Embry Holdings Limited Stock Forecast
Evaluation of Embry Holdings Limited stock downgraded after the last trading session.
(Updated on Jun 20, 2024)
No changes to the price of Embry Holdings Limited stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 3.03% from a day low at HK$0.330 to a day high of HK$0.340. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
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$0.323 and HK$0.408 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. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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$0.351. 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).
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 is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved HK$0.0100 (3.03%) between high and low. For the last week, the stock has had daily average volatility of 0.606%.
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 Friday 21st
For the upcoming trading day on Friday, 21st we expect Embry Holdings Limited to open at HK$0.337, and during the day (based on 14 day Average True Range), to move between HK$0.334 and HK$0.346, which gives a possible trading interval of +/-HK$0.0059 (+/-1.73%) up or down from last closing price. If Embry Holdings Limited takes out the full calculated possible swing range there will be an estimated 3.45% 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.349 Sell Candidate Downgraded
Predicted Opening Price for Embry Holdings Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| HK$0.337 ( 0.98%) | 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 | 0.347 | 1.96% |
| R2 | 0.343 | 0.84% |
| R1 | 0.340 | 0.143% |
| Price | 0.340 | |
| S1 | 0.333 | -2.10% |
| S2 | 0.330 | -2.80% |
| S3 | 0.327 | -3.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.370 | 8.82% |
| 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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