PC Partner Group Limited Stock Forecast
PC Partner Group Limited stock price fell more than -5.52% Thursday closing at HK$2.91
(Updated on Mar 28, 2024)
The PC Partner Group Limited stock price fell by -5.52% on the last day (Thursday, 28th Mar 2024) from HK$3.08 to HK$2.91. During the last trading day the stock fluctuated 5.54% from a day low at HK$2.89 to a day high of HK$3.05. The price has fallen in 5 of the last 10 days and is down by -9.35% for this period. Volume has increased on the last day by 390 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$2.97 million.
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 3.19% during the next 3 months and, with a 90% probability hold a price between HK$2.58 and HK$3.37 at the end of this 3-month period.
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1263.HK Signals & Forecast
There are few to no technical positive signals at the moment. The PC Partner Group Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at HK$3.06 and HK$2.91. 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 -10.46%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for PC Partner Group Limited stock
PC Partner Group Limited finds support from accumulated volume at HK$2.88 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved HK$0.160 between high and low, or 5.54%. For the last week, the stock has had daily average volatility of 3.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1263.HK) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect PC Partner Group Limited to open at HK$2.95, and during the day (based on 14 day Average True Range), to move between HK$2.76 and HK$3.06, which gives a possible trading interval of +/-HK$0.151 (+/-5.21%) up or down from last closing price. If PC Partner Group Limited takes out the full calculated possible swing range there will be an estimated 10.41% 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$2.88 (1.03%) than the resistance at HK$3.00 (3.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PC Partner Group Limited stock A Buy?
The PC Partner Group Limited stock holds several negative signals and despite the positive trend, we believe PC Partner Group Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -4.022 Sell Candidate Downgraded
Predicted Opening Price for PC Partner Group Limited of Tuesday, April 2, 2024
Fair opening price April 2, 2024 | Current price |
---|---|
HK$2.95 ( 1.37%) | HK$2.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1263.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.11 | 6.87 % | |
R2 | 3.05 | 4.77 % | ||
R1 | 3.01 | 3.47 % | ||
Current price: | 2.91 | |||
Support | S1 | 2.89 | -0.726 % | |
S2 | 2.85 | -2.02 % | ||
S3 | 2.79 | -4.12 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.12 | 7.22 % | |
R2 | 3.09 | 6.19 % | ||
R1 | 3.00 | 3.09 % | ||
Current price | 2.91 | |||
Support | S1 | 2.88 | -1.03% | |
S2 | 2.85 | -2.06% | ||
S3 | 2.73 | -6.19% |
1263 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 03, 2024 | Jul 03, 2024 | Jul 24, 2024 | HK$0.200 | 6.87% |
2 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | HK$0.250 | 5.53% |
3 | Sep 22, 2022 | Sep 22, 2022 | Sep 22, 2022 | HK$0.80 | 16.06% |
4 | Jun 21, 2022 | Jun 21, 2022 | Jun 21, 2022 | HK$1.61 | 20.61% |
5 | Sep 15, 2021 | Sep 15, 2021 | Sep 15, 2021 | HK$0.84 | 8.32% |
FAQ
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