Oi Wah Pawnshop Credit Holdings Limited Stock Forecast
Evaluation of Oi Wah Pawnshop Credit Holdings Limited stock downgraded after the last trading session.
(Updated on May 03, 2024)
The Oi Wah Pawnshop Credit Holdings Limited stock price fell by -0.418% on the last day (Friday, 3rd May 2024) from HK$0.239 to HK$0.238. During the last trading day the stock fluctuated 0% from a day low at HK$0.238 to a day high of HK$0.238. The price has been going up and down for this period, and there has been a 0.85% gain for the last 2 weeks. Volume has increased on the last day by 7 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, 47 thousand shares were bought and sold for approximately HK$11.19 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Oi Wah Pawnshop Credit Holdings Limited stock with a 90% probability to be traded between HK$0.231 and HK$0.242 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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1319.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.85%. 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. The Oi Wah Pawnshop Credit Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at HK$0.238 and HK$0.239. A break-up above any of these levels will issue buy signals. Oi Wah Pawnshop Credit 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 Oi Wah Pawnshop Credit Holdings Limited stock
Oi Wah Pawnshop Credit Holdings Limited finds support from accumulated volume at HK$0.237 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 with good liquidity the risk is considered very low in this 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 0.337%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1319.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Oi Wah Pawnshop Credit Holdings Limited to open at HK$0.238, and during the day (based on 14 day Average True Range), to move between HK$0.237 and HK$0.239, which gives a possible trading interval of +/-HK$0.0012 (+/-0.52%) up or down from last closing price. If Oi Wah Pawnshop Credit Holdings Limited takes out the full calculated possible swing range there will be an estimated 1.04% 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$0.239 (0.42%) than the support at HK$0.237 (0.42%), 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 Oi Wah Pawnshop Credit Holdings Limited stock A Buy?
Oi Wah Pawnshop Credit Holdings Limited holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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: -1.007 Sell Candidate Downgraded
Predicted Opening Price for Oi Wah Pawnshop Credit Holdings Limited of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
HK$0.238 ( 0%) | HK$0.238 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1319.HK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.238 | . | |
R2 | 0.238 | . | ||
R1 | 0.238 | . | ||
Current price: | 0.238 | |||
Support | S1 | 0.238 | . | |
S2 | 0.238 | . | ||
S3 | 0.238 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.247 | 3.78 % | |
R2 | 0.240 | 0.84 % | ||
R1 | 0.239 | 0.420 % | ||
Current price | 0.238 | |||
Support | S1 | 0.237 | -0.420% | |
S2 | 0.236 | -0.84% | ||
S3 | 0 | . |
1319 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 01, 2023 | Dec 01, 2023 | Dec 01, 2023 | HK$0 | 0% |
2 | Aug 02, 2023 | Aug 02, 2023 | Aug 02, 2023 | HK$0.0087 | 3.35% |
3 | Dec 02, 2022 | Dec 02, 2022 | Dec 02, 2022 | HK$0.0092 | 3.97% |
4 | Aug 01, 2022 | Aug 01, 2022 | Aug 01, 2022 | HK$0.0037 | 1.43% |
5 | Dec 02, 2021 | Dec 02, 2021 | Dec 02, 2021 | HK$0.0078 | 3.13% |
FAQ
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