Legend Strategy International Holdings Stock Forecast

Legend Strategy International Holdings stock price ended at HK$0.233 on Thursday, after gaining 1.30%.
(Updated on Jun 27, 2024)

1355.HK Signals & Forecast

There are few to no technical positive signals at the moment. The Legend Strategy International Holdings stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at HK$0.241. On a fall, the stock will find some support from the short-term average at HK$0.232. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -39.48%. 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 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 also not.

Support, Risk & Stop-loss for Legend Strategy International Holdings stock

Legend Strategy International Holdings finds support from accumulated volume at HK$0.230 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved HK$0.0100 between high and low, or 4.48%. For the last week the stock has had daily average volatility of 2.96%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (1355.HK) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Legend Strategy International Holdings Group Company Limited to open at HK$0.230, and during the day (based on 14 day Average True Range), to move between HK$0.218 and HK$0.248, which gives a possible trading interval of +/-HK$0.0150 (+/-6.44%) up or down from last closing price. If Legend Strategy International Holdings Group Company Limited takes out the full calculated possible swing range there will be an estimated 12.89% 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$0.230 (1.29%) than the resistance at HK$0.248 (6.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Legend Strategy International Holdings Group Company Limited stock A Buy?

Legend Strategy International Holdings holds several negative signals and is within a very wide 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.

Current score: -3.860 Sell Candidate Unchanged

Predicted Opening Price for Legend Strategy International Holdings Group Company Limited of Friday, June 28, 2024

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