Technovator International Limited Stock Forecast

Technovator International Limited stock price fell more than -5.36% Friday closing at HK$0.265
(Updated on Apr 19, 2024)

1206.HK Signals & Forecast

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. The Technovator International 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$0.276 and HK$0.293. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -20.90%. 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 Technovator International Limited stock

Technovator International Limited finds support from accumulated volume at HK$0.260 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.357%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (1206.HK) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Technovator International Limited to open at HK$0.265, and during the day (based on 14 day Average True Range), to move between HK$0.254 and HK$0.276, which gives a possible trading interval of +/-HK$0.0105 (+/-3.97%) up or down from last closing price. If Technovator International Limited takes out the full calculated possible swing range there will be an estimated 7.94% 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$0.260 (1.89%) than the resistance at HK$0.275 (3.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Technovator International Limited stock A Buy?

The Technovator International Limited stock holds several negative signals and despite the positive trend, we believe Technovator International Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.456 Sell Candidate Unchanged

Predicted Opening Price for Technovator International Limited of Monday, April 22, 2024

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