Embry Holdings Limited Stock Forecast
Embry Holdings Limited stock price down 4.23% on Friday
(Updated on Jun 14, 2024)
The Embry Holdings Limited stock price fell by -4.23% on the last day (Friday, 14th Jun 2024) from HK$0.355 to HK$0.340. During the last trading day the stock fluctuated 0% from a day low at HK$0.340 to a day high of HK$0.340. The price has been going up and down for this period, and there has been a -2.86% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -7 thousand shares and in total, 1 thousand shares were bought and sold for approximately HK$340.00 .
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at HK$0.324 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Embry Holdings Limited stock with a 90% probability to be traded between HK$0.322 and HK$0.406 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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1388.HK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 1.49%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Embry 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$0.344 and HK$0.352. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Embry Holdings Limited stock
Embry Holdings Limited finds support from accumulated volume at HK$0.335 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1388.HK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Embry Holdings Limited to open at HK$0.340, and during the day (based on 14 day Average True Range), to move between HK$0.333 and HK$0.347, which gives a possible trading interval of +/-HK$0.0069 (+/-2.02%) up or down from last closing price. If Embry Holdings Limited takes out the full calculated possible swing range there will be an estimated 4.04% 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$0.335 (1.47%) than the resistance at HK$0.350 (2.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Embry Holdings Limited stock A Buy?
Embry Holdings Limited 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: -2.315 Sell Candidate Unchanged
Predicted Opening Price for Embry Holdings Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| HK$0.340 ( 0%) | HK$0.340 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1388.HK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.340 | - |
| R2 | 0.340 | - |
| R1 | 0.340 | - |
| Price | 0.340 | |
| S1 | 0.340 | - |
| S2 | 0.340 | - |
| S3 | 0.340 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.365 | 7.35% |
| R2 | 0.360 | 5.88% |
| R1 | 0.350 | 2.94% |
| Price | 0.340 | |
| S1 | 0.335 | -1.47% |
| S2 | 0.330 | -2.94% |
| S3 | 0.325 | -4.41% |
1388 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 13, 2021 | Sep 13, 2021 | Sep 13, 2021 | HK$0.0200 | 1.82% |
| 2 | May 24, 2021 | May 24, 2021 | May 24, 2021 | HK$0.0250 | 1.89% |
| 3 | Mar 31, 2020 | Jun 02, 2020 | Jun 19, 2020 | HK$0.0300 | 2.86% |
| 4 | Mar 21, 2019 | Sep 09, 2019 | Jun 14, 2019 | HK$0.0200 | 0.92% |
| 5 | Aug 23, 2018 | Sep 10, 2018 | Oct 04, 2018 | HK$0.0350 | 1.34% |
FAQ
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