Huiyin Smart Community Co Ltd Stock Forecast

Volatile ride for Huiyin Smart Community Co Ltd stock price on Monday moving between HK$0.540 and HK$0.600
(Updated on May 06, 2024)

1280.HK Signals & Forecast

The Huiyin Smart Community Co Ltd 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$0.516 and HK$0.507. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 23, 2024, and so far it has risen 22.22%. Further rise is indicated until a new top pivot has been found. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Huiyin Smart Community Co Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at HK$0.495 and HK$0.485. 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, Huiyin Smart Community Co Ltd finds support just below today's level at HK$0.495. If this is broken, then the next support from accumulated volume will be at HK$0.485 and HK$0.450.

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$0.0600 between high and low, or 11.11%. For the last week the stock has had daily average volatility of 5.77%.

Our recommended stop-loss: HK$0.532 (-3.30%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 47 days ago.)

Trading Expectations (1280.HK) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Huiyin Smart Community Co Ltd to open at HK$0.563, and during the day (based on 14 day Average True Range), to move between HK$0.508 and HK$0.592, which gives a possible trading interval of +/-HK$0.0424 (+/-7.71%) up or down from last closing price. If Huiyin Smart Community Co Ltd takes out the full calculated possible swing range there will be an estimated 15.42% 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$0.560 (1.82%) than the support at HK$0.495 (10.00%), 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 Huiyin Smart Community Co Ltd stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 3.126 Buy Candidate Unchanged

Predicted Opening Price for Huiyin Smart Community Co Ltd of Tuesday, May 7, 2024

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