Tsui Wah Holdings Limited Stock Forecast
Red day on Friday for Tsui Wah Holdings Limited
(Updated on May 10, 2024)
The Tsui Wah Holdings Limited stock price fell by -4.32% on the last day (Friday, 10th May 2024) from HK$0.185 to HK$0.177. During the last trading day the stock fluctuated 5.08% from a day low at HK$0.177 to a day high of HK$0.186. The price has risen in 6 of the last 10 days and is up by 4.73% over the past 2 weeks. Volume has increased on the last day by 506 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, 506 thousand shares were bought and sold for approximately HK$89.56 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Tsui Wah Holdings Limited stock with a 90% probability to be traded between HK$0.172 and HK$0.191 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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1314.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 Tsui Wah Holdings 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$0.182 and HK$0.178. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -4.32%. Further fall is indicated until a new bottom pivot has been found. Tsui Wah Holdings Limited 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Tsui Wah Holdings Limited stock
Tsui Wah Holdings Limited finds support from accumulated volume at HK$0.175 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$0.0090 between high and low, or 5.08%. For the last week, the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: HK$0.169 (-4.48%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (1314.HK) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Tsui Wah Holdings Limited to open at HK$0.180, and during the day (based on 14 day Average True Range), to move between HK$0.172 and HK$0.182, which gives a possible trading interval of +/-HK$0.0052 (+/-2.95%) up or down from last closing price. If Tsui Wah Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.89% 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$0.179 (1.13%) than the support at HK$0.175 (1.13%), 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 Tsui Wah Holdings Limited stock A Buy?
Tsui Wah Holdings Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Tsui Wah Holdings Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| HK$0.180 ( 1.69%) | HK$0.177 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1314.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.189 | 6.78 % | |
| R2 | 0.186 | 4.84 % | ||
| R1 | 0.183 | 3.64 % | ||
| Current price: | 0.177 | |||
| Support | S1 | 0.177 | -0.247 % | |
| S2 | 0.174 | -1.45 % | ||
| S3 | 0.171 | -3.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.182 | 2.82 % | |
| R2 | 0.180 | 1.69 % | ||
| R1 | 0.179 | 1.13 % | ||
| Current price | 0.177 | |||
| Support | S1 | 0.175 | -1.13% | |
| S2 | 0.174 | -1.69% | ||
| S3 | 0.169 | -4.52% |
1314 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 30, 2023 | Jun 30, 2023 | Jun 30, 2023 | HK$0.0400 | 16.74% |
| 2 | Jun 28, 2019 | Aug 27, 2019 | Sep 12, 2019 | HK$0.0100 | 2.00% |
| 3 | Nov 28, 2018 | Dec 11, 2018 | Dec 21, 2018 | HK$0.0100 | 1.39% |
| 4 | Jun 28, 2018 | Aug 28, 2018 | Sep 13, 2018 | HK$0.0150 | 1.79% |
| 5 | Nov 28, 2017 | Dec 11, 2017 | Dec 21, 2017 | HK$0.0200 | 1.75% |
FAQ
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