Hydoo International Holding Limited Stock Forecast

Volatile ride for Hydoo International Holding Limited stock price on Friday moving between HK$0.395 and HK$0.445
(Updated on May 31, 2024)

1396.HK Signals & Forecast

The Hydoo International Holding Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately HK$0.465. On a fall, the stock will find some support from the long-term average at approximately HK$0.268. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Hydoo International Holding Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Monday, May 20, 2024, and so far it has fallen -44.00%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Hydoo International Holding Limited stock

Hydoo International Holding Limited finds support from accumulated volume at HK$0.415 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved HK$0.0500 between high and low, or 12.66%. For the last week, the stock has had daily average volatility of 16.68%.

Our recommended stop-loss: HK$0.396 (-5.68%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (1396.HK) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Hydoo International Holding Limited to open at HK$0.420, and during the day (based on 14 day Average True Range), to move between HK$0.291 and HK$0.549, which gives a possible trading interval of +/-HK$0.129 (+/-30.75%) up or down from last closing price. If Hydoo International Holding Limited takes out the full calculated possible swing range there will be an estimated 61.50% 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$0.415 (1.19%) than the resistance at HK$0.450 (7.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Hydoo International Holding Limited stock A Buy?

Hydoo International Holding Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.898 Hold/Accumulate Unchanged

Predicted Opening Price for Hydoo International Holding Limited of Monday, June 3, 2024

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