Spring Real Estate Investment Trust Stock Forecast
Volatile ride for Spring Real Estate Investment Trust stock price on Friday moving between HK$1.88 and HK$2.08
(Updated on May 03, 2024)
The Spring Real Estate Investment Trust stock price gained 0.535% on the last trading day (Friday, 3rd May 2024), rising from HK$1.87 to HK$1.88. During the last trading day the stock fluctuated 10.64% from a day low at HK$1.88 to a day high of HK$2.08. The price has been going up and down for this period, and there has been a 1.62% 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, 187 thousand more shares were traded than the day before. In total, 212 thousand shares were bought and sold for approximately HK$398.56 thousand.
The stock lies the upper part of a wide and falling 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$1.90 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.01% during the next 3 months and, with a 90% probability hold a price between HK$1.51 and HK$1.71 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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1426.HK Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Spring Real Estate Investment Trust 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. The Spring Real Estate Investment Trust 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$1.89 and HK$1.91. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -4.57%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Spring Real Estate Investment Trust stock
Spring Real Estate Investment Trust finds support from accumulated volume at HK$1.85 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$0.200 (10.64%) between high and low. For the last week, the stock has had daily average volatility of 3.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (1426.HK) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Spring Real Estate Investment Trust to open at HK$1.95, and during the day (based on 14 day Average True Range), to move between HK$1.83 and HK$1.93, which gives a possible trading interval of +/-HK$0.0525 (+/-2.79%) up or down from last closing price. If Spring Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 5.59% 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$1.85 (1.60%) than the resistance at HK$1.92 (2.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Spring Real Estate Investment Trust stock A Buy?
Spring Real Estate Investment Trust holds several negative signals and is within a 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.014 Sell Candidate Upgraded
Predicted Opening Price for Spring Real Estate Investment Trust of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| HK$1.95 ( 3.55%) | HK$1.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 1426.HK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.15 | 14.18 % | |
| R2 | 2.07 | 10.12 % | ||
| R1 | 2.02 | 7.61 % | ||
| Current price: | 1.88 | |||
| Support | S1 | 1.87 | -0.518 % | |
| S2 | 1.82 | -3.03 % | ||
| S3 | 1.75 | -7.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.01 | 6.91 % | |
| R2 | 2.00 | 6.38 % | ||
| R1 | 1.92 | 2.13 % | ||
| Current price | 1.88 | |||
| Support | S1 | 1.85 | -1.60% | |
| S2 | 1.82 | -3.19% | ||
| S3 | 1.77 | -5.85% |
1426 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 29, 2024 | HK$0.0900 | 4.79% |
| 2 | Apr 25, 2023 | Apr 25, 2023 | Apr 25, 2023 | HK$0.100 | 4.22% |
| 3 | Sep 05, 2022 | Sep 05, 2022 | Sep 05, 2022 | HK$0.112 | 4.23% |
| 4 | Apr 12, 2022 | Apr 12, 2022 | Apr 12, 2022 | HK$0.112 | 4.06% |
| 5 | Sep 06, 2021 | Sep 06, 2021 | Sep 06, 2021 | HK$0.108 | 3.74% |
FAQ
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