Realord Group Holdings Limited Stock Forecast
Realord Group Holdings Limited stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 17, 2024)
The Realord Group Holdings Limited stock price gained 0.560% on the last trading day (Friday, 17th May 2024), rising from HK$5.36 to HK$5.39. During the last trading day the stock fluctuated 1.12% from a day low at HK$5.35 to a day high of HK$5.41. The price has been going up and down for this period, and there has been a -1.82% loss for the last 2 weeks. Volume fell on the last day by -74 thousand shares and in total, 1 million shares were bought and sold for approximately HK$8.03 million. 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 is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Realord Group Holdings Limited stock with a 90% probability to be traded between HK$5.37 and HK$5.57 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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1196.HK Signals & Forecast
The Realord Group Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$5.37 and HK$5.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 1.13%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, March 26, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, March 26, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Monday, April 22, 2024 and based on theory for this formation the price should fall by -1.48% to HK$5.31 within 3 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for Realord Group Holdings Limited stock
Realord Group Holdings Limited finds support from accumulated volume at HK$5.37 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved HK$0.0600 between high and low, or 1.12%. For the last week the stock has had daily average volatility of 1.58%.
Our recommended stop-loss: HK$5.12 (-5.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (1196.HK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Realord Group Holdings Limited to open at HK$5.38, and during the day (based on 14 day Average True Range), to move between HK$5.28 and HK$5.50, which gives a possible trading interval of +/-HK$0.108 (+/-2.01%) up or down from last closing price. If Realord Group Holdings Limited takes out the full calculated possible swing range there will be an estimated 4.02% 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$5.40 (0.19%) than the support at HK$5.37 (0.37%), 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 Realord Group Holdings Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Realord Group Holdings Limited stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.750 Buy Candidate Upgraded
Predicted Opening Price for Realord Group Holdings Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| HK$5.38 ( 0.124%) | HK$5.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1196.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.44 | 0.99 % | |
| R2 | 5.42 | 0.564 % | ||
| R1 | 5.41 | 0.302 % | ||
| Current price: | 5.39 | |||
| Support | S1 | 5.36 | -0.549 % | |
| S2 | 5.35 | -0.81 % | ||
| S3 | 5.32 | -1.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.42 | 0.557 % | |
| R2 | 5.41 | 0.371 % | ||
| R1 | 5.40 | 0.186 % | ||
| Current price | 5.39 | |||
| Support | S1 | 5.37 | -0.371% | |
| S2 | 5.36 | -0.557% | ||
| S3 | 5.30 | -1.67% |
1196 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2014 | Jun 13, 2014 | Jul 04, 2014 | HK$0.485 | 64.94% |
| 2 | Jun 26, 2013 | Aug 08, 2013 | Aug 21, 2013 | HK$0.0194 | 5.19% |
| 3 | Jun 29, 2012 | Aug 16, 2012 | Sep 07, 2012 | HK$0.0194 | 6.67% |
| 4 | Jun 27, 2011 | Aug 09, 2011 | Sep 30, 2011 | HK$0.0194 | 3.85% |
| 5 | Nov 19, 2010 | Dec 09, 2010 | Dec 22, 2010 | HK$0.0291 | 5.26% |
FAQ
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