Kingwell Group Limited Stock Forecast

Kingwell Group Limited stock downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jul 02, 2024)

1195.HK Signals & Forecast

The Kingwell Group Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$0.0200 and HK$0.0199. A breakdown below any of these levels will issue sell signals. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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 -37.50%. 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).

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$0.0190 and HK$0.0180. 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$0.0190. If this is broken, then the next support from accumulated volume will be at HK$0.0180 and HK$0.0170.

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$0.0010 between high and low, or 5.00%. For the last week, the stock has had daily average volatility of 17.75%.

Our recommended stop-loss: HK$0.0187 (-6.30%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 24 days ago.)

Trading Expectations (1195.HK) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Kingwell Group Limited to open at HK$0.0203, and during the day (based on 14 day Average True Range), to move between HK$0.0166 and HK$0.0234, which gives a possible trading interval of +/-HK$0.0034 (+/-17.00%) up or down from last closing price. If Kingwell Group Limited takes out the full calculated possible swing range there will be an estimated 34.00% 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$0.0190 (5.00%) than the resistance at HK$0.0220 (10.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kingwell Group Limited stock A Buy?

Kingwell Group Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.100 Hold/Accumulate Downgraded

Predicted Opening Price for Kingwell Group Limited of Wednesday, July 3, 2024

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