Kingwell Group Limited Stock Forecast

Big movements in Kingwell Group Limited stock price on Friday moving 13.64% between high and low
(Updated on Jun 14, 2024)

1195.HK Signals & Forecast

The Kingwell Group Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.0240. On a fall, the stock will find some support from the long-term average at approximately HK$0.0186. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, June 07, 2024, and so far it has fallen -28.13%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Kingwell Group Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.0200 and HK$0.0190. 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, Kingwell Group Limited finds support just below today's level at HK$0.0200. If this is broken, then the next support from accumulated volume will be at HK$0.0190 and HK$0.0180.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0030 between high and low, or 13.64%. For the last week the stock has had daily average volatility of 42.87%.

Our recommended stop-loss: HK$0.0217 (-5.86%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (1195.HK) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Kingwell Group Limited to open at HK$0.0233, and during the day (based on 14 day Average True Range), to move between HK$0.0190 and HK$0.0270, which gives a possible trading interval of +/-HK$0.0040 (+/-17.51%) up or down from last closing price. If Kingwell Group Limited takes out the full calculated possible swing range there will be an estimated 35.01% 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$0.0240 (4.35%) than the support at HK$0.0200 (13.04%), 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 Kingwell Group Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kingwell Group Limited stock to perform well in the short-term.

Current score: 2.366 Buy Candidate Unchanged

Predicted Opening Price for Kingwell Group Limited of Monday, June 17, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.