for MECOM Power and Construction Limited of Tuesday, July 2, 2024
Fair opening price July 2, 2024 | Current price |
---|---|
HK$0.173 ( 1.33%) | HK$0.175 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1183.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.196 | 11.81% |
R2 | 0.187 | 6.79% |
R1 | 0.181 | 3.69% |
Price | 0.175 | |
S1 | 0.164 | -6.35% |
S2 | 0.158 | -9.46% |
S3 | 0.150 | -14.48% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.205 | 17.14% |
R2 | 0.204 | 16.57% |
R1 | 0.180 | 2.86% |
Price | 0.175 | |
S1 | 0.150 | -14.29% |
S2 | 0.147 | -16.00% |
S3 | 0.141 | -19.43% |
1183 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 14, 2022 | Sep 14, 2022 | Sep 14, 2022 | HK$0.0150 | 1.08% |
2 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | HK$0.0330 | 1.86% |
3 | Sep 07, 2021 | Sep 07, 2021 | Sep 07, 2021 | HK$0.0187 | 1.04% |
4 | Jun 01, 2021 | Jun 01, 2021 | Jun 01, 2021 | HK$0.0133 | 0.771% |
5 | Sep 11, 2020 | Sep 11, 2020 | Sep 11, 2020 | HK$0.0044 | 1.09% |
FAQ
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