Pacific Textiles Holdings Limited Stock Forecast
A very strong day for Pacific Textiles Holdings Limited stock price on Friday
(Updated on Apr 26, 2024)
The Pacific Textiles Holdings Limited stock price gained 6.38% on the last trading day (Friday, 26th Apr 2024), rising from HK$1.41 to HK$1.50. During the last trading day the stock fluctuated 5.59% from a day low at HK$1.43 to a day high of HK$1.51. The price has been going up and down for this period, and there has been a 1.35% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately HK$2.65 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at HK$1.54 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 18.05% during the next 3 months and, with a 90% probability hold a price between HK$1.52 and HK$1.82 at the end of this 3-month period.
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1382.HK Signals & Forecast
The Pacific Textiles Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at HK$1.41 and HK$1.34. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Pacific Textiles Holdings Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at HK$1.26 and HK$1.24. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Pacific Textiles Holdings Limited finds support just below today's level at HK$1.26. If this is broken, then the next support from accumulated volume will be at HK$1.24 and HK$1.18.
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$0.0800 between high and low, or 5.59%. For the last week, the stock has had daily average volatility of 3.85%.
Our recommended stop-loss: HK$1.44 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (1382.HK) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Pacific Textiles Holdings Limited to open at HK$1.48, and during the day (based on 14 day Average True Range), to move between HK$1.44 and HK$1.56, which gives a possible trading interval of +/-HK$0.0558 (+/-3.72%) up or down from last closing price. If Pacific Textiles Holdings Limited takes out the full calculated possible swing range there will be an estimated 7.44% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ HK$1.26, some HK$0.240 (16.00%) from the current price of HK$1.50, our system finds the risk reward attractive.
Is Pacific Textiles Holdings Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Pacific Textiles Holdings Limited stock to perform well in the short-term.
Current score: 4.865 Buy Candidate Unchanged
Predicted Opening Price for Pacific Textiles Holdings Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| HK$1.48 ( 1.33%) | HK$1.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1382.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.56 | 4.00 % | |
| R2 | 1.53 | 1.96 % | ||
| R1 | 1.51 | 0.704 % | ||
| Current price: | 1.50 | |||
| Support | S1 | 1.45 | -3.37 % | |
| S2 | 1.43 | -4.63 % | ||
| S3 | 1.40 | -6.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1.50 | |||
| Support | S1 | 1.26 | -16.00% | |
| S2 | 1.24 | -17.33% | ||
| S3 | 1.18 | -21.33% |
1382 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 06, 2023 | Dec 06, 2023 | Dec 06, 2023 | HK$0 | 0% |
| 2 | Dec 07, 2022 | Dec 07, 2022 | Dec 07, 2022 | HK$0.150 | 5.95% |
| 3 | Aug 16, 2022 | Aug 16, 2022 | Aug 16, 2022 | HK$0.140 | 4.75% |
| 4 | Dec 08, 2021 | Dec 08, 2021 | Dec 08, 2021 | HK$0.210 | 5.57% |
| 5 | Aug 17, 2021 | Aug 17, 2021 | Aug 17, 2021 | HK$0.220 | 5.31% |
FAQ
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