Trigiant Group Limited Stock Forecast

Red day on Friday for Trigiant Group Limited
(Updated on May 24, 2024)

1300.HK Signals & Forecast

The Trigiant Group Limited 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$0.394. On a fall, the stock will find some support from the long-term average at approximately HK$0.389. 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 buy signal was issued from a pivot bottom point on Wednesday, May 22, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Wednesday, April 24, 2024 and based on theory for this formation the price should go up by 0.470% to HK$0.392 within 11 trading days since signal was issued (Monday, May 27, 2024).

Support, Risk & Stop-loss for Trigiant Group Limited stock

Trigiant Group Limited finds support from accumulated volume at HK$0.380 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 3.70%

Trigiant Group Limited is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: HK$0.364 (-6.74%) (This stock has low daily movements and this gives low risk. Low RSI14 is 13 which reduces the risk some. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (1300.HK) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Trigiant Group Limited to open at HK$0.390, and during the day (based on 14 day Average True Range), to move between HK$0.379 and HK$0.401, which gives a possible trading interval of +/-HK$0.0110 (+/-2.81%) up or down from last closing price. If Trigiant Group Limited takes out the full calculated possible swing range there will be an estimated 5.62% 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$0.400 (2.56%) than the support at HK$0.380 (2.56%), 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 Trigiant Group Limited stock A Buy?

Trigiant Group 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: 0.766 Hold/Accumulate Unchanged

Predicted Opening Price for Trigiant Group Limited of Monday, May 27, 2024

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