Tesson Holdings Limited Stock Forecast
Tesson Holdings Limited stock price ended at HK$0.0690 on Thursday, after losing 1.43%.
(Updated on Jul 04, 2024)
The Tesson Holdings Limited stock price fell by -1.43% on the last day (Thursday, 4th Jul 2024) from HK$0.0700 to HK$0.0690. During the last trading day the stock fluctuated 1.45% from a day low at HK$0.0690 to a day high of HK$0.0700. The price has fallen in 5 of the last 10 days and is down by -4.17% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 183 thousand shares were bought and sold for approximately HK$12.63 thousand.
The stock lies in the middle of a very wide and weak 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 4.06% during the next 3 months and, with a 90% probability hold a price between HK$0.0596 and HK$0.0801 at the end of this 3-month period.
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1201.HK Signals & Forecast
The Tesson Holdings 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$0.0681 and HK$0.0653. A breakdown below any of these levels will issue sell signals. 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 Wednesday, June 26, 2024, and so far it has fallen -2.82%. 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). 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 Tesson Holdings Limited stock
Tesson Holdings Limited finds support from accumulated volume at HK$0.0680 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0010 between high and low, or 1.45%. For the last week the stock has had daily average volatility of 8.19%.
Our recommended stop-loss: HK$0.0657 (-4.77%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (1201.HK) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Tesson Holdings Limited to open at HK$0.0693, and during the day (based on 14 day Average True Range), to move between HK$0.0625 and HK$0.0755, which gives a possible trading interval of +/-HK$0.0065 (+/-9.49%) up or down from last closing price. If Tesson Holdings Limited takes out the full calculated possible swing range there will be an estimated 18.98% 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$0.0700 (1.45%) than the support at HK$0.0680 (1.45%), 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 Tesson Holdings Limited stock A Buy?
Tesson Holdings 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.
Current score: 0.613 Hold/Accumulate Unchanged
Predicted Opening Price for Tesson Holdings Limited of Friday, July 5, 2024
Fair opening price July 5, 2024 | Current price |
---|---|
HK$0.0693 ( 0.483%) | HK$0.0690 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1201.HK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0703 | 1.93% |
R2 | 0.0700 | 1.38% |
R1 | 0.0697 | 1.04% |
Price | 0.0690 | |
S1 | 0.0690 | -0.0705% |
S2 | 0.0687 | -0.413% |
S3 | 0.0683 | -0.97% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0.0720 | 4.35% |
R2 | 0.0710 | 2.90% |
R1 | 0.0700 | 1.45% |
Price | 0.0690 | |
S1 | 0.0680 | -1.45% |
S2 | 0.0660 | -4.35% |
S3 | 0.0610 | -11.59% |
1201 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 30, 2012 | Sep 28, 2012 | Nov 07, 2012 | HK$0.0177 | 2.12% |
2 | Apr 01, 2012 | Jun 15, 2012 | Jul 05, 2012 | HK$0.0423 | 5.89% |
3 | Aug 30, 2011 | Sep 14, 2011 | Sep 28, 2011 | HK$0.0226 | 2.15% |
4 | Apr 03, 2011 | May 26, 2011 | Jun 13, 2011 | HK$0.0827 | 5.60% |
5 | Aug 26, 2010 | Sep 15, 2010 | Oct 15, 2010 | HK$0.0226 | 1.36% |
FAQ
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