SPT Energy Group Inc. Stock Forecast
SPT Energy Group Inc. stock price ended at HK$0.229 on Thursday, after losing 2.55%.
(Updated on May 09, 2024)
The SPT Energy Group Inc. stock price fell by -2.55% on the last day (Thursday, 9th May 2024) from HK$0.235 to HK$0.229. During the last trading day the stock fluctuated 7.17% from a day low at HK$0.223 to a day high of HK$0.239. The price has risen in 6 of the last 10 days but is still down by -0.43% for this period. Volume has increased on the last day by 794 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately HK$241.82 thousand.
The stock lies in the middle of a wide and strong 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 26.22% during the next 3 months and, with a 90% probability hold a price between HK$0.265 and HK$0.330 at the end of this 3-month period.
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1251.HK Signals & Forecast
A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -8.40%. 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). SPT Energy Group Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". Some positive signals were issued as well, and these may have some influence on the near short-term development. The SPT Energy Group Inc. 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$0.235. On a fall, the stock will find some support from the long-term average at approximately HK$0.210. 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.
A sell signal from a double top formation was found on Friday, May 03, 2024 and based on theory for this formation the price should fall by -19.99% to HK$0.183 within 9 trading days since signal was issued (Friday, May 10, 2024).
Support, Risk & Stop-loss for SPT Energy Group Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$0.203 and HK$0.181. 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, SPT Energy Group Inc. finds support just below today's level at HK$0.203. If this is broken, then the next support from accumulated volume will be at HK$0.181 and HK$0.180.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved HK$0.0160 between high and low, or 7.17%. For the last week, the stock has had daily average volatility of 6.81%.
Our recommended stop-loss: HK$0.218 (-5.02%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (1251.HK) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect SPT Energy Group Inc. to open at HK$0.230, and during the day (based on 14 day Average True Range), to move between HK$0.212 and HK$0.246, which gives a possible trading interval of +/-HK$0.0165 (+/-7.22%) up or down from last closing price. If SPT Energy Group Inc. takes out the full calculated possible swing range there will be an estimated 14.45% 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$0.230 (0.44%) than the support at HK$0.203 (11.35%), 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 SPT Energy Group Inc. stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.682 Buy Candidate Unchanged
Predicted Opening Price for SPT Energy Group Inc. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| HK$0.230 ( 0.582%) | HK$0.229 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1251.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.246 | 7.57 % | |
| R2 | 0.240 | 4.90 % | ||
| R1 | 0.236 | 3.25 % | ||
| Current price: | 0.229 | |||
| Support | S1 | 0.224 | -2.09 % | |
| S2 | 0.220 | -3.74 % | ||
| S3 | 0.214 | -6.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.249 | 8.73 % | |
| R2 | 0.234 | 2.18 % | ||
| R1 | 0.230 | 0.437 % | ||
| Current price | 0.229 | |||
| Support | S1 | 0.203 | -11.35% | |
| S2 | 0.181 | -20.96% | ||
| S3 | 0.180 | -21.40% |
1251 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 26, 2014 | Jun 11, 2014 | Jul 30, 2014 | HK$0.0640 | 1.56% |
| 2 | Mar 26, 2013 | Jun 10, 2013 | Jul 30, 2013 | HK$0.0490 | 1.06% |
| 3 | Mar 28, 2012 | Jun 07, 2012 | Jul 31, 2012 | HK$0.0123 | 0.86% |
FAQ
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