Xtep International Holdings Limited Stock Forecast
Green day on Thursday for Xtep International Holdings Limited
(Updated on Apr 25, 2024)
The Xtep International Holdings Limited stock price gained 1.67% on the last trading day (Thursday, 25th Apr 2024), rising from HK$4.79 to HK$4.87. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.44% from a day low at HK$4.73 to a day high of HK$4.94. The price has risen in 6 of the last 10 days and is up by 1.46% over the past 2 weeks. Volume fell on the last day by -5 million shares and in total, 11 million shares were bought and sold for approximately HK$52.10 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 20.76% during the next 3 months and, with a 90% probability hold a price between HK$5.39 and HK$6.52 at the end of this 3-month period.
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1368.HK Signals & Forecast
A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -3.37%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Xtep International Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at HK$4.57 and HK$4.61. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Xtep International Holdings Limited stock
Xtep International Holdings Limited finds support from accumulated volume at HK$4.63 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$0.210 between high and low, or 4.44%. For the last week, the stock has had daily average volatility of 4.71%.
Our recommended stop-loss: HK$4.69 (-3.66%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (1368.HK) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Xtep International Holdings Limited to open at HK$4.85, and during the day (based on 14 day Average True Range), to move between HK$4.65 and HK$5.09, which gives a possible trading interval of +/-HK$0.218 (+/-4.47%) up or down from last closing price. If Xtep International Holdings Limited takes out the full calculated possible swing range there will be an estimated 8.94% 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$4.89 (0.41%) than the support at HK$4.63 (4.93%), 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 Xtep International Holdings Limited stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.101 Buy Candidate Unchanged
Predicted Opening Price for Xtep International Holdings Limited of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| HK$4.85 ( 0.479%) | HK$4.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1368.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.06 | 3.83 % | |
| R2 | 4.98 | 2.19 % | ||
| R1 | 4.93 | 1.17 % | ||
| Current price: | 4.87 | |||
| Support | S1 | 4.77 | -2.13 % | |
| S2 | 4.72 | -3.14 % | ||
| S3 | 4.64 | -4.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.04 | 3.49 % | |
| R2 | 4.95 | 1.64 % | ||
| R1 | 4.89 | 0.411 % | ||
| Current price | 4.87 | |||
| Support | S1 | 4.63 | -4.93% | |
| S2 | 4.40 | -9.65% | ||
| S3 | 4.33 | -11.09% |
1368 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 07, 2024 | Jun 28, 2024 | HK$0.0800 | 1.64% |
| 2 | Jun 06, 2023 | Jun 06, 2023 | Jun 06, 2023 | HK$0.0710 | 0.86% |
| 3 | Sep 02, 2022 | Sep 02, 2022 | Sep 02, 2022 | HK$0.130 | 1.25% |
| 4 | May 11, 2022 | May 11, 2022 | May 11, 2022 | HK$0.135 | 1.34% |
| 5 | Sep 03, 2021 | Sep 03, 2021 | Sep 03, 2021 | HK$0.115 | 0.86% |
FAQ
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